Tag Archives: regulation

Intrusive Government

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President Joe Biden (D) wants to make climate change a matter of government regulation in our nation’s financial sector.

Calling climate change a systemic risk to the financial system, the White House will release a report Friday outlining its strategy for new rules that could affect investment disclosures, insurance policies and home loans.

And

[T]he US needs “a road map for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy.”

No. To the extent global warming (let’s stop hiding behind euphemisms) is a risk to our nation’s financial system, it’s a risk best handled by those who are actually expert in handling risk and the impact of risk to us citizens: our financial institutions operating in a free market, and us citizens making our own decisions regarding the risks each of us individually choose to run or not run and the impact of those risks on our individual lives.

Government can only make one-size-fits-all moves, whether nationally or regionally—it cannot tailor its moves down to the level of individual businesses, much less down to the individual.

Gina McCarthy, White House National Climate Advisor, rationalized:

This road map isn’t about protecting our financial system. It’s about protecting people, their paychecks, and their prosperity[.]

Again, no. This “road map” has nothing to do with that. In the first place, we don’t need protection beyond what we can, and should, do for ourselves in a free market. In the second place, it isn’t Government’s role to protect us from the vagaries of free markets; Government’s role is only to provide a stable economic environment in which our free market can operate. Government does that best with minimal regulation, minimal intrusion, into our markets.

Inconsistent, or…?

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Have vaccine proof, will travel.

The Biden administration plans to lift travel restrictions for international travelers…who will need to be fully vaccinated and show proof of vaccination.

No, it’s duplicitous of the Biden-Harris administration. Illegal aliens can stream across the border with or without vaccination, but honest travelers are restricted to proof of vaccination.

Dismissive Disingenuousness

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Recall that some Alaskan-harvested fish, 26 million pounds of them, had been stranded in eastern Canada, just a few hundred yards from American fish-processing plants, because President Joe Biden’s (D) Customs and Border Protection managers threatened $41 million in penalties on fish handlers if those fish moved down a 100 yard railroad line into Maine, as the Jones Act explicitly allows.

Biden’s CBP managers decided that those 100 yards didn’t satisfy the Act (or Biden’s and those managers’ whims) after decades of the ride having been entirely satisfactory.

Federal Judge Sharon Gleason issued a temporary injunction against those and any further CBP penalties, allowing the fish to move.

What’s telling about this incident, though, is this statement that the Biden-Harris administration argued in court [emphasis added]:

…an injunction wasn’t needed, because food supply chains had already begun to adjust. “Within days of CBP issuing notices of penalties in this matter the movement of Russian-origin frozen seafood from the Bayside facility began.”

Maybe this isn’t dismissiveness or disingenuousness. Maybe it’s more of the Progressive-Democratic Party’s collusion with Russia.

Anti-Business Anti-Freedom Left Strikes Again

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Their latest assault comes from left-of-the-west-coast Los Angeles.

The city of Los Angeles will begin requiring most people to provide proof of full COVID-19 vaccination before entering a wide variety of indoor businesses including salons, restaurants, gyms, museums, and theaters.

Alternatively, those with medical conditions that do not allow them to be vaccinated, or those with sincerely held religious beliefs that prevent them from being vaccinated, will be allowed to enter on presentment of a negative Wuhan Virus test done within the prior 72 hours (whose definition of “sincerely held?”). Never mind that the cost of such a test starts at $20 and that the median cost is $127. And you thought the costs at the theater concession counter were high. How’s that blowout or updo at the salon sound now? The testing requirement looks like it’s going to swamp that dinner out you thought you were going to enjoy with the family.

Notice, too, that many—most?—of the businesses in these categories are small businesses, mom-and-pop businesses, low margin businesses.

This isn’t only an assault on American businesses and American business owners, though: it’s also an assault on Americans qua Americans.

It’s a demand that we citizens give up our medical privacy and proclaim to the world what our medical status is, using only the Wuhan Virus situation—which is on the wane—as an initial step to expose all of our medical privacy.

It’s more than that, even. This vaccine mandate, and others like it, are a demand that we citizens give up an essential liberty—a liberty over which we’ve already fought one civil war—our control over our own bodies. It’s an essential liberty that the Left and its Progressive-Democratic Party are trying to take away from all of us this time, not just a minority which they held and hold in contempt.

Bank Experts Need Risk Management Advice from Government Bureaucrats

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Federal Reserve System Governor Lael Brainard actually said that with a straight face [Wall Street Journal‘s paraphrase]:

…financial regulators should direct the nation’s biggest banks to take new steps to manage climate-related risks as part of a broader effort to monitor potential hazards posed to the financial system.

She said this (quoted by WSJ) at last week’s conference at the Federal Reserve Bank of Boston:

Ultimately, I anticipate it will be helpful to provide supervisory guidance for large banking institutions in their efforts to appropriately measure, monitor, and manage material climate-related risks.

Yeah. Because finance businessmen, bankers, whose businesses live or die on their abilities, are incapable of understanding the financial risks to their businesses without the…guidance…of government bureaucrat/regulators.