BY FRANK HILL
Reprinted from Telemachus.com

Americans produce more regulatory paperwork than manufacturered goods. You heard that ‘torectly as they say (sometimes) in the South.

Americans spent enough time and effort complying with government regulations to total $1.8 trillion of our roughly $15 trillion national GDP. (Source: Small Business Administration)

During the same year, the entire American manufacturing industry made $1.7 trillion worth of: airplanes, cars, furniture, clothes, upholstery, widgets, gadgets, wingnuts, and Sidewinder missiles. (Source: U.S. Bureau of Economic Analysis, Industry Economic Accounts (2009))

This is why the current ‘debate’ (mud-slinging) by the Obama Administration over ‘out-sourcing’ and ‘Bain Capital’ is so maddening, mind-numbing and quite honestly, ‘dishonest’. Continue reading →