Government takeover
Cry Wolf Quotes
This is a terrible signal to send. It just interferes with the workplace. This should be left to employers and their workers….[How can employers ensure that workers are properly taking time off?] How do you police any of that? What is an employer going to do, set up a whole office to audit this stuff?
I do not see that it is the function of Congress to tell me whether I shall take a straight loan or whether I shall take an amortized loan. It does not make any difference to me whether you tell it to me in blunt terms through officials here in Washington, or whether you so rig the financial market that I must steer the course that you lay out for me. I do not think that we ought to expect such legislation from legislators who represent a party that stands for initiative, for the rights of the States, and the rights of the community. I do not think we are going to get it from them.
They say, ‘Well, this is a failure of the markets. Oh, this is about greed on Wall Street.’… the problem here is government intervention in the free markets. 1995, when Bill Clinton decided to tell, you know, [then-Treasury Secretary] Robert Rubin to rewrite the rules that govern the Community Reinvestment Act and push all these institutions to lend to minority communities, many were very risky loans. That was a noble idea, perhaps, but that certainly wasn't following free-market principles. This big pressure on institutions to dole out money and these risky loans started this whole ball rolling at Fannie and Freddie.
[The FMLA] is an unprecedented, inflexible, Government-mandated employee benefit that will strangle both individual and employer flexibility in addressing workplace needs….Government mandates…do not contribute to economic recovery and growth. Resources spent to comply with Federal mandates cannot be spent to create jobs. These mandatory costs on business are not good for the economy as a whole. Employers must be free of the same kind of rigidities that have plagued the economies of many nations in Europe.
