1. No. Corporations must be regulated; but the regulations must not be overly burdensome. The U.S. government regulations need to be reviewed, streamlined and improved, not increased. Poorly designed regulations make American businesses uncompetitive, and drag on our overall national economy. Over-regulation of corporations and business cost American taxpayers way too much money and they also inhibit competitiveness, initiative, ambition and innovation. Third party reviewers should be brought in to analyze the regulatory structure of the United States.
2. The insurance industry needs much heavier scrutiny and regulation. It directly impacts on “Life, Liberty and pursuit of Happiness;” the source of our national liberty and rights. Insurance is a utility and it needs to be universal; its regulations must be brought up to date for the benefit of the United States and its people.
3. The banking industry has consolidated into managed control by a small number of large corporations. These banks have oligopoly type tendencies and require extensive backing of the faith and credit of United States to operate; actions by banks can affect the overall national economy. Banking regulations must be thoroughly reviewed and up-dated to insure that they accrue to the benefit of the United States and its people.