The plague of unbridled regulatory promulgation has sicked the American business environment, especially the environmental protection rule-making that has been especially toxic.
During a detailed and address to the Economic Club of New York, GOP presidential hopeful Donald Trump offered his plans for creating robust economic growth by targeting the “regulatory industry”, as well as tax reforms and better trade deals.
The crowd cheered when Trump described a key component of his fiscal plans, reducing the corporate tax rate to 15%, then began targeting the regulations that stifle American business creation and growth.
…In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Every year, overregulation costs our economy $2 trillion dollars a year and reduces household wealth by almost $15,000 dollars.I’ve proposed a moratorium on new federal regulations that are not compelled by Congress or public safety, and I will eliminate all needless and job-killing regulations now on the books.This includes eliminating some of our most intrusive regulations, like the Waters of The U.S. Rule. It also means scrapping the EPA’s so-called Clean Power Plan which the government itself estimates will cost $7.2 billion a year. This Obama-Clinton directive will shut down most, if not all, coal-powered electricity plans in America. Remember what Hillary Clinton said? She wants to shut down the miners, just like she wants to shut down the steel mills….
Trump also mentioned energy policy and trade agreements in this wide-ranging economic address:
He also addressed energy reform, which would “lift restrictions on all sources of American energy production.”In what he called “the foundation for everything,” Trump reiterated his pledge to renegotiate trade deals so that they’ll favor American workers.Trump said his plan would open up a “new highway of jobs into our country.”
Flint, Michigan was also part of Trump’s discussion. The city has been the focus of a lead-contamination disaster that was due, in part, to an EPA official’s attitude that Flint “isn’t worth going out on a limb for.”
…To draw a contrast — and to make the case that changes in the US are required immediately — the Republican presidential candidate talked about Flint, Michigan, which he visited Wednesday.“It used to be cars were made in Flint and you couldn’t drink the water in Mexico,” Trump said. “Now cars are made in Mexico and you can’t drink the water in Flint.”
The proof that Trump’s address was successful is shown by the hyperbolic response of progressives about Trump’s mention of “the food police“.
However, as I have noted the erroneous dietary cholesterol guidelines and food industry collusion in fat recommendations, I suspect America will be better off without some of those as well.
I will also note that salmonella cases have been rising under Obama, partly because people have taken to keeping their own chickens for eggs and meat due to the current economic stagnation.
The fact that progressives are squawking means Trump’s economic address hit all the right notes.
I am sure this will help his campaign, the status of which I discussed with Sivio Canto on Canto Talk today! We also discussed the NFL boycott movement!
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