Tea Bagger Recovery Plan Phase 2 Also Not Really Happening

Despite being trapped in a solid year of a tea bagger designed economic recovery that has yet to produce any significant drop in unemployment, the next thing Republicans say we need to do to put America back to work is to repeal regulations they say are hampering private industry.

Considering there are no more regulations today than there was 3 years ago when unemployment was much lower, their plan once again has no basis in reality.

From the AP:

Is regulation strangling the American entrepreneur? Several Republican presidential candidates say so. The numbers don't.

The anti-regulatory fervor was in evidence Tuesday night in the latest GOP debate, but rhetorical flourishes, on that and other issues, masked far more complex realities. [...]

Labor Department data show that only a tiny percentage of companies that experience large layoffs cite government regulation as the reason. Since Barack Obama took office, just two-tenths of 1 percent of layoffs have been due to government regulation, the data show.

Businesses frequently complain about regulation, but there is little evidence that it is any worse now than in the past or that it is costing significant numbers of jobs. Most economists believe there is a simpler explanation: Companies aren't hiring because there isn't enough consumer demand.

It just sounds cool to argue that Obama is a socialist for wanting to grow the public sector and for hampering private industry with job killing regulations.  Sounds cool, just not actually happening.