RSSPipe and Supply’s ex-owners tell why they were forced to sell
Ron and Marie Tipping last year sold the family business they had operated since 1977 as it became clear that the dragging economy and the weight of federal regulations were taking a toll on…
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COMMENTS
Commenting is not available in this channel entry.Hat Tip to Sen Steve King for “Employment Prevention Agency”. I’ll be stealing his comment as it should be made viral.
“Much of the blame for the high rate of unemployment lies with the conduct of the Environmental Protection Agency, or, as King termed it, the ‘Employment Prevention Agency.’ ” Rep. King, please provide some support for this…really, do you believe that? When natgas plummeted from $8 mBtu to around $2.50 I think that is called the Free Market.
“He pointed to the growing weight of regulations as forcing costs higher and requiring him to spend more on compliance than on the construction-related work the company did.”
This is a very shocking comment if it’s true. I hope Gary Harmon will follow up on this statement and provide some details on the source of the regulatory costs and why they were so much higher than (apparently) the company’s actual business.
However, I suspect it’s political rhetoric. If the business was so badly constrained, how did it find a buyer?