More Regulations = More Jobs?

Note the federal government new hires to write and support new regulations in the last year and a half.  Unfortunately, notice how all the states have to implement these new regulations and the thousands of companies who have to comply aren't keeping up.  Maybe because the latter aren't able to print money to hire new people (or consultants).  They have to reallocate resources to meet these new requirements.  Hopefully, employees and dollars are being pulled from less beneficial activities.....

from Investors.com article