Washington has a major impact on much of what we do as real estatedevelopers and owners. Between EPA, OSHSA, EEOC, and otheragencies, there are numerous rules, laws, regulations to follow,many of which make no sense, and all of which cost us money. HowWashington functions also is a major issue for all of us as we needa functional government that operates within the law so at least weknow the rules. We now have a president who has changed the rule oflaw and the precedent of the constitution by making illegal changesto Obamacare and now to immigration laws. This is not a minor issuefor us nor for the country. We no longer know what rules may befollowed, created by fiat, or just outright ignored at the whim ofObama.
So what does this mean for CRE. First, it means a lot to allcitizens because we now have the imperial president who thinks ifhe does not get what he wants he can just change the laws to suithimself. He has already lost several cases in court where hisdisregard for the law was stopped. However now we have the makingof a true constitutional crisis, which is now before the SupremeCourt, despite he and Harry Reid packing the Washington DC Appealcourt to try to stop the overturning of a key part of Obamacare.The move by Obama to change immigration law has taken a greatopportunity he had to work with Congress for two years and toaccomplish some real immigration changes, and to clean up Obamacareand other laws. Now instead we have worse acrimony than ever, andmany in Congress who will be out to show Obama that Congress stillmakes laws, not him,. The result will be not much gets done on keyissues like tax reform.
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