I can't hear you very well arm loans The broad push of U.S. policy over the past 50 years or so has been for big investment projects – both private and public – to take longer due to various approvals at the federal, state, and local level; to put in place an increasing number of labor regulations that take effect as businesses pass certain employee thresholds; to increase the prevalence of occupational licensing and similar state/local restrictions on competition (the local taxi rules that Uber is challenging are an example); and to favor certain sorts of spending and investment through the tax code (healthcare spending and housing are 2 of the most notable beneficiaries).