Anyone who lives in California can tell you regulations are part of the reason it's so expensive to do anything here. You think that high speed rail line from LA to SF actually costs as much as they claim? That shit inflated out of control primarily because of all the permits and licensing and fees they had to deal with. Every time they gave a price estimate update the price has doubled and it was/is ridiculous.
I find it really funny when the same people who want the high speed rail so badly also don't see any issues with the rampant regulations and governmental fuckery.