Stossel - 12/06/12 - Good Intentions Gone Wrong
Many government programs start off with good intentions. But do U.S. citizens really benefit in the end?
- Duration 41:14
- Date Dec 19, 2012
Many government programs start off with good intentions. But do U.S. citizens really benefit in the end?
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The federal government will be conducting a national test of the emergency alert system does that make you feel -- Cannot avoid it by flipping the channel it everywhere.
Does it make you feel safe that the government has spent four years studying this so.
-- your -- safer because of these two congress.
Do we need government to protect workers of course absolutely sure do next but.
-- -- except one result is this.
Government good intentions go to war.
That's our show.
Politicians claim they make our lives better by passing -- -- so -- -- they have good intentions but we shouldn't judge anything by its intentions.
And usually politicians good intentions go wrong tonight we start with workplace regulations.
Companies are greedy -- just want to make a -- health care about their workers so it does seem reasonable that.
Government has to protect workers most everyone we asked agreed with death.
They should be protected I think we definitely do and you know there's so many things that could happen in a workplace -- you have so many corporations act could be trapped so I I think the government should step in and how -- workers.
That makes sense to people there's so much that's beyond the workers' control safety rules for example.
What is the factory -- care of his workers are injured on the job.
That's why we need OSHA the Occupational Safety & Health Administration.
It sets safety rules for factories.
-- fond of showing people this graph of how workplace deaths dropped since the beginning of ocean.
Workplace injuries -- dropped at about the same rate thank goodness for government except look at this graph.
Look at what happens when you go back a few years oops workplace deaths were dropping even before -- Dropping just as fast.
Governments like somebody gets in front of a parade and pretends it led the parade.
In a free society -- get better on their own without government.
But people don't get that they don't get any European countries where people -- rioting because they're upset about high unemployment.
Don't they realize that those beloved worker protections -- -- reason companies don't wanna hire.
-- home they don't get advances and -- let's.
She's a Wall Street Journal reporter who reports on Europe's work rules and she joins us from London so.
And why auto workers getting Europe that we don't get.
Well for starters European workers to have the right and the protection unit to -- -- unemployment.
So the minimum guaranteed annual vacation here in Europe not including national holidays is twenty days of paid vacation a year not including national holidays weekends.
That this additional time off.
And some countries it's much higher and France it starts at 25 guaranteed days off this summer the European Court of Justice which has the highest court in the EU.
Added on another 18 gave worker is the right to a vacation it do over or give back away so we have -- -- patients during year.
-- -- court possibly.
Can that be well that means that for instance say your skiing for two weeks for your for your Christmas holidays.
And you -- your ankle and you -- the last eight days of your vacation laid out with a sprained ankle.
That means that those eight days automatically go into -- or your sick leave which is pretty much on limited.
And and you get and vacation do -- you have the right to eight extra days of paid vacation that year.
Two to make up for the eight days he spent ill and your vacation so -- so anytime you -- to vacationing you get sick keep get to do those days over of your vacation again.
And if you just say oh I had a cold I had the flu these days they have to give you that back somewhere else.
If you got a doctor's note and it's not.
Too hard usually to be able to pay doctor to give your doctor's note sale you know she got -- -- -- got the sniffles and she was snorkeling so she's gonna need another seven days of paid vacation.
Let's break it to hung by country let's do Italy first.
In Italy and if you start a business.
Then if you keep it small up to ten workers do you have some flexibility but if you hire an eleventh employee.
He must submit an annual self assessment to the national authorities outlying every possible health and safety standard hazard.
Yes and we're not just tighten about you know how you're going to deal with workers moving heavy machinery of self assessment must also include.
How you're get a deal with specific stresses related to perhaps your age or your gender.
It -- include the name of the Doctor Who came -- perform the assessment that helps explain whether overwhelming majority.
Of Italian workers work at companies with ten or fewer employees.
It's if you hire sixteenth employee.
You are required to have union representatives.
Each of whom is entitled to paid leave to fulfill union duty.
At least eight hours a -- Fiat.
If you hire one more employee he must be disable right -- to get -- sixteenth where current the next employee higher must be disabled in some way -- -- to pay -- fine.
