Costs will rise

Costs will rise

Cry Wolf Quotes

You call it a National Housing Act. I hope, if you pass this bill—God grant that you don’t, but if you do, I hope you will change it from ‘National Housing Act’ and call it ‘National housing bill’, with the accent on the ‘bill’; because the only possible excuse for calling this a housing act is that the home owners of the country are going to pay the bill, and they are going to pay in two ways. They are going to pay as home owners, and then they are going to pay again as taxpayers. There is not another excuse for calling this a housing act. You might as well call a savings-bank law a baby-fund law; an insurance law, a widows’ and orphans’ fund, as to call this thing a housing act, drawn in the interest of the home owner. If you want any other evidence of it, I will call your attention to the fact that every one of the nongovernmental witnesses who have appeared before this committee are either money-lending brokers—most of them were that—or they are the business men who make money out of home owners.

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Miss Marie L. Obenauer, Joint Chairman, Board of Governors of Home Owners’ Protective Enterprise, Testimony. Committee on Banking and Currency. Senate.
05/18/1934 | Full Details | Law(s): National Housing Act

Achieving a standard of [5 fibers] will cost millions of dollars and cause a significant number of American jobs to be shifted to foreign workers. Requiring a more stringent standard and requiring unnecessarily frightening labels can have a catastrophic effects on the very people OSHA’s and the industry are attempting to protect, without really solving the human problem.

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J.B. Jobe, Executive vice president of Johns-Manville Corporation, the largest asbestos mining company in the world.
03/16/1972 | Full Details | Law(s): OSHA's Asbestos Standard

Everybody agrees that carbon limits will force up electricity prices steadily far into the future. The disagreement is over how much the costs will go up….That is unnerving for Massachusetts, which now has the nation's highest electric power bills. However, the bigger impact could be on the cost to industries that threatens the loss of jobs.

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From “Ungreening Mitt Romney”, by Robert Novak.

The bill would, for instance, prohibit card companies from changing the rates they charge ‘at any time, for any reason.’ Translation: instead of a borrower’s interest rate varying up and down, it will just stay up. Or fees will rise, to offset issuers’ loss of pricing flexibility.

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Thomas Brown, Bankstocks.com.

Evidence