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Study: Obama Is Top Regulator In US History

From the Heritage Foundation:

Red Tape Rising: Obama-Era Regulation at the Three-Year Mark

By James Gattuso and Diane Katz
March 13, 2012

Abstract [of the Heritage study]: During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This is almost four times the number—and more than five times the cost—of the major regulations issued by George W. Bush during his first three years. Hundreds more regulations are winding through the rulemaking pipeline as a consequence of the Dodd–Frank financial-regulation law, the Patient Protection and Affordable Care Act, and the Environmental Protection Agency’s global warming crusade, threatening to further weaken an anemic economy and job creation

In January 2011, President Barack Obama announced, with much fanfare, a new get-tough policy on overregulation. Acknowledging that “rules have gotten out of balance” and “have had a chilling effect on growth and jobs,” he pledged a comprehensive review of regulations imposed by the federal government. Despite this promise of restraint, however, the torrent of new rules and regulations from Washington continued throughout 2011, with 32 new major regulations. These new rules increase regulatory costs by almost $10 billion annually along with another $6.6 billion in one-time implementation costs

$10 billion dollars here and $10 billion dollars there, and soon you are talking about real money. This heavily documented Heritage study goes on for 16 pages (a pdf file).

But here are some highlights via the Fox News article on the study:

New Study Finds Obama Is ‘No. 1 Regulator’

By James Rosen
March 14, 2012

… Federal data marshaled in “Red Tape Rising,” a report by the Heritage Foundation, a conservative think tank in Washington, convey [a] starker picture of regulatory growth during the Obama administration’s first three years. Since January 2009, 106 new “major” regulations have been enacted, at a total estimated cost of $46 billion, plus almost $11 billion more in implementation costs.

This track record leads the study’s author, Heritage senior fellow James Gattuso, to label President Obama “the No. 1” regulator in American history.

Well, at least Obama has found one thing that he is good at.

The greatest number of new major regulations issued last year – a full dozen of them – sprang from the massive overhaul of the financial services sector known as “Dodd-Frank” …

The most expensive new regulations, however, emanated from the Environmental Protection Agency, which issued four “major” rules costing the U.S. economy an estimated $4 billion a year.

Spending outlays for the nation’s major federal regulatory agencies has grown with breathtaking speed over the last half-century – and under presidents of both parties. Such expenditures totaled $533 million under President Kennedy; reached $7.29 billion by the middle of Jimmy Carter’s on term in office; skyrocketed to $25.49 billion by the end of the 1990s; and are projected at $57.33 billion for the end of this year

Which just goes to show that Obama really is focused on jobs, after all. He is focused on killing them.

This article was posted by Steve on Thursday, March 15th, 2012. Comments are currently closed.

3 Responses to “Study: Obama Is Top Regulator In US History”

  1. Rusty Shackleford says:

    This also emphasizes the fact that the LSM is not doing its job. That is, it’s a heavy proponent in the nation’s move to socialism and a huge part of the propaganda machine, necessary for all socialist nations to survive, let alone exist.

    What’s amazing is they run around as if it’s everyone else’s fault but their own or have that innocent, or shocked look on their face when someone points out the facts. The real facts, that is, not the manufactured silly-putty “facts” that they come up with.

  2. River0 says:

    Everyone with eyes and a brain knows exactly what’s happening. Regardless of the Regime Media, people can still talk. Ronald Reagan won two terms without any media help at all. There was no Fox News in the 1980’s. Americans still had their souls then, and could think for themselves. Do we have our souls now, or have we been zombified?

    Does America still have its soul? Or are we going to take our beatings silently, day after day, like an old Russian serf in the time of the Tsars? The wreckage in our economy and national psyche goes on nonstop. “The times are piled high with difficulty, and we must rise with the occasion” (thank you Mr. Lincoln).

  3. GetBackJack says:

    There is a compilation of Regulations designed and enacted by Congress in the name of the people of the United States created to hedge about any who seek or attempt to issue by fiat undue Regulations and Laws.

    It is known as the Constitution of the United States of America.

    So, let’s all ask together – where is John Boehner? Mitch McConnell? Eric Cantor? Kevin McCarthy? Tom Price?

    (crickets)

    And so the Republic followed the charnel house history of France by empowering the rise of the Administrators, while the “loyal opposition” twiddled their thumbs looking forward to lucartive lobbying positions, unseemly speakers fees and the fat pensions we pay for.


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