At the -- and if that at the 51 employee 7% of the payroll must be handicapped in some way yes -- a tiny yet to 51 employees.
7% of you workforce must qualify as disabled in some way.
And by the way rates of disability here in -- pretty high.
So there's more it goes that if you have a 101 employees even more rules let's touch on Spain Spain is reformed it's stupid work -- and reform means that.
Companies that fire people no longer have to pay 42 months' severance pay now it's just 24 months.
But that's still two years.
So every employee you hire.
If they turn out badly you're gonna -- that employee.
Up to two years salary if you ever do you -- to dismiss him so in the past someone making a hundred foul year was entitled the 350000.
Dollars in severance pay.
But under the new rules just 200000.
Why hire someone -- to pay that much to fire them.
That's a very good question you better be really sure you want them -- as we -- by Spanish unemployment rates which are roughly a quarter of Spaniards are officially unemployed.
And about half of -- Youth workers are unemployed.
It's it's a decision -- not a lot of employers are willing to make.
You cover Europe these rules are all over the place I assume lots of people -- A lot's of people -- it's not mean people are in and a lot of these countries are expected to cheat and -- cheating is what keeps he inspector in business and in a lot of these countries.
For a lot of different types of economic activity.
It is easier and cheaper to -- the inspectors -- to actually go through all the motions and -- and follow all the rules and pay all the taxes and declare all your income declare all your workers.
So by contrast.
Singapore has a booming economy they do things right.
No minimum wage no laws against discrimination.
-- fire just four weeks termination notice.
The unemployment rate there is less than 2%.
-- the -- seems to be in the putting this is a place where you can go you can start a business you can hire you can be flexible.
Flexible enough to fire if you need to and that makes it attractive.
Thank you and show less and thank god we don't have all those dumb laws in America though we have plenty and we're getting more.
And most people we ask want more -- slight guaranteed vacation.
Giuliani dedication and we're working every name.
Absolutely and I think more so we -- to Harden -- country.
In France Italy elsewhere six weeks -- more.
But while America doesn't have mandatory vacation yet we do have.
All these laws a 170000.
Pages of federal rules that you must still bay.
And they keep passing more look at this chair.
It shows how America has recovered from every recession since the Great Depression a fast recovery and every one except for the Red Line.
That's the current recovery or non recovery should say.
I got this -- from economist Dan Mitchell at the Cato Institute.
In damn this recovery is slower.
Because partly because of all these rules.
You add up all the regulations and red tape.
All the government spending all the tax increases were about to get.
You can understand why entrepreneurs are thinking well maybe I don't wanna hire people on my do higher than it sort of like the mass in Europe.
Where while midday wanna make sure I keep my company's small I don't wanna give them health insurance begins and -- -- -- the obamacare mandates.
I worry that we are becoming like Europe at exactly the same moment we're seeing that model fall apart.
And in the past we had horrible recessions.
And we had many of these laws but not as many.
And that allow that animal spirits of entrepreneurs to make a difference.
As much as I would like a deregulate it laissez Faire economy you don't need that you just need to make sure that you have enough breathing room for the private economy to prosper.
Over time -- government keeps growing faster than the private sector are.
That -- basically means that the burden of government as a share GDP is rising.
And sooner or later it's not like there's a magic tipping point where one -- the camel's back causes -- to collapse but there is a tipping point but but there is a tipping point and we are seeing it now does that mean that -- five years away from being -- twenty years I don't know if I knew I'd be rich I'd be on Wall Street or something.
But I know that the trend line is very bad it happened under bush a Republican it's happening under Obama a Democrat.
It doesn't work.
Let's talk about some of the yet these good intentions that go bad clean energy.
Solyndra -- word association game.
And you look it's a lender that's just but that's just one example -- just the tip of the iceberg with the dozens of these companies go bad.
But it's really the story behind the story where it turns out that these are big campaign contributors -- -- getting these interest free loans and forgiven loans from the government.
You're distorting capital in the economy what does that mean it sounds -- a boring economic term it basically means that resources are being used less productively which means we get less growth.
Which means workers get lower wages it adds up to a bad situation.
We've got laws that encourage homeownership.
President Bush says he -- own -- home.
He have an ownership society you take care of things it's good for the economy where you then create housing bubble that blows up.
