Minnesota Democratic Congressman Keith Ellison told MSNBC that government regulations actually create jobs. As with most Democratic contentions about government job creation, this one involves a touch of magic, some sleight of hand, and, preferably, a massive stroke to remove whatever portions of your brain still operate on logic. Much like the often rolled out Democratic mantra that unemployment spending is the most stimulative form of government spending, this Olympic leap of logic requires a suspension of disbelief that borders on expulsion.
Maybe if we regulate the living crap out of everything, we can reach full employment! We'll have three government agencies cross-regulating every industry, made up of an average of 600 staff per agency. Employers will hire 60 people to deal with the massive regulations for each individual company in each industry. So we have, at some point, millions of people no longer employed, though they don't actually produce anything, nor do they add value to the products of industry. The cost of employing them are passed on to the few remaining productive members of society through taxes and higher costs for the regulated products. The costs of products will skyrocket and some products will eventually be phased out as a result of the inability to comply with regulations, despite being just as good as the more expensive products, and often better. Again, while millions of employed people aren't adding any value to society, the growth of wealth slows to a snails pace. The gap between rich and poor widens as the rich invest in material goods that will retain their value while the poor are reliant upon a dollar that has less and less value as the government stretches dollars between more and more people and the costs of goods are pushed up.
Wait, this is starting to sound familiar.
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