On Tuesday, my dad and I stopped by a place where you buy soil in bulk. Topsoil, ground bark, gravel, they had it all, along with a single dump truck they used to deliver large orders to big projects. The owner told us that the truck was a 2001 model. The EPA had recently told him that the truck needed to have a completely new engine because the current engine's emissions were too great. The cost of replacing the engine was going to be $70,000.
EPA regulations, not high interest rates or onerous taxes, were going to cost him $70,000 to replace a perfectly good engine on a perfectly good truck. The guy sells dirt for a living. Where's he going to get $70,000? Meanwhile, in China and India, hundreds of thousands of far dirtier engines were pouring emissions into our common atmosphere.
The EPA was going to force him to spend $70,000 in exchange for absolutely nothing.
Ben Bernanke is going to print $600B to save the economy. The Republicans are going to give you a couple hundred dollars in tax breaks to save the economy. God only knows what Barack Obama thinks he's doing to save the economy. Meanwhile, a guy who sells dirt was getting a pointless $70,000 engine replacement shoved down his throat by a bureaucracy that didn't even know he existed.
You know all those entitlements we love? Who's going to pay them when this guy goes out of business?