So the very people who were supposed to be help homeowners.
Often -- the -- that we're sort alerted the walking out on the plank and then of course the plank collapse we off followed the -- can test the waters.
We have these tax credits which are supposed to direct our spending too good things.
It sounds great.
But from us tiny little tax code in 1913.
Only two pages long fourteen pages of law.
We've now morphed into the 72000.
Page monster -- of the IRS website.
There's more than a thousand different forms and regulations and things like that you can download nobody understands -- and all it's a boon to that CPAs.
HR block I'm sure loves it.
But it's definitely a big millstone around the neck of the American economy but every single one of those somebody 2000 pages.
Have something -- it.
That probably sounds good.
But look what -- what -- adds up to -- And lastly on the spending.
The machinery of the welfare state everyone in the street we ask -- you gotta take care of people and we all want to help people.
Unintended consequence what worries me about the welfare state is this is where you're hurting people who are most vulnerable.
Because the welfare state when you look at the dozens of programs that comprise the welfare state it becomes like like fly paper and hold people down.
There are some shocking figure showing.
That as you as your income rises you're trying to make yourself better off you're doing the right thing you're trying to live the American DREAM -- you earn more income you start getting taxed on one hand.
And -- the government's taking away all these benefits on the other -- So you have.
Lower income people who are trying to get better -- who actually lose living standards they have less disposable income.
If there if they get 101000 dollars more in salary it's amazing because they pay more in taxes being in this higher bracket.
And they lose government benefits they lose government benefits whether it's food stamps whether it's earned income credit whether it's welfare benefits whether it's Medicaid eligibility.
Whether it's housing assistance you're like on a treadmill but you're not even running hard to keep.
Where you why are your running harder and harder and the treadmills going backwards and think about the message that sends to the very people we want to help.
It that it discourages them they decide well how come there's gonna try to get on disability are obviously not gonna work -- hard in in Pennsylvania you mentioned if you had 29000.
Dollars of income.
You're better off staying there that are earning 55000.
I hope this was an exception not the rule in effect.
You're told don't earn more -- -- you lose the safety net well maybe at the safety net wasn't luring people into disincentives.
We wouldn't have -- big problem we have today.
Good intentions going bad thank you Dan Mitchell coming -- you probably heard this annoying color before.
The federal government will be conducting a national test of the emergency alert system.
Government spends your money -- doesn't protect you that's next.
A nationwide test set to begin any moment.
Who that's exciting a nationwide tests.
Remember you cannot avoid it.
By flipping the channel it's everywhere.
It is everywhere it must be something from our federal government and shirt -- it is it's the emergency alert system.
It started in 1951 with Connell -- -- warning system to alert -- of the Russians attacked they didn't fortunately.
And then under President Bush senior we got I -- us the integrated public alert and warning system.
We were told the president could now reach the American public in just ten that's.
Then taxpayers -- -- again another hundred million dollars for -- -- commercial mobile alert system so.
Government can reach -- -- your cell phone.
And people like this they say thank goodness government does that.
-- spread the word when something is happening coming out there -- -- find out what's going down.
Well object and -- but the general attitude is yeah B were safer thanks to the emergency alert system.
You ever am sure you can warned about anything by the government that is.
He often get warnings from Austin from radio stations and word of mouth and Twitter and so forth.
About storms or other threats but the emergency alert system.
Now never even on September 11 when we were attacked the system was not at activate.
Although it existed for sixty plus years he wasn't even tested until Jamie Barnett said gee I think we -- a test this thing.
And the time you were the FCC is public safety and homeland secure.
-- bureau chief.
You found out it never even been tested.
John I was amazed to find out that we had this system that was part of our national preparedness in never been tested in coming from the navy is I did.
We know that you don't expect.
Which you don't inspect saw wrote a memo.
Chairman genachowski sent it over to the White House and that resulted in the test on November -- -- -- 2011.
And we have heard over time these tests coming -- from our local TV stations and that just may be the local station just.
-- -- That's -- -- that actually was where the felt she was because I assumed.
When I came into the FCC that that meant the whole system was being tested but the -- didn't happen and successful.
I do think it was successful we knew that after sixty years we would be able to come up with some things that didn't connect the -- they should that's what we actually were looking for.
