Republicans Want to Freeze Government Regulation—Forever?

The Nation, July 25, 2012

"The “Red Tape Reduction and Small Business Job Creation Act” is yet another attempt by Congressional Republicans to use ostensible job creation as a gloss for rolling back government protections. Naturally, the problem with the economy today is that demand is insufficient—companies are posting record profits, and our current malaise is not an issue of corporations being over-regulated but rather lacking strong markets to sell products.

Rolling back regulations won’t create new jobs, as even Bruce Bartlett, an economic adviser to Ronald Reagan, has said. But beyond failing to stimulate employment, this “Red Tape” bill would halt a number of crucial regulations during tough times for many Americans."