The empire of compliance is, at last,
falling apart
Posted By: Garnet, 2/17/2022 2:53:49 PM
When people complain about “compliance costs,” they’re usually lamenting hundreds of billions of dollars spent unproductively by businesses forced to deal with ever more red tape. It hinders growth and undermines prosperity. Every hour spent on compliance is an hour stolen from creativity and productivity. Banks have spent $50 billion more on compliance in each of the 12 years since the Dodd-Frank Act became law in 2010. Small businesses lose 3.3 billion hours and $64.6 billion annually meeting demands made by Obamacare. This is vast financial damage and lost opportunity. Yet America’s compliance culture is surely even more corrosive to our general thriving — to can-do optimism,
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The bombshell revelations filed late last week by Special Counsel John Durham, and ignored by most of the mainstream media, could have profound implications on Americans' ability to trust our institutions.
It's significant that the Durham filing further confirms what so many voters already suspected – that President Donald Trump was right about his opponents infiltrating his private information, and that Hillary Clinton's campaign consistently lied to the American people. But beyond those obvious top line revelations, there are even more sweeping implications that threaten to undermine the Biden Administration, the Democrat Party, and our country for years to come.
When people complain about “compliance costs,” they’re usually lamenting hundreds of billions of dollars spent unproductively by businesses forced to deal with ever more red tape. It hinders growth and undermines prosperity.
Every hour spent on compliance is an hour stolen from creativity and productivity. Banks have spent $50 billion more on compliance in each of the 12 years since the Dodd-Frank Act became law in 2010. Small businesses lose 3.3 billion hours and $64.6 billion annually meeting demands made by Obamacare.
This is vast financial damage and lost opportunity. Yet America’s compliance culture is surely even more corrosive to our general thriving — to can-do optimism,
President Joe Biden on Tuesday said he put a "dead dog" on the doorstep of a woman with different political beliefs while he served on a county council.
"And I represented a middle-class district to a working-class district, but there was one very wealthy neighborhood," he told the National Association of Counties conference in an introduction to the dog story. Biden served on the New Castle County Council in Deleware for two years in the early 1970s.
"I got a call one night; the woman said to me — obviously not of the same persuasion as I was, politically — called me and said, 'There’s a dead dog on my lawn.'"
Americans are growing increasingly pessimistic about the current state and future of the country as the political phenomenon of misery takes hold, presenting problems for President Biden and Democrats ahead of this year's midterm elections.As the national mood becomes gloomier under the Biden administration, a useful indicator for measuring economic pain has resurfaced after years of dormancy: the so-called misery index.
Created by the late economist Arthur Okun, the misery index became widely known in the 1970s and early 1980s during the presidencies of Jimmy Carter and Ronald Reagan. It adds together two measures of economic pain — the unemployment rate and inflation for consumers —
There is almost unanimous consent among polling organizations at this point that Joe Biden’s support, even among members of his own party, has been “collapsing across the board.” It’s gotten bad enough that significant percentages of Democrats, to say nothing of Independents and Republicans, have told pollsters that the first year of Biden’s presidency has simply been a “failure.” But does that mean that it’s too late to turn things around? Not in the analysis of Douglas Schoen at The Hill. While not sounding overly optimistic, he does believe that the Democrats can still turn the ship around ahead of the midterms and restore the nation’s confidence in this administration
Yes we do … but does the White House? Do Democrats? Ron Klain tried to slough off inflation as a “high-class problem” in October, but the Washington Post rightly features its corrosive effects on the working class today. The reduction in buying power, especially in housing prices, has lower-income Americans in “survival mode”:
Lower-income workers like Rodriguez have seen some of the fastest wage growth of the pandemic era. But those gains are being eroded by the highest inflation in 40 years, and Rodriguez’s paycheck doesn’t go as far as it used to. A mother of three, Rodriguez has to budget $200 a week for child care
As has been widely reported, the Bureau of Labor Statistics (BLS) released the latest inflation numbers last Thursday, and they were ugly. The Consumer Price Index (CPI) rose 7.5 percent during the 12-month period ending in January, its largest one-year spike in 40 years. This dwarfs the inflation rate of 1.4 percent that President Biden and the Democratic Congress inherited in January of 2021. BLS also reported that real earnings decreased 1.7 percent from January 2021 to January 2022. All of this is directly attributable to the incompetent economic policies of the Biden administration and wild spending by congressional Democrats in the midst of a supply chain crisis.
