The Growing Threat Of "Dark Matter" Regulations

http://news.investors.com/ibd-editorials/120915-784625-the-growing-threat-of-dark-matter-regulations.htm ^ | 12/09/2015 | Editorial

[expat_panama]

Big Government: Civics books say the U.S. is a representative democracy. But the truth is that it's increasingly becoming a regulatory dictatorship, a trend made clear in a disturbing new report on the scale of federal rules.

In his seven years in office, President Obama has signed 895 bills into law. Over the same period, federal regulators issued 24,478 rules. If you want an example of how unaccountable the federal government has become, it doesn't get much better than that.

The regulatory state is so massive that the government doesn't even know how many regulatory agencies there are. Counts range from a low of 60 to a high of 438.

But this is just the tip of the regulatory iceberg...

[snip]

...politically expedient changes to Obama-Care and turn most independent contractors into employees. More than 1,400 directives target the financial industry — 49 from the new Consumer Financial Protection Bureau.

Congress is as much to blame for this terrible state of affairs as anyone. Both because they write laws that hand vast powers over to regulators and because, as Crews notes, they rarely use their oversight authority to rein regulators in.

This has to change, and fast, if the nation is to avoid becoming ruled entirely by unelected and unaccountable Washington bureaucrats.

[expat_panama]

What got me was the numbers, that on average for every day in the office O signed a new bill into law, and along with that came more than a couple dozen new regulations enforced by fines or imprisonment.

[ctdonath2]

“regulatory dictatorship”

[BBB333]

I do not believe you math is correct.

One new bill for every third day is more like it.

It’s abysmal to be sure!

[Old Sarge]

The single worst thing that GWB ever failed to do, was to purge the government of the Clintonistas in early 2001.

A Clintonista at the time smirked in the media, “it’ll take them years to undo what we’ve done.”

Those Leftists who were hired on in ‘93, are embedded like tapeworms in every facet of government. They’ve had 20+ years to entrench, and nothing short of revolution will dislodge them.

[Old Sarge]

Forgot to add the quote:

if the nation is to avoid becoming ruled entirely by unelected and unaccountable Washington bureaucrats.

[o_1_2_3__]

related: CORRECTED-Republicans slam U.S. financial stability council as secretive.

[expat_panama]

A Happy Trading Morning to everyone!   Our heat map shows metals futures soaring +0.53%, and while it's also got stocks down a percent this other futures page shows a lot of upward pressure.  All this comes w/ flat trading continuing in metals while yesterdays stocks closed sharply down bringing up the distribution count to 9 NASDAQ and 8 S&P500.  It sure seems that another such day would officially put us into "correction".

Reports:

8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Export Prices ex-ag.
8:30 AM Import Prices ex-oil
10:30 AM Natural Gas Inventories
2:00 PM Treasury Budget

Ya got to love these headlines:

• Swiss Central Bank Keeps Rates in Negative Zone
• Oil up after US storage slips, global glut concerns remain
• As Fed tightening looms, big share repurchasers could be pressured
• Study: US middle-class families are no longer in the majority
• A Lack of Growth, Not Inequality, Is the Real Problem
• Rate Hike Flies In Face of a Bad Job Market
• The Arguments Against A Rate Hike Pile Up

[expat_panama]

for every day in the office O signed a new bill

One new bill for every third day

Right, which means we're assuming he spent a day at the office on one out of 3 days.  We may be a bit generous there...

[indthkr]

Democrat job killing machine bump for later....

[expat_panama]

tx!

[Rusty0604]

Good description of our government.

[ichabod1]

OK, so he signs bills every Monday and Friday. It averages out.

[WashingtonSource]

Ping

[BwanaNdege]

Those Leftists who were hired on in ‘93, are embedded like tapeworms in every facet of government. They’ve had 20+ years to entrench, and nothing short of revolution will dislodge them.

"Unelected and unaccountable Washington bureaucrats" were grabbing power long before 1993.

FDR, LBJ, Nixon all lengthened their leashes.

OSHA, EEOC, EPA are some of the most rabid agencies, but the list also includes the FAA and many others.

Here is a Comment on this article:

Aircraft certification bill to reduce cost of flying

The part that's not clear by the text is the ability to move current CAR3 and Part23 aircraft to something like Canada's Owner-Maintained category, essentially making them like Experimental-Amateur Built. Trio autopilots at $3k instead of $10k for "FAA Certified", ability to work on and modify your aircraft, use off-the-shelf parts, etc. The best example is being able to use an aftermarket door handle for your Cherokee (which is the door handle from a 1959 Studebaker), instead of $700 from Piper, or $400 for a PMA'd door handle.

Even stupid stuff like a standard gas strut for the baggage door. $40 from NAPA (it's an off the shelf car part) rather than $500 from the OEM.

We move away from the idiocy of Whelen having to spend $1m and three years to certify an LED replacement landing light (which is a 1959 Ford headlight).

[Old Sarge]

Ree-diquluss stuff that goes on behind the curtains...

[ameribbean expat]

This is the biggest reason I quit listening to “conservative” media. You can talk about separation of powers and Obama’s overreach all you want to, but until you have a plan and the backbone to deal with administrative agencies — who all exercise in some form “quasi”- executive, legislative and judicial powers— you have not gotten to the root of the problem. For starters, we need to put names and faces to the nameless faceless bureaucrats and they need to be subject to the same financial disclosure requirements as elected leaders and judges.

[Dr.Deth]

That which is not prohibited, is compulsory.

[dennisw]

if the nation is to avoid becoming ruled entirely by unelected and unaccountable Washington bureaucrats.

[PapaBear3625]

Congress deliberately hands over power to nameless regulators, because Congressmen do not want to be held accountable for the rules thus created.

[daniel1212]

The link to https://cei.org/content/mapping-washington%E2%80%99s-lawlessness-cei-releases-inventory-how-federal-government-interferes froze my browser due to its type of scripts. Need a law to prohibit sites from using such:)