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Thread: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Boo Radley View Post
    You need to list specific regulations and show whihc ones are needed and which ones are not. If a regulation is really needed, saves lives, protects people, does cost mean we shouldn't do it?
    Does this help you?

    http://archive.sba.gov/advo/research/rs371tot.pdf


    The annual cost of federal regulations in the United States increased to more
    than $1.75 trillion in 2008
    . Had every U.S. household paid an equal share of the federal
    regulatory burden, each would have owed $15,586 in 2008. By comparison, the federal
    regulatory burden exceeds by 50 percent private spending on health care, which
    equaled $10,500 per household in 2008. While all citizens and businesses pay some
    portion of these costs, the distribution of the burden of regulations is quite uneven. The
    portion of regulatory costs that falls initially on businesses was $8,086 per employee in
    2008. Small businesses, defined as firms employing fewer than 20 employees, bear the
    largest burden of federal regulations. As of 2008, small businesses face an annual
    regulatory cost of $10,585 per employee, which is 36 percent higher than the regulatory
    cost facing large firms (defined as firms with 500 or more employees)
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Rhapsody1447 View Post
    No. I don't need an overreaching claim that they cost. Or even that there are a lot, but an arghument as to whihc ones we need and which ones we don't.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%


  4. #224
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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Dickieboy View Post
    So, you would argue, and liklely they cna argue this as well, that such isn't aviable yet. A logical approach and one that should be a winning one, provided it really isn't available yet. But each regulation should be appraoched individually, and not with a grouping that just says do away with regulations. Is this difficult to grasp?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Boo Radley View Post
    So, you would argue, and liklely they cna argue this as well, that such isn't aviable yet. A logical approach and one that should be a winning one, provided it really isn't available yet. But each regulation should be appraoched individually, and not with a grouping that just says do away with regulations. Is this difficult to grasp?
    Before I attempt the impossible task of reviewing all current regulations to find ones that would be considered wasteful, let me better understand your position on the issue. Do you think the regulatory burden is too much and needs to be reduced or do you believe the country is too deregulated as it is and needs additional regulation?

    Obama's recent regulatory review found $2 billion in wasteful, costly regulations.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Rhapsody1447 View Post
    Before I attempt the impossible task of reviewing all current regulations to find ones that would be considered wasteful, let me better understand your position on the issue. Do you think the regulatory burden is too much and needs to be reduced or do you believe the country is too deregulated as it is and needs additional regulation?

    Obama's recent regulatory review found $2 billion in wasteful, costly regulations.
    It's impossible to say whether overall regulation is too much or too little without reviewing individual regulations. My *feeling* is that there are probably many wasteful regulations that could be amended or eliminated, and there are also many regulations that should be implemented. In the latter category I would say that we need regulations to eliminate too-big-to-fail banks, increase transparency in derivatives trading, improve accountability in ratings firms, and to address coal plant pollution.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Boo Radley View Post
    So, you would argue, and liklely they cna argue this as well, that such isn't aviable yet. A logical approach and one that should be a winning one, provided it really isn't available yet. But each regulation should be appraoched individually, and not with a grouping that just says do away with regulations. Is this difficult to grasp?
    *tink*, *tink*, *tink*....Ahem, Boo? Still there? Could you address Rhapsody's question directly please?


    thanks.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    It's impossible to say whether overall regulation is too much or too little without reviewing individual regulations. My *feeling* is that there are probably many wasteful regulations that could be amended or eliminated, and there are also many regulations that should be implemented. In the latter category I would say that we need regulations to eliminate too-big-to-fail banks, increase transparency in derivatives trading, improve accountability in ratings firms, and to address coal plant pollution.
    And the former?

    It's not impossible to say whether overall regulation is too much or too little. It's an opinion, not a fact. Studies (like the one I posted) show us the economic cost of the current regulatory framework and it's perfectly reasonable to form an opinion based on that evidence.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Rhapsody1447 View Post
    And the former?

    It's not impossible to say whether overall regulation is too much or too little. It's an opinion, not a fact. Studies (like the one I posted) show us the economic cost of the current regulatory framework and it's perfectly reasonable to form an opinion based on that evidence.

    No see, they want you to delve through the 88,000 pages of this years regulations so that they can bog each objection down with pages of name calling drivel, meanwhile the topic of the thread is completely lost.

    What a waste of time.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by j-mac View Post
    No see, they want you to delve through the 88,000 pages of this years regulations so that they can bog each objection down with pages of name calling drivel, meanwhile the topic of the thread is completely lost.

    What a waste of time.

    j-mac
    It's not like I'm expecting him to admit anything that I find wasteful as evidenced by his complete dismissal of the $1.75T costs the study I posted found. I hope I'm wrong though.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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