National Association of Manufacturers (NAM)
Commentary
Cry Wolf Quotes
S. 1795 could extend the authority of government into a takeover of the functions of the marketplace. What the American public wants to buy, and at what price, would no longer be the guideline for American business. Instead, the manufacturer and the businessman would have to look first to Washington, rather than to the consumer.
…these bills grant extensive powers to the Secretary of Labor which permit of arbitrary application. For in proceeding under the law, the conclusion of the Secretary of Labor could not be upset by the courts, even if a company could prove that the jobs were not comparable, as long as the Secretary could show any substantial evidence that they were comparable.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
[The Fair Labor Standards Act] constitutes a step in the direction of communism, bolshevism, fascism, and Nazism.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