The good news for Joe Biden in today’s CNN poll: his job approval got above 40%. The bad news is that there are nearly no undecideds when it comes to his performance as president. Biden hits a high of 58% disapproval in the latest CNN survey and gets a -17 gap in approval that manages to outstrip his already-pathetic RCP aggregate gap.CNN’s data provides the real takeaway, which is that Biden’s confidence-crisis cascade has accelerated rather than slowed:
Nearly 6 in 10 Americans disapprove of how Joe Biden is handling his presidency, with most of that group saying there’s literally nothing Biden has done
House Dems break against mask mandate
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It’s been one of the greatest sources of tension between House Republicans and Democrats for a year now: a chamber-wide mandate requiring lawmakers to mask up before they vote — and steep fines if they refuse.
But now some House Democrats are following the lead of Democratic governors, calling for an end to mask mandates — even as their party imposes one in the House chamber. Charges of hypocrisy are in the air.
Last year, House Democrats enacted new rules that fine offenders (namely protesting Republicans) $500 the first time they fail to mask up, and $2,500 per infraction after that.
We can understand if Dr. Anthony Fauci, the uber-scientist who knows it all, did not enjoy his Monday coffee as he opened the morning newspapers. Three thousand miles away, Big Tech social media cops who now control with an iron hand every American conversation in the public square (no differently from Mukhabarat police organizations of the Middle East) were similarly having a bad start to the week.
Gov. Philip Murphy of New Jersey, a liberal Democrat in one of the bluest states, had just announced a return to a life of normalcy. Students, teachers, and employees in state schools would no longer be required to wear masks.
End of the road for malicious lockdowns
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Is a modicum of sanity about to reassert itself regarding the Wuhan Flu? Are the people finally exhausted by their panic over the Fauci-altered coronavirus? Remember those little bulletins that Mike Pence carried around, enjoining us all to to take “fifteen days to stop the spread”? I think we’re at about day 750 now.
New York restaurants and many cultural emporia demand that you produce your papiers (it sounds better in German) — identification plus an image attesting to your “vaccination status” — in order to enter. Some are even requiring proof that you’ve had a “booster” jab. Pfizer likes that.
Yesterday, Allahpundit pointed out one of the early cracks in the blue wall of support for mask mandates, particularly in public schools. New Jersey’s governor seemed to be ready to throw in the towel and stop fighting public sentiment on the issue. Well, shortly after that, the push to put an end to the mandates appeared to start spreading faster than the Omicron variant. Three more blue state governors joined Phil Murphy in saying that mandates would be coming to an end either this month or in March. Oregon, Connecticut, and Delaware jumped on the bandwagon, with the governors of those states sounding suspiciously like the protesters
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Experts are warning that an increase in buried bodies as a result of the COVID-19 pandemic could be having an impact in the environment. In the U.S. alone, the number of people who have died with COVID-19 exceeded 900,000 this month and the number is increasing all the time.
Around the world, the death toll is over 5.8 million according to the World Health Organization (WHO), though some estimates of excess mortality—a measure comparing all deaths recorded with those expected to occur—have put that figure close to 20 million.
What this means is that burial facilities have faced unprecedented pressure as they attempt to allocate space and resources to store the bodies
Democrats are beginning to want change in the White House, whether it is a new strategy since the administration has minimal accomplishments or new top staffers surrounding President Joe Biden.
While Biden’s poll numbers are falling — recently receiving his lowest approval numbers at 33 percent — it appears that he is failing on the political front, according to a recent report from NBC News. The report stated that the president’s message isn’t resonating with Americans. His party’s chances of keeping their congressional majority are slim, his Build Back Better plan is dead, he failed at fixing the Chinese coronavirus, and inflation is on the rise.
SMETHPORT, Pa. — Some Democrats here in rural Pennsylvania are afraid to tell you they’re Democrats. The party’s brand is so toxic in the small towns 100 miles northeast of Pittsburgh that some liberals have removed bumper stickers and yard signs and refuse to acknowledge their party affiliation publicly. These Democrats are used to being outnumbered by the local Republican majority, but as their numbers continue to dwindle, the few that remain are feeling increasingly isolated and unwelcome in their own communities. “The hatred for Democrats is just unbelievable,” said Tim Holohan, an accountant based in rural McKean County who
Surgeon General Dr Vivek Murthy has tested positive for COVID-19, he announced in an 11 tweet Twitter thread Friday. His wife, Alice, and five year old son are infected as well. The news comes days after he revealed that his four year old daughter had contracted the virus.
