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| More cliffs for transportaton?Photo credit: Wikipedia |
I admit the last thing you want to see the day after Christmas is the phrase 'Another fiscal Cliff'. I really have not given the term fiscal cliff deep thought. Does it mean a cliff where there is no point of return and the whole economy is going to be smashed down at the bottom of a giant financial waterfall. Or is the fiscal cliff just one more challenge that we will deal with and overcome as Americans, like we have the past four years.
Regardless, I don't want to go out of my way to go over another one.
I read an article in an online publication about the continued and neverending regulation of truckers, towers, carhaulers, and other transport businesses. I thought it was the wrong time in 2010 to levy extra costs on the economy through regulation and requirements. These costs were absorbed and the whole industry has had a sluggish recovery at best.
Now I think another round of regulation costs could be catastrophic to the transportation industry and the economy. There is only so much it can take and once the industry is reduced o financial ruin, it is unlikely it can recover very quickly. I think we should postpone the regulation for a while and move away from the edge of bad financial judgement and timing.
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