Tuesday, October 25, 2011

Chart of the day

It's the regulation, stupid:

Note that when the "new healthcare policy" and "government/president" categories are factored in that more than one-third of small buisness owners cite some form of government interference as their primary problem. One can only wonder how many of those who listed another category would also cite government as either their second or third most pressing problems.

Are you listening Bruce Bartlett?

Update: More on the regulatory burden here:
Between 1995 and 2010, the total time spent by the public complying with federal regulations grew by 25%. Such a significant increase over the past decade and a half may well have deterred new business investment even before the 2008 financial crisis.
Over the same period, regulatory agencies’ budgets grew by 166%, according to an analysis by Susan Dudley and Melinda Warren. The increase in expenditures occurred as agencies created new rules, stepped up enforcement of existing mandates and increased staffing.
So much for all of the alleged rampant deregulation that took place during the Bush years...

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