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Showing posts from September, 2015

Obama Administration's Regulation Strangulation Wreaks Havoc

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One would think the rising demand for trucking which has driven industry revenues up to $700 billion last year, would be a boon for fleet owners like Jim Burg of Warren Michigan. Thanks to crippling federal regulations, that is not the case. New regulations on emissions, and rules that limit driver hours on the road have driven up cost for truckers.  Hundreds of smaller trucking outfits with fewer than fifteen vehicles have gone out of business as they struggle to adapt to the higher cost. Others have been acquired by larger operators who have the deeper pockets to deal with the increasing expenses."I haven't grown in three years," said Burg. " I don't know what my cost are going to be in two years. Many trucking outfits are struggling to attract enough new drivers as cost increase, forcing many to pay signing bonuses. If that isn't enough, soon the Federal Motor Carrier Safety Administration will require all trucks to be equipped with electronic devic...

American Economics For Dummies...And Canadians

I recently read the below editorial from a very passionate but grossly uninformed Canadian liberal named Richard Brunt entitled: You American's Have No Idea how Good You Have it With Obama. Mr. Brunt's letter strung together a series of  disconnected economic tidbits which are in dire need of context. I must admit that I found the over zealous reception this letter received from the American left to be depressing although not surprising. There is so much in it to respond to however I'll do my best to educate our northern neighbor. You Americans Have No Idea Just How Good You Have It With Obama Many of us Canadians are confused by the U.S. midterm elections. Consider, right now in America, corporate profits are at record highs, the country's adding 200,000 jobs per month, unemployment is below 6%, U.S. gross national product growth is the best of the Organization for Economic Cooperation and Development (OECD) countries. The dollar is a...