Obama regulations crush New England fisheries, rich and well connected benefit, (natch)

But Our Dear Leader is for the 'little guy'.  Yeah, short, rich campaign contributors.  Here.  Money graf:

This is not an isolated incident. In those American fisheries that have been subjected to catch-share regulations (excluding recently affected New England), Food & Water Watch magazine found that only 37 percent of boats survived the transition.

New England’s fishing industry is similarly plummeting, despite being affected by the regulations for less than a year. In five months, over half of the Northeast’s fishing fleet had been lost.

The trend is likely to continue, as catch-share permissions are being consolidated into just a few, wealthy, well-connected hands. Of the 247 ground-fishing vessels (which catch fish that swim close to the sea floor) in New England that are still active, 55 boats accounted for 61 percent of the revenue.