Tuesday, April 12, 2011

Why the Recovery Sucks, Part 37

Lovely. From the front page of the WSJ today... "At times, officials have resorted to coin flips and turn-taking games to settle which agency will get jurisdiction. "There have been negotiations, trades, bargains, coin tosses, possession arrows, arbitration, mediation," William Kovacic, an FTC commissioner, said in an interview. "Tried them all." This is what business has to deal with. No wonder capital is flowing overseas and hiring is thin on the ground here at home. Regulation was never a dream but with the two mega-disasters of ObamaCare and Dodd-Frank, the regulatory appartus has become such a clusterfark, business simply cannot get done. Enjoy your European levels of growth and unemployment America - this is what you asked for.

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