Business interests are vowing to fight
President Obama’s executive order imposing new restrictions on companies who
want to do business with the federal government. Obama announced the action this week,
ordering up new regulations that would require firms seeking federal contracts
to disclose labor law violations and create new compliance advisors at agencies
to oversee decisions about which firms get the work.
But contractors, already facing
executive orders requiring them to pay a higher minimum wage and subjecting
them to additional anti-discrimination rules, say the president went too far. “We are concerned these
sweeping changes threaten the due process rights of federal contractors and
conflict with existing federal procurement and labor law,” said Geoff Burr,
vice president of government for Associated Builders and Contractors. “ABC and
the federal contracting community across all industries are prepared to fight
this order in the courts and in Congress.”......Obama
stressed that companies without violations would be able to comply with the new
requirements by simply checking a box to attest that they did not have any
labor law violations.....To Read More......
My
Take - It amazes me how the most economically illiterate
Presidents have passed the most egregious economic and labor laws. Both Roosevelt’s were overwhelmingly active
in this endeavor and both of them were economic incompetents. Teddy lost this inherited money via bad
investments as did FDR, who had to live with mommy. At least they attempted to be good
businessmen, but Obama has never done anything.
How would he know whether or not “checking” a box is enough to comply
with the new regulations? He never had
to deal with any regulations as a community organizer, new or old. But like all anti-capitalists, he never saw a
restriction on business he didn’t like.
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