Government Regulations?

Instead of accepting political talking points at face value, this blogger usually fact checks the raw numbers behind an issue or subject. One of the central themes of this election cycle is the negative impact of government regulations on job growth. Looking at the numbers released by the U.S. Bureau of Labor Statistics on February 3, 2012, considering the financial meltdown in 2008 was directly connected to the housing sector (subprime mortgage lending), it's no surprise the overall employment numbers in the construction industry remains one of the weakest segments of the economy. Read More...

The most interesting numbers released in this latest report are on page 6. If government environmental regulations are killing jobs, it's a bit curious that the overall employment numbers for the mining and logging industry are at the highest levels in more than 12 years:

"Since a low in October 2009, mining employment has expanded by 172,000, with 10,000 jobs being added in January (2012)."
~ U.S. Bureau of Labor Statistics

Additionally, since reaching a peak of 455,595 barrels in August 2006, how do Republicans explain the continued downward trend in U.S. imported crude oil and petroleum products under the Obama Administration?
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US licenses first nuclear reactors since 1978?
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Undoubtedly, there are too many government regulations. It would be refreshing for this blogger if the politicians, particularly the Republicans, would throw this avid blogger a bone and specifically pinpoint which regulations needs to be changed, dramatically altered or thrown out with the bureaucratic bath water.

When it comes to the rising price of gasoline, Americans need to understand that the emerging markets in China and India will continue to impact global oil supplies.
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