Old Rocks
Diamond Member
Romney was pretty clear that he understood the need for regulations. Just regulations that help. Most of our regulations are designed to destroy, not help.
What is needed are regulations that are clear, concise, and more importantly, written by people in the industry being regulated, who have training in the area being regulated, and not by lawyers and activists and administrators.
Most regulations are written so as to cover the ass of people doing the work. As long as they do the mountain of paperwork required they can point to it and say "look look!! I did all the paperwork, dont sue me!!!"
Regulations also need to come from a single oversight organization at one level. If the states regulate, cities and the feds should stay out of it. The same is for each level.
Finally older regulations need to be purged from the books, and not just be added on to by newer versions of regulations.
Oh sure. Regulations written by the people being regulated. That was how the debacle of 2008 happened.
Gotta love that 'let the states' do it. That is how we got credit card rates that go from 10% to 25% overnight for no reason other than the credit card companies profit. Time for National Usery laws.