The Domino Effect of Obama's Regulations
12:09 PM, Aug 9, 2011 • By DANIEL HALPER
The Washington Examiner's Philip Klein reports today on one of the many ways in which the Obama administration's regulatory policies are hurting small businesses, creating additional uncertainty in the economy, and generally killing jobs. Klein writes:
Obama's fiscal policy notwithstanding, the regulatory burden this administration has placed on small businesses is overwhelming many of them. As Klein points out, a lot of the big corporations that the administration targets with these regulations completely miss the mark and end up saddling small business owners like the people who own Domino's franchises. Klein quotes one franchise owner who worked his way up from his job as a pizza delivery boy in the 1980s to owning four Domino's franchises in Maryland. The franchises average about 40k a year in profit. The new menu regulations could cost as much as $4,700 a year to maintain the new menus. "There are so many different things that I have to do right now that are just completely unnecessary that take away from our profits," the franchise owner tells Klein. "When does it end? When does this stuff end? Just give a small business guy a break and let me take care of my customers and take care of my people."