About 90% of primary entry point stations were able to receive the signal.
And -- -- which is what was supposed to happen how -- call if successful could only got 90% of the main stations will because it was infected -- where the problems -- and to have 90% was not the success we were looking for a hundred that we were looking for.
What are the problems you call that successful but this must be some government definition of success because in the private sector I think that's what we call failure.
Your nation -- did happen in 2011.
The federal government will be conducting a national test of the emergency alert system but it didn't go nationwide.
Then disaster warning systems for -- to be carried on radio and television 2 PM eastern if you -- to say the least but Fox News viewers heard nothing.
And some people heard this murky announcement.
Direct TV cable viewers reported hearing Lady Gaga song paparazzi play during a test.
So how is that a success if you hearing Lady Gaga music.
You know wife is those two teacher in 90%.
On the test he gets an -- in her class but I'll say this.
We knew that there were no fraud government -- it's good they're -- we knew that there would be problems and that's actually -- to identify and think god love the people who put Lady Gaga on.
That was actually another -- a -- not supposed to have dead air time -- because of -- feedback problem on on on one of the satellite networks where he actually punched him we gotta put some music on their lady lady to Lady Gaga was the benefactor of that.
So why do we need this thing I don't need to know that the president is in charge I need to know what to do.
And I've got.
A million local media that we'll tell me you -- you can't do it instantly all over the country the way that you can with emerging alerting system.
To learning system is not supposed to be follow on information so much that something not think is a legitimate local news and national news type -- function.
But look at the earthquake could that we had in in a couple years ago in the mid Atlantic region rocketed up and down that the East Coast.
That was not much damage.
What if it had been.
What if it wiped out new York and -- the same time this is a system is designed to work even when nothing else does.
So a lot of your stations would have been knocked out there except for these.
Which have been hard how would I have been learned about you learn about it from your radio and TV station its prior off the air would learn about it if they're on the air.
I'm learning about it now is we're in the -- business potentially I have a a -- of battery operated radio people have their cars that's one of the things about it so this.
But I learned the battery operated radio and -- -- says this happen.
We'll have given you the news as soon as we get it.
And this is a boondoggle hundreds of millions of dollars -- government must do that and once it's spent.
You guys never stopped this is a great public private partnership.
Make sure that our public remains safe during hurricane sandy here in this area.
Twelve hours after the storm began people in my house got -- its emergency alert on their cell phone it looked like this and it said.
Take shelter now.
But this was twelve hours into the store this is the stupidity of government and I realize you've left government now so I'm not personally directing the CEO.
But you've spent much of your life in government in this is it's foolish government thinking spend the money.
For second rate stuff so you.
Here's and here's a thing you just mentioned what is a local.
Not the national alert system it is the C mess system and one of the things that we have to include in this is training both -- -- workers.
And for the people who initiate these warnings.
So you're right.
Twelve hours is not acceptable.
That that was a failure of some someone.
But I want say -- you still wanna be able have that that alerting system.
I appreciated the fact that I got more before the -- -- that's -- take cover.
-- more training that'll mean more money.
Thank you Jamie Barnett.
Coming up my government promises to protect me from dangerous chemicals -- for forty years they've studied whether it's dangerous.
To wash your hands with this so or her.
Brush with this toothpaste and their conclusion after forty years.
-- -- -- -- Let's cool -- is boring.
Both the students at a charter school.
Charters -- public schools that are free of the rules bureaucracy of regular government schools.
Some charters have used that freedom to do much better job kids -- that Harlem school get high test scores and the school makes learning.
Fun meaning -- what.
Let him run and all that rock and Austin.
In these kids say school is -- and hours of fungal or.
-- -- just end up on the -- you see you guys look forward to going to school Warren yeah.
Regular government schools rarely get results like that 'cause there are government monopoly and government monopolies all -- almost always -- a lousy job.
People who try to reform run up against what's called the education blob gets this job of the hot like thing that can't be budged -- that.
Teachers union the janitors union politicians and bureaucrats.
They resist change.
And that's -- I was side excited when the charter school movement began finally some schools would get to experiment.
And good experiments would expand.
Parents would seek.
How much better school couldn't -- ten kids -- finally benefit from the innovation we see in the rest of America.
