Can We Blame Biden-Harris for This Big Red Tape Problem?

Can We Blame Biden-Harris for This Big Red Tape Problem? www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Red Tape Nation. I've written about this quite a few time,
talked about it often here on the program, and we
are we love small business. That's what the Watchdog on
Wall Street Show is about. Our clients at Markowski Investments,
so many of them small business owners around the country.

(00:38):
And you know, we know because we're small business too.
All of the rules and regulations that are constantly thrown
at small business owners and how difficult it is. It's
like a minefield. It's like a minefield, and if you're
not careful, extremely careful, you could step on a mine
and you could get a massive fine, you could lose
your business, your costs go up, whatever it may be.

(01:01):
And who bears the brunt for these costs? We the people.
The Biden Harris administration has put in nearly one point
seven to eight trillion dollars worth of rules since January
of twenty twenty one. Get get your arms around that

(01:23):
one point seven eight trillion. Now Obama is a big
regulator too, but over the same period of time he
put in four hundred and ninety billion in regulations. Trump
same period of time three billion. Get your arms around
these regulatory costs. Okay again again you want to call it.

(01:48):
It's not inflation, inflations and monetary issues, but it raises
the price prices of everything. It's regulatory costs. These costs
get passed on down to you. So when you see
Kamala talking about price gouging and grocery stores and no, no,

(02:08):
it's regulatory costs, it's input. There's a myriad of things.
This is one of the things that we have to
deal with as small business owners. And the reality is,
what do you have to do. You've got to pass
it on down to your customers, to your clients until
you get to a point in time where again it's

(02:28):
not even worth being in business anymore. And you don't
know how many times I've had that conversation with entrepreneurs
over the years. Think about entrepreneurs. They end up being
serial entrepreneurs. They're always looking at opportunities, businesses, ideas, whatever
it may be. How many times are just like they
look at something they say, you know, we could do it,

(02:49):
but is it worth it? I got so much red tape,
so much regulations. Is the aggravation really worth what I'm
going to make? Because again, thing about entrepreneurs is again,
they tend to be serial entrepreneurs. They tend to be
serial optimists. And the one thing that will bring an
entrepreneur down is ridiculous government regulations and red tape. You

(03:16):
want more of it? There, you go go to the
polls today and you can vote for more of it.
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