There’s been interesting buzz about another round of EPA regulations dropping from the Obama Administration — particularly the concerns from Democrats that they’re going to be particularly harmful to business.
It’s a recurring theme of liberalism that companies exploit employees, shirk regulations, and protect their bottom line in the interest of stockpiling $100 bills to use as kindling when lighting their fat cigars. Obviously this isn’t the case, especially with small to medium sized, homegrown businesses.
Running a consulting shop like mine is one thing, but running a company in manufacturing is another, just in terms of managing inventory and overhead. A recent Politico story notes that it’s hard for some businesses to keep up. They report:
“There has to be balance in the application of this policy, particularly when you look at the fact that the standard was recently changed and that industry, particularly the steel industry, have worked hard to achieve the standards and have some challenges in their efforts to achieve the standards,” Gary’s mayor, Karen Freeman-Wilson, told POLITICO.
Still, the arguments against the new smog rules may be harder to dismiss when coming from local and state officials who represent the areas that are the target of the environmental efforts to reduce pollution — and who have been staunch supporters of Obama in the past, such as Democratic Missouri state Sen. Jamilah Nasheed.
The Obama administration has been on a tear as it rounds out its final months, creating the foundation of a lasting progressive legacy. As I’ve reported before, new regulations are coming out of the Department of Labor that throw a wrench in how businesses plan their payrolls, in terms of hiring exempt employees. Regulations like this one cause further uncertainty.
I’m no economist — actually, yes I am, and I have the degree to prove it — but a contributing factor to economic instability is uncertainty. When people with wealth can’t carefully plan because they’re not sure how regulations will influence the market for their goods and services, they keep their money out of it completely. This means no investment, no job growth, and stalled industry. It’s one reason the stock market is doing so well: People of means who have the scratch are trading assets, but nothing is making it down to we middle class working humps.
Democrat politics are premised on feel-good, well-intentioned ideas that fall flat when they intersect reality. Businesses will first protect their bottom line, period. It’s a delusion of liberal politics that organizational managers will accept smaller profits to adhere to regulations and not adjust their business model.
With this recent round of EPA regulations, that stark reality is hitting home.