Businesses Face a Nightmarish Web of Federal Rules and Regulations

How Globalism Has Destroyed Our Jobs, Businesses And National Wealth (Excerpt)

July 14, 2011

The American Dream - ...The business environment in the United States has become incredibly toxic. Businesses in this country face a nightmarish web of rules and regulations and that is a big reason why so many businesses are choosing to leave this country.

In a recent article for Forbes, John Mariotti made a list of just a few of the bureaucracies that U.S. businesses must contend with on a daily basis….

• Medicare & Medicaid
• Social Security
• The Patient Protection and Affordable Care Act (Obamacare)
• Dodd-Frank Wall Street Reform and Consumer Protection Act.
• The Sarbanes-Oxley Act of 2002
• SEC–Securities & Exchange Commission
• FASB–Federal Accounting Standards Board
• GAAP–Generally Accepted Accounting Principles
• IRS–Internal Revenue Service
• FTC–Federal Trade Commission
• FDA–Food & Drug Administration
• FAA–Federal Aviation Administration
• FCC–Federal Communications Commission
• EPA–Environmental Protection Agency
• EEOC–Equal Employment Opportunity Commission
• FLSA–Fair Labor Standards Act
• NLRB–National Labor Relations Board
• Labor Management Relations Act (The Taft-Hartley Act of 1947)
• OSHA–Occupational Safety & Health Administration
• CFTC–Commodity Futures Trading Commission
• NFA–National Futures Association
• PBGC–Pension Benefits Guaranty Corporation
• ERISA–Employee Retirement Income Security Act
• NHTSA–National Highway Transportation Safety Agency
• CPSC–Consumer Product Safety Committee
• NIOSH—National Institutes of Safety and Health
• Employee Retirement Plans 401(k), 403(a) etc.
• IRA–Individual Retirement Account
• USPTO–U.S. Patent & Trademark Office
• ITC–International Trade Commission
• USTR—US Special Trade Representative
• ICE–Immigration & Customers Enforcement
• BLM—Bureau of Land Management
• MSDS: Material Safety Data Sheets

U.S. jobs and manufacturing infrastructure are being lost at an astounding pace, and they are not going to come back.

Jobs and manufacturing facilities are leaving this country at a blinding pace. Nothing is being done to stop this from happening. These jobs are not coming back and they are not being replaced.

Just consider the following statistics....

• The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.


• December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.


• United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.


• 2001, over 42,000 manufacturing facilities in the United States have been closed down.

So what are all of those workers doing today?

They are sitting at home trying to figure out what has happened to the once happy lives that they enjoyed.

Today, there are 6.3 million Americans that have been unemployed for more than 6 months. That number has risen by more than 3.5 million in just the past two years.

Right now, it takes the average unemployed worker almost 40 weeks to find a new job. There are not nearly enough jobs for everyone and the competition for the few job openings that are available is brutal.

Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

We have millions upon millions of very hard working Americans that are sitting around hoping that someone will give them a job.

But labor costs about 10 percent as much on the other side of the world so that is where all the jobs are going...