But it's not happen.
Well -- happens sometimes we saw that one school but Jeannie Allen from the center for education reforms is the charter movement has gone wrong total.
And what's happening to Tracy Williams is an example of that so what happened -- My group and I.
Have put together an application.
To start charter -- Montclair New Jersey and we've been repeatedly stonewalled.
He wanted to do this because of your own daughter's experience she had bad teachers -- with a good teacher you've got together with people.
And said what are the rules we'll start a chart yes the first application was a hundred pages.
Denied today so you wire act.
At that time they said that there really wasn't a need for charter school that we had typographical errors in the application and.
On the need for the charter school wouldn't McDonald's like to say that to Burger King there's no need for competition here.
Are you had errors -- the application will and you try to get and you fix that yeah.
-- -- -- -- -- We got more people involved with them -- you get more people involved.
They felt we needed to show more prom parent support the first application lets have put -- -- with seventy letters.
And the second application and we could even with a 125 letters from parents who are interested in the school.
Still than six times you've been denied -- -- this is.
Typical it's becoming more and more typical -- partially you know -- got to remember that the whole purpose of the charter school movement was to create new public schools open.
By choice held accountable for results but free from most those rules and regulations somewhat the barred entry should be very very high.
The reality -- governments and cringing every day.
-- people want to start schools like Tracy and people have schools.
Because it's the blob it's still the education -- in charge and they don't want the competition that's exactly right estate education apartments get into the process -- -- the best charter school lost states.
We have a -- highest performing charter schools and Arizona.
That director spends 30% of -- time in this monstrous database.
Filling out paperwork.
That they're trying to actually squeeze her individual charter school and -- district like box.
They ask -- report about her improvement plan which -- gallon the highest for performing schools in the state.
And she's got -- -- their -- plan for it.
And EC's case are all the kids in New Jersey reading at grade level you know are they all doing -- no and you you -- qualified founders people worked hard.
And recognize it's something they wanna do and yet we're saying no don't come -- This is a movement that's beginning to have some pieces of the government tried to get up front.
I've experienced the bureaucrats resistance myself saying after I did my first 20/20 -- education choice hundreds of the union teachers showed up outside my office.
Screaming shame on you Stossel.
Then they demanded that -- -- teaching.
The crowd like the idea -- -- for a week days.
So why super has summoned by -- Cheryl peach for a week -- ready.
But then the blob that it's -- it wouldn't even let that happen after endless meetings they decided now spousal shouldn't teach for a week.
It's likely been graced the Soviet bureaucracy and they don't care about the kids they just care about their turf.
I can't imagine why they stopped the school like Tracy's from opening up I can't imagine why the existing charter schools and places New Jersey to Louisiana Florida Arizona.
And even -- -- regulate -- in this business fighting them because they're so afraid even the charter school movement is so afraid to make any mistakes.
It fears risk right.
Because they're afraid that if they don't show themselves to -- -- very very best and they will no longer be in business but the reality is.
Risk is that every great innovative business.
It's what makes America tech and so what you want high quality you wanna take -- risk and somebody like -- she wants to start a school.
We need to keep trying.
We are gonna keep trying we have an appeal -- the fifth application.
So we're gonna keep trying.
Well good luck to you thank you Tracy Williams and Jeannie Allen next do you -- Use any of these products put this under your arms clean with this.
Pressure -- with this stuff.
There's something in the case that some people say a -- calling here might hurt jokes -- government study yet and what have they found.
I'll tell you when we return.
You don't want government to keep -- safe protect the water we drink the air we breathe so we use break.
Soap well yes in the name of protecting us our government has studied the ingredients in these.
Anti bacterial soaps and these other products.
Under arm -- -- has this chemical called.
Try closing and it kills germs.
Civil lots of products total toothpaste.
The bureaucrats are studying -- to make sure -- clothes and safe and effective.
And that's a good intentions so how have they gone wrong well they've been studying it now forget this.
Forty years and he's still haven't made a decision.
Paul -- that Paul Alexander wrote a book about fighting germs called pandemic the story -- people vs -- hurt.
So forty years -- -- you know what.
While the product -- and -- -- the white six days and and they are only seven days they started a review process.
