If they are unintended, we are governed by a bunch of tone-deaf, idiots. If they are intended, we are governed by a nasty bunch of SOBs. Either way, we (the electorate) are screwed.
Government regulations almost always result in a tax on the governed or the end user of the over-regulated industry. Case in point:
- Loose mortgage standards = Market collapse, unprecedented numbers of foreclosures and short sales and trillions of dollars in lost false equity.
- Healthcare regulations (i.e. Obamacare) = Rationing of care.
- Health insurance mandates = More expensive health insurance premiums.
- Pollution standards = More expensive gasoline, more expensive cars, ___________, _______ all in an effort to meet the standards.
- Banking regulations (i.e. Durbin Amendment) = Higher fees charged to consumer on otherwise free or low-cost services to make up the difference.
