If I were not traveling, I would likely write a lengthier piece on this topic, but did a kind of double-take when I read the first paragraph in this Wall Street Journal editorial:
Among the core assumptions of modern liberalism is that future regulations have no more effect on the economy than future taxes, as if expectations don’t matter and businesses don’t prepare now for their costs tomorrow. President Obama’s letter to John Boehner yesterday is a classic of the genre.
Emphasis added. When talking about the economy with liberal friends and acquaintances, I have often noticed how oblivious these interlocutors are to the cost regulations impose on businesses, particularly small ones.
Since the regulations serve a genuine societal interest (as defined by them), entrepreneurs would be eager to comply. And any burdens created by government rules would be all but inconsequential. Some liberals seem incapable of comprehending the costs of compliance.
UPDATE: Sonicfrog looks into one recent example of federal regulation run amok:
. . . lets look at something very close to my heart….. Guitars! The recent raid by the Feds on Gibson Guitars is kind of mind boggling! It’s not due to smuggling cocaine in guitar bodies or anything like that… It’s about WOOD!!!!
Read the whole thing. According to WSJ.com’s Political Diary (available by subscription), Gibson Guitars tend to conservative causes while rival Martin “leans Democratic.” Latter uses “same sources of wood”, but wasn’t raided. Wonder if we’ll see any coverage of these facts in the MSM.