President Obama’s $488 Billion Regulatory Burden
The Administration has created $70 Billion in Regulations in 2012 Alone
As the mountain of regulations has grown so has the focus on the regulatory state, its impact on employment, investment, and “uncertainty.”
President Obama and his former regulatory advisor, Cass Sunstein, have
of course defended the Administration’s record. The President has even
authored four executive orders on regulatory reform and retrospective
review. After nearly four years in office, the President’s record on
regulations is up for review.Based on data from the Government Accountability Office (GAO) and regulations published in the Federal Register, the Administration has published more than $488 billion in regulatory costs since January 20, 2009 – $70 billion in 2012 alone.
Ignoring all non-“major” rules with costs in 2009, the regulatory tally still surpassed $61 billion. In 2010, counting only “major” rules, the regulatory bill rose to $160 billion in lifetime costs.
Regulations suck...or do they? I wonder how many industries have sprung up to deal with regulations? The only problem is that heavy regulations have driven industries to countries with lax regulations. If we really believed the excrement that the regulatory community is peddling, we would restrict imports from countries that don't enforce these regulations the same as we do.
ReplyDeleteDo we really need more regulations on the coal industry today??
ReplyDeleteWith 208 power plants scheduled for shutdown in the next year, will we experience brown/black outs next summer.
Is the EPA out of control?
Will all the new regulations on healthcare improve healthcare, make it mor affordable? Not likely is it.
Yes we do, no we won't, and no they aren't. New healthcare regulations will control unethical practices by the insurance industry. It will likely make health insurance more affordable.
DeleteYou kid yourself Mick. The new regulations will add cost to insurance as proven in the last 2 years. Nothing is free, BC pills, Physicals, Blood Pressure pills, etc. It's all added to the cost. Nothing in the 1000+ regulations added because of O care will reduce cost, only cost you more. The cost increases continue as the <26 year old on mommy and daddy's policy add to everyone's costs.
DeleteGovernment is a poor manager as there is no incentive to reduce any cost only get bigger.