'Update: my 5 year old son, my wife Alice, and I have all tested positive for COVID-19.(Snip)Biden's top health official wrote a seperate, eight tweet thread, about his daughters infection earlier this week, where he clamored for regulators to approve Covid vaccines for young children.
Four Senate Republicans failed to show up to vote on an amendment that would have defunded President Joe Biden’s remaining vaccine mandates, thus ensuring its failure.
The Senate voted on Sen. Mike Lee’s (R-UT) amendment to the continuing resolution (CR), which would defund Biden’s remaining vaccine mandates. The measure failed 46-47, with Sens. Mitt Romney (R-UT), Jim Inhofe (R-OK), Lindsey Graham (R-SC), and Richard Burr (R-NC) failing to show up, depriving Senate Republicans a potential majority to pass the amendment to the CR.
The beleaguered Black Lives Matter Global Network Foundation has been kicked off Amazon’s charity platform for its failure to disclose where tens of millions in donations it received nearly two years ago have ended up. AmazonSmile, which gives a portion of eligible purchases on the online shopping site to charities, said it “had to temporarily suspend” the group today, an Amazon spokesperson told The Post. “States have rules for nonprofits, and organizations participating in AmazonSmile need to meet those rules,” the spokesperson said. “Unfortunately this organization fell out of compliance with the rules in several states, so we’ve had to temporarily suspend them from the program until
Hillary Clinton — the definition of insanity
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No, no, no, no, no. Dear God, no.Hillary Clinton is seriously mulling a run in 2024. There’s simply no other way to interpret her speech at Thursday’s New York State Democratic Party Convention.Like the Tracy Flick she is, Clinton could barely make it through name-checking Gov. Hochul before eagerly leapfrogging into national politics. Apologies to Tracy Flick. At least she knew how to win an election.Not enough that Hillary carpet-bagged her way into a New York State Senate seat, itself a pretext for her first failed presidential run.
The Canadian government is issuing warnings to anyone involved in the massive anti-mandate protests, saying that in addition to freezing bank accounts and towing their trucks, they can confiscate pets as well.
A tweet from the official account for Ottawa’s by-law and regulatory services read, “Attention animal owners at demonstration: If you are unable to care for your animal as a result of enforcement actions, your animal will placed into protective care for 8 days, at your cost. After 8 days, if arrangements are not made, your animal will be considered relinquished.” According to tweet, the law applied to animals that were left without
Joe Biden got lost and claimed he once was a lifeguard on Lake Oswego in New York. The problem is there is no such place. Biden’s just keeps making things up not realizing how demoralizing this is for his Administration and the country. During a speech yesterday, Joe Biden shared that he once worked as a lifeguard on Lake Oswego when talking about New York. The problem is there is no Lake Oswego in New York.There is a Lake Oswego in Oregon but there is no evidence Biden worked there. He’s probably never been there.
Treasury Secretary Janet Yellen has admitted soaring US inflation is 'not acceptable'—then insisted the American economy would be even worse were it not for the very spending by the Biden administration that has been blamed for soaring prices. Speaking to AFP, Yellen said of the rise in cost of living—which hit 7.5 per cent last month: 'Inflation is clearly a great concern to Americans, and it really needs to be addressed. 'Certainly it's not acceptable to stay at current levels.' Her words were in marked contrast to Joe Biden's, who has repeatedly insisted that surging inflation figures are 'elevated,' and a temporary phenomenon. Yellen—who is America's first female
Hillary Clinton claimed accusations her campaign spied on Donald Trump are a 'conspiracy' tied to his mounting legal issues and slammed Republicans for backing 'coup plotters' and pushing the 'big lie' in her major comeback speech in New York on Thursday. 'We can't get distracted, whether it's by the latest culture war nonsense, or some new right wing lie on Fox or Facebook - by the way they've been coming after me again lately in case you might have noticed,' Clinton told the New York Democratic Convention in response to special counsel John Durham's filing over on Friday. 'It's funny, the more trouble Trump gets into
So far, Justin Trudeau’s invocation of the Emergencies Act hasn’t yielded any overt scenes of state power; no clouds of tear gas or columns of troops being marched into the capital. But it’s very different story within the Canadian financial sector. One of the most far-reaching implications of the Emergencies Act is what it prescribes for the Canadian financial system. According to the government’s new Emergency Economic Measures Order, every single bank, credit union, investment broker and insurance provider in the country has been deputized to figure out if they have a blockader as a client, and to immediately freeze their accounts if so.