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Menu Labeling: Another Job-Killing Regulation in ObamaCare

C'mon Man Wrote: Nov 25, 2012 8:47 PM
When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009. Three worsening recessions starting in 1969 were about to culminate in the worst of all in 1981-1982, with unemployment soaring into double digits at a peak of 10.8%. At the same time America suffered roaring double-digit inflation, with the CPI registering at 11.3% in 1979 and 13.5% in 1980 (25% in two years). The Washington establishment at the time argued that this inflation was now endemic to the American economy, and could not be stopped, at least not without a calamitous economic collapse.
C'mon Man Wrote: Nov 25, 2012 8:49 PM
Here's the kicker D-D

During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy.

In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.

C'mon Man Wrote: Nov 25, 2012 8:47 PM
All of the above was accompanied by double -igit interest rates, with the prime rate peaking at 21.5% in 1980.

The poverty rate started increasing in 1978, eventually climbing by an astounding 33%, from 11.4% to 15.2%. A fall in real median family income that began in 1978 snowballed to a decline of almost 10% by 1982.

In addition, from 1968 to 1982, the Dow Jones industrial average lost 70% of its real value, reflecting an overall collapse of stocks.

Problems in society are rarely solved by Washington bureaucrats yet they seem to have taken the adage, ‘if at first you don’t succeed, try, try again’ to heart. Accordingly, the government is addressing the nation’s growing obesity epidemic with a regulation: Section 4205, the menu labeling provision attached to ObamaCare meant to “aid consumers in selecting more healthful diets.” As currently written, however, the regulation will likely have job-killing effects and result in little, if any, significant reductions in obesity rates and/or improved health.

The provision requires chain restaurants with 20 or more locations, including franchises and perhaps some grocery...