You would think that Mitt Romney, as the former governor of a coastal state, would have a better handle on the fishing industry. For him to come out and say at a campaign stop in New Hampshire that the reason fishermen up there are having such a hard time earning a living is because of excessive regulation, not because the fish in that region are overfished, is either ignorant or disingenuous.
He told the crowd. “It’s a tough time to be in the fishing business in America. Not just in that industry, but in many industries, Small business has really felt like it’s been under attack over the last several years. [...] Across America regulators are just multiplying like proverbial rabbits and making it harder for enterprises to grow and to understand what their future might be.”
Considering the trajectory of his career path, it’s true that he probably understands regulation far better than he does scarcity.
But the facts are in, and overfishing is real and is getting worse.
- The worldwide fish catch has increased fourfold in the past 40 years
- As of 2006, some 1173 fish species were threatened with extinction, including the Atlantic Cod, the primary moneymaker for New England fishermen
- 80 percent of the world’s fish stocks are overexploited
- The world’s fishing fleet is growing faster than the amount caught
This last fact is important because it indicates that there are lots of fishing vessels now scouring the oceans for fish, making regulation difficult, but all the more necessary.
The truth is, Governor Romney knew this, but he chose to act as if he didn’t, since that fit in better with his overall theme of regulation being a job-killer. Never mind the fact that only 0.3 percent of all layoffs are traceable back to some kind of regulation, while those same regulations may, in fact, add more jobs elsewhere in the economy.
Click to continue reading »
CONTINUES »
Discuss This »
Recent Comments