A common-sense way to check Obama's regulation mania
Examiner Editorial "Take federal regulation. In his State of the Union address, President Obama claimed he's "approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his." Obama was literally telling the truth. Since being sworn into office, Obama and his Cabinet appointees have approved 10,215 new regulations. President George W. Bush had approved 10,674 at the same point in his tenure. But there is much more to the story than the numbers. What Obama neglected to mention is that his regulations cost much more to implement."
"...."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." Major new regulations are those having compliance costs of at least $100 million. Those with lower costs aren't included in the 106."
Red Tape Rising: Obama-Era Regulation at the Three-Year Mark "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. Congress must increase scrutiny of regulations—existing and new. Reforms should include requiring congressional approval of major rules and mandatory sunset clauses for major regulations."
Hat tip to the California Chronicle
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