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New Obama rule could gag talk radio

It is indeed sad that 40 percent of millennials favor the government banning speech that some deem offensive, according to a recent Pew poll. 

Even more distressing is that college students have plenty of company with members of other age groups and professions who want to shut down speech they disagree with.

Take speech about personal finance. This is an area where there would certainly seem to be room for a diversity of opinion, given the complexity of the topic and differences in individual financial goals and circumstances. That’s why there is no shortage of books and radio and television shows with differing viewpoints about financial planning. 

If you don’t subscribe to what Suze Orman or others have to say, you can always read or tune in Dave Ramsey and even call into his radio show for advice.

At least, that is, for now. A growing group of regulators and financial professionals are declaring that financial advice, even if it occurs in a public forum, should be suppressed if they deem the advice “incorrect.” 

And they see a pending rule from the Department of Labor (DOL) as the perfect vehicle to make Ramsey and others who offer financial tips to the public zip their lips or face government sanctions. This rule could be as harmful to financial talk radio as the Fairness Doctrine was to political talk radio before President Ronald Reagan repealed that rule in 1987

A recent article in LifeHealthPro, a prominent online trade journal for insurance agents and financial advisers, calls for Ramsey to “be regulated and to be held accountable” by the government for the opinions he gives to listeners.

Click here to read more from Newsmax.

And click here to learn more about the only solution to federal overreach and abuse.