And the FDA.
Decided that it was safe but they were not sure that it was effective.
And then -- EPA is also involved in regulating the substance.
They decided it was a fact that they weren't sure that was safe.
-- -- -- -- This started forty years ago lay -- -- -- often do their resurgence admit that -- we -- -- floor.
Our coworkers stand there is always some environmental group they monitor how well what it has not -- yeah -- is gone on for so long that -- the environmental groups came in.
And started protesting.
Claiming that the substance was -- -- -- you know potentially dangerous.
Now as always they have research to back this up they -- huge amounts are grass ride and then.
That the rats you know sexual organs will grow.
To Juarez testicles -- large -- and one static.
I don't get -- to she'd been that'll affect the estrogen level of she.
They'd they'd tend not to do story movement studies on humans who were actually using the product.
But I'm has gone on for so long that I got involved -- on where they're getting congress involved.
And the EPA scared people buy it labeling the chemical a pests somewhat centrist thing as a pesticide and he used to stop dessert after a while I'm glad -- average and divide as -- -- -- -- kills bacteria that's why they call of the past it kills all right -- to a dollar and AAR APA bacteria which is just adjournment of fancy word for -- That's considered a past.
So we have here if you kill -- past year are pesticides they have all these images -- DDT and Johnson & Johnson stop using the product didn't because.
Well there's this amazing and I don't have despite an extensive history of safe -- we want you to have peace of mind.
Well I mean that that maybe what does that publicly or privately if you talk to them there's nothing that you know business is based on being able to predict what's gonna happen in the future.
So what happens -- have that EPA finally after forty years that the FBI finally after forty years.
Makes a decision and it goes against them.
So hedged in terms it is planning.
You know you know business planning -- makes sense to a -- after forty years.
They may never make -- that -- and the and if they do mega decision and may not be in their favor.
And that that tragedy is that you know that from what I can tell all of our ran and talk to people about -- -- -- that's the same product that you like you said it's in your chip bags I used to send your dollar and seven year anti bacterial -- -- your tax dollars and work for forty years -- what do you call Alexander up next more horrible examples of governments -- tensions probably.
You have to were -- yes.
Good intentions gone wrong that's what this thing hits.
This is the Dodd-Frank law hundreds of pages that are supposed to protect us from Los evil banks that.
The politicians say the banks took needless risks on mortgages because.
There had been deregulation.
If we do not act as bad situation will become worse and that's what we're determined to get this bill through.
And they got it through all 848.
I haven't read it I admit that but Louise Bennett has she's a lawyer who specializes and garbage like this bill so.
This is gonna protect us what's the problem the problem is -- that a lot of the myths surrounding this.
And one of the biggest is that deregulation.
That we've had sitting between TF period of deregulation which is -- to get George Bush this is big.
I can't study even any -- people who -- stay -- -- and then and throughout the Clinton Era was astonished to learn George W.
Bush hired in 86000.
More regulators this guy -- for trade is the deregulate.
That's right and -- banking of course is one of the most regulated industries if not the most regulated industry and it problem was not.
Was that that we had a crisis -- always.
By a massive industry -- -- investment in real estate -- was a direct result of government policy it's not a demon -- we have -- everybody was encouraged to.
Take out a mortgage that's -- heart but.
I assume these guys are well intended they craft this bill.
Logic says -- protect us.
Well and at the -- bailouts need to be.
To be addressed and dud frank does not gained an -- it does not -- too big to fail blocks all this and that's that's the worst part angry.
That is left in here and in fact -- even in courage.
Because it implies that some banks will be bailed out that's tractor police say -- bank is systemic which is -- the terminology.
-- -- out to be if to the markets.
So they've they've labeled some of these big institutions systemic and then look at this chart here shows what happens and when white increases the risk of too big to fail.
The big banks.
Get to borrow money more cheaply.
Because people figure.
It's government will bail amount say critics is -- that those banks are not going to be fail and bailed out if they if they fail and said it more likely to give them that give them any at a cheaper rate to -- -- -- of borrow a thousand bucks JPMorgan Chase pays four dollars interest but a small bank -- 750.
That puts them at a disadvantage they -- small the big banks grow bigger.
