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November 1, 2011

Why We Can't Do Big Things Anymore

David Holt, Daily Caller


AP Photo

At a recent campaign event, President Obama said that the United States “became an economic superpower because we knew how to build things.”

He went on to list the Hoover Dam and the Golden Gate Bridge as monuments to America’s capacity for greatness. Yet somewhere along the line, the ability to complete massive public works projects ended. “When did that happen?” the president asked.

It’s impossible to pinpoint exactly when it happened, but we all know why it happened, and it has nothing to do with our capacity for innovation. The culprit is a labyrinth of increasingly complex and confusing federal regulations.

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TAGGED: energy projects, government regulations, EPA regulations, Keystone XL pipeline, Alaska, Gulf of Mexico, deepwater drilling, offshore oil drilling, energy sources

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