THE LIBERAL AGENDA FOR
2016 AND BEYOND…
IF IT MOVES, TAX IT…
IF IT KEEPS MOVING, REGULATE IT…
AND IF IT STOPS MOVING, SUBSIDIZE IT…
2016 RACE/ECONOMIC ANALYST: Andrew Langer, is the President of The Institute For Liberty, and a contributor to The American Spectator, and Townhall.com. He is the host of The Langer Cast on the RELM Network.
Over the last 20 years, Congress has created over 80,000 new, burdensome regulations — nearly one every two hours. These regulations cost the American economy, directly, nearly $2.2 tr illion annually, and, according to a recently released study from the Mercatus Center, had regulatory growth remained steady over the last 35 years our economy would be $4 trillion larger, $52,000 per year for an American family of four!
The result is a big government nightmare responsible for “The Great Stagnation”— stagnation of wages, labor force participation, and job growth. As a result, the American dream has been pushed far out of reach for far too many.
Last month marked the worst jobs report in over 6 years. Only 38,000 new jobs were created —over 100,000 less than what is needed to keep up with U.S. pop ulation growth. American citizens’ real wages have declined by an average of 4 percent since President Obama — the Regulatory King — took office, while labor force participation has dropped to the lowest it’s been since the Jimmy Carter Administration. Since 2005, regulatory costs have doubled in America!
If we want the economy to improve — if we want to give all Americans the chance to prosper again — we need to put an end to Washington’s destructive regulatory agenda on once and for all.
Thankfully, an increasing number of elected officials in Washington are fighting against the harmful effects and unintended consequences of these onerous regulations. Leading the fight in Congress has been House Financial Services Committee Chairman Jeb Hensarling (R-TX), who recently outlined a comprehensive plan to turbocharge the American economy.
His new legislation, The Financial CHOICE Act, aims to curb regulations to create opportunity and choice for investors, consumers, and entrepreneurs nationwide.
BIO: Since 2008, Andrew Langer has been President of the Institute for Liberty. IFL works on a variety of issues—promoting and protecting small business, linking trade and prosperity, tilting against the regulatory state. But at the organization’s core, and Andrew’s, is the desire to promote freedom and individual rights. Andrew has been involved in free-market and limited-government causes for nearly 20 years, has testified before Congress nearly two dozen times, and spoke at the historic 912DC March.
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