That's threat than dodging you while the more Nike ought to be bailed out because your systemic and because they cannot allow -- -- and -- you to fail.
And then you can make more money and the rest of this bill when it doesn't stop to.
Too big to fail it does.
Other terrible thing was still well -- -- Actors just demand -- I think something people need to realise about this is Dodd-Frank was -- as you pointed out it's you know 8900 pages.
But it's just to mandate it basically -- is to regulatory agencies.
You need to go out and make.
Rules on a variety of topics and so this isn't the rule.
This it'll go right.
400 new rules.
Congrats 400 year old and off we've already had one -- out of the rules -- it is about 400 -- rule making requirements.
All of that is one said it had been finalized.
Many of them are not taking forcing -- -- they've been finalized.
One thing had been propellers which means there in various stages of being reviewed.
And once they had -- -- to be propellers.
And so we about any -- that you know as small segment of the rule making that will that -- kinda Dodd-Frank.
But what's the -- -- -- what does that do well one good one of the difficulties is is Christie the complexity I mean to just keep up with these regulations not a single no single -- could possibly do it and then it require is.
I have yet huge numbers of -- -- Manhattan power -- is for each institution.
Tipped to kind of keep up with.
When he four million hours of private sector labor each year just for the rules they passed so far.
Would you yet that said that's -- proximity based on about 200 of the rules so it 400 you could probably double that.
So no wonder the economy doesn't recover with this hanging over our heads if.
If they -- rules that people could.
Identify with understand -- -- I that would be one thing but what we're seeing with a lot of the Reagan ages is that there -- it is that they're putting out -- saying.
Well we're basically gonna do whatever we want -- and that we have -- discretion.
This isn't witness may be how we approach shift but we have discretion to do whatever we want -- -- up pops and we still don't know exactly what.
They will do -- will decide later if -- break in the long.
That's pretty much says that the subtext on it.
And so business slows good intentions gone bad.
Thank you Louise Bennett at the Cato Institute coming up my take on government gone wrong and a little bit of goodness.
Our show title tonight good intentions.
Gone wrong describes most of what government does.
We have problems.
Politicians then claim they have -- fixed so they passed laws they add to this growing pile of laws -- 170000.
They propose a thousand new ones every week -- The bill signings everyone feels good.
And the public seems to buy -- they think a problem solved.
After all no kids visiting Washington asked their congressman what laws did you repeal.
It's always congressman what laws have you pass.
And so they pass and pass in these laws pile up and for every one of these there's an unintended consequence or several.
The track record is clear central planners failed in the Soviet Union in Cuba in America's public school system.
At the post stuff central planning stops innovation distorts the economy.
Yet for all that failure whenever another crisis since the natural instinct is to say -- must do something.
We we -- Because there are always problems that must be -- and there are -- politicians who claim to be problem solvers.
And there's so interest in our welfare it's all they talk about.
Some even went armored so they must be so Smart.
And we believe them then when they say yes we -- yes we.
Yes -- yeah.
It shows they can do things as well as free people that's -- I say no -- can't.
Yes they can pass a law but the law doesn't really solve the problem it creates new ones.
In my city last week there were protests in front of McDonald's.
Unions want fast food workers pay -- The New York Times put this protest thrown its front page.
She says McDonald's pays -- eight dollars an hour.
But she deserves fifteen.
And so civil rights groups that are union demand a higher living wage and they may get it.
Yeah -- well the big bad union like the big bad wolf and government use force.
-- 51% of voters or union members one a fifteen dollar minimum that's what employers must -- And that sounds good people ever wanna get -- -- the problem comes from what is not seen.
I can -- the guy who got a raise I can't interview the guy who decided not to open a McDonald's because work rules were too onerous.
I cater -- the worker who was never offered a job because high union pay scales protected him out of a job.
We usually don't even know who those people are.
They are the unseen victims of governments protections.
It's frustrating to try to explain the unseat.
Sometimes I fear no one understood -- sell it's a relief to meet the few people who do.
I believe that government is here -- then.
Fix our streets and our roads and that protect us that they don't need to protect people from their jobs.
-- three cheers for her and for you would hold more actually pay attention -- understand that its Frito not central planning.
That gives us better lives.
That's our show all thanks for watching.
I'm John stops.