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.
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:
So much for all of the alleged rampant deregulation that took place during the Bush years...