Politicians in both parties find it hard to resist the temptation to enact quick-fixes to headline-grabbing problems just so they can tell voters that they have been doing important stuff for them. The quick-fixes seldom fix anything and create new problems of their own, but how many voters know?
The masterful Bruce Bartlett discusses that phenomenon in this column. Specifically, he’s talking about the Sarbanes-Oxley legislation that Congress passed and Bush signed to deal with corporate fraud. As it turns out, there is a lot of cost and almost no benefit to the morass of new requirements.
Repeal it? Are you kidding?
