Business Finds an Upside to Katrina

Posted: October 3rd, 2005 by Militant Libertarian


Hurricane Katrina is a godsend for the business community, which long has sought to unravel government regulations. The federal government has used the hurricane-relief effort to relax trucking regulations, to suspend costly requirements under the Davis-Bacon Act that sets higher wages on government contracts, and to lift provisions under the Jones Act allowing only U.S.-flagged ships to carry goods from port-to-port in the United States.

Labor unions are screaming. But the Heritage Foundation, which has the ear of White House deregulators, is lobbying for more, contending that President Bush hasn’t been aggressive enough in cutting red tape and providing broader regulatory relief that would speed rebuilding New Orleans.

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