THERE OUGHTTA BE A LAW
“There has always been something uniquely brilliant about America,” said Mitt Romney at the University of Chicago yesterday. “I don’t believe this president understands this fundamental secret of America. And day by day, job-killing regulation by regulation, bureaucrat by bureaucrat, he is crushing the dream and the dreamers. If we continue along this path, our lives will be ruled by bureaucrats and boards, and commissions and czars.”
When I hear Romney and other Republicans and other businessmen complain about regulation, I am reminded of the first two minutes of Butch Cassidy and the Sundance Kid. where the outlaw Butch Cassidy cases out a bank to rob, and finds, to his sorrow and dismay, that once vulnerable bank has become fortified with locks, vaults, alarms and a guard, who explains why he was hired by the bank. “People kept robbing it.” he tells the thief.
Think about that. Who complains about laws? Outlaws!
“Regulation erodes our freedom,” says Romney. Yes–our freedom to rob, steal, defraud and scam.
Now wonder people say that Romney is not a conservative. He’s not. He’s an anarchist.
It’s pretty rich for Romney to complain about how regulation hampers the economy. We have just finished more than three decades worth of financial deregulation, and as much as anything, it was the elimination of conservative regulations and business practices that led to the mortgage fraud, the over-leveraging, the hidden markets in derivatives and so on that brought on and accelerated the financial collapse. The problem that has hampered our economy for the last four-plus years is a function not of regulation, but specifically of deregulation.
At one point in his speech, Romney hearkened back to America’s innovative past. “A regulator would have shut down the Wright Brothers for their ‘dust pollution.’ And the government would have banned Thomas Edison’s light bulb. Oh yeah, they just did.” Here he was speaking of new regulations that mandating new minimum performance of light bulbs. Well, for one thing, I’m sorry if the Wright Brothers would have been shut down, but I thought we all kind of agreed that health and safety standards were a good thing for workers; if Romney wants to run on a pro-black lung, pro-brown platform, well, I think he will have at long last found a position Rick Santorum can’t get to the right of. For a second thing, I doubt any inspector would have banned Edison’s light bulb for failing to meet an efficiency standard, given that Edison was establishing the efficiency standard. But is he against efficiency standards? How competitive would America’s car companies be if they were still producing the eight miles-per-hour Oldsmobile Toranado?
Nobody likes regulation. Anyone who has stood in an airport security line since 9/11 and thrown away a shampoo bottle understands how annoying regulation can be. Anyone who has put an addition on his house and dealt with local planning boards knows about dictatorial bureaucrats. We absolutely should get rid of stupid regulations, and it should be mandated that at least once a decade, every agency should audit its regulations with an eye towards eliminating and streamlining rules and procedures . The problem is that Romney and his ilk seldom point to actual stupid regulations. In this speech, he named an Idaho couple named Mike and Chantell Sackett who have run afoul of the EPA after making good-faith efforts to comply with the law (see this article). Well, if the EPA is in the wrong, it needs to be stopped; agencies needs to live within the rules, too. My friend Joe Plumeri, the head of the international insurance brokerage Willis Holdings, has pointed out how much his company spends complying with fifty different state insurance regulators, instead of one set of national regulations. That seems to be an excellent example of the pointless cost of over-regulation.
You want to complain to me about a specific regulation and why it should be changed or repealed? I’m all ears. You want to complain about how regulation hurts the economy? I’ll tell you to go talk to the people who invested in or worked at Enron or AIG or Lehman Brothers. I wonder how they feel about regulation.




In my interview with Robert Redford for Parade, the noted environmental activist had some pointed words about the current state of the environment:
On his hopes for the future.
Thanks to good luck and good connections, I got to write not one but two articles about The Conspirator, the new firm opening this week about the trial before a military tribunal of Mary Surratt, one of the alleged conspirators who joined with John Wilkes Booth to kill Abraham Lincoln and attack other high government officials.
this post-Civil War period, when anger and grief over LIncoln’s assassination drove the government’s handling of the prosecution of the conspirators, and our current moment, when similar feelings about 9/11 seem to have dominated administration policy:
Rocky, Raging Bull, Cinderella Man, Million Dollar Baby: I’m not so crazy about boxing, but I love boxing movies, David O. Russell‘s The Fighter is one of the best, because, like the other great ones, it’s less about the pugilism than it is about the people. The fighter of the title is the promising but aging perpetual underdog Irish Micky Ward, but the film is not only about him: it’s about his lost, crack-addicted brother Dickie; Micky’s flinty girlfriend Charlane; his tough, exploitative mother; his tribal, “flying Irish” sisters; and the whole dismal, declining, prideful town of Lowell, Massachusetts. The film is full of great performances from Christian Bale, Melissa Leo and Amy Adams, and most generously, from a restrained Mark Walhberg, who appropriately underplays the stoic, internalized Micky, and allows the peacocks around him to strut, but without ever yielding his centrality. Well written, directed, and performed; excellent choice of music, too: Russell uses familiar songs like Heavy’s “How You Like Me Now” and Poison’s “Here I am Again” in ways that make them seem fresh, like revelations. Between his performances and his very smart choices as a TV producer (Entourage, Boardwalk Empire), Walhberg has established himself as a Hollywood power.
Ginny and I had the pleasure yesterday of going to the Jacob Burns Center and not only seeing The Way Back, the new film by Peter Weir, but also hearing the great Weir talk about the movie in an interview with Janet Maslin. The Way Back is a fictionalized version of The Long Walk, Slavomir Rawicz‘s 1956 memoir of his escape from a Russian Gulag during World War II. In the film, six prisoners break out of a prison camp, and walk out of the Siberian wilderness, across the Gobi desert, and across the Himalayas. Some of them reach freedom in India. The film stars Jim Sturgess, Ed Harris, Colin Farrell, and Saorise Ronin.
although he was attempting to get other projects off the ground in the meantime. He said he is drawn to stories of survival, and to the different “survival styles” exhibited by the various characters. The film is highly naturalistic, and that is one of its great strengths. Weir said he deliberately avoided Hollywood conventions in the storytelling; that often works well for him, but it does lind of leave you with a big chunk of movie that is about walking, pain and hunger. Still, weir made the film he wanted to make, and I always admire that.