The GOP has been yelling for a while now that the big bogeyman of the economy is (other than their taxes being too high) is to much regulation. They say this by pointing out the burden such regulation has on small businesses. It seems that the regulations that get the most noise are in banking, labor, and health care.
When one actually asks small business owners whether eliminating regulations would make their businesses boom, the answer is no. What they need is customers. Besides, sound banking regulations (for example) properly enforced would have prevented the current mess.
The list of most odious regulations does affect small businesses -- a bit -- but affect big corporations even more. Sounds like bait and switch.
Those big corporations are sitting on piles of cash. They could look at all these regulations, the ones mentioned above and others on environment protection, and seize the opportunity to innovate and stimulate the economy. Alas, too many like the status quo (with them on top).
PBS NewsHour has a pie chart showing the wealth distribution of the United States and the income distribution of Sweden. They're not comparing the same thing, though it is a visual reminder of how out of balance we are here.
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