Bureaucratic overreach
Cry Wolf Quotes
More money could be available for worker safety and health if we cut back on bureaucratic administration, because an OSHA/MSHA merger would end duplicative costs, duplicative employees and duplicative actions.
The CRA, by encouraging loosening underwriting standards, may have contributed to the massive increase in foreclosure rates.
There’s little doubt that the rating agencies helped inflate the housing bubble. But when we round up all the culprits, we shouldn’t ignore the regulators and affordable-housing advocates who pushed lenders to make loans in low-income neighborhoods for reasons other than the only one that makes sense: likely repayment… in 1995 the Clinton administration added tough new regulations. The federal government required banks that wanted 'outstanding' ratings under the act to demonstrate, numerically, that they were lending both in poor neighborhoods and to lower-income households. Banks were now being judged not on how their loans performed but on how many such loans they made. This undermined the regulatory emphasis on safety and soundness.
The most devastating indictment of the president’s proposal is that it threatens to destroy virtually everything about American health care that’s worth preserving. Under the plan’s layers of regulation and oversight, even seeing a doctor whenever you like will be no easy matter: access to physicians will be carefully regulated by gatekeepers; referrals to specialists will be strongly discouraged; second opinions will be almost unheard of; and the availability of new drugs will be limited.
