Cost of Obama’s 2012 Regulations: $236 Billion
January 18, 2013 | Filed Under Barack Obama, Budget, Business, Capitalism, Democrats/Leftists, Economy/Finances, Entitlements, Ethics, Free Trade, Government, Government, Corruption, House of Representatives, Jobs, Liberals, President, Regulation, Senate, Taxes, Warner Todd Huston | Comments Off
-By Warner Todd Huston
Despite Obama’s promise to cut unnecessary regulations, his administration issued $236.7 billion in new regulations in 2012.
According to a report by the American Action Forum, headed by former Congressional Budget Office Director Douglas Holtz-Eakin, the direct costs of the regulations force America’s businesses to waste 87 million man-hours to fill out regulatory paperwork.
Adding Obama’s 2012 regulatory costs to that of the rest of his first term adds up to a total of $518 billion in new costs forced onto an already anemic economic recovery.
This onslaught of new regulations comes even after Obama was celebrated for claiming he was going to be the regulation-cutting president.
Indeed, in 2011, Obama released a plan claiming he would cut regulations and reduce the burden on the business sector. Not long after, Obama operative Cass Sunstein praised Obama claiming that his plan would work “to eliminate unjustified regulatory costs and to reduce burdens.” Sunstein went on to say that Obama had done more to cut regulations than any president in recent history.
Sunstein was given one Pinocchio for his misleading claims and for good reason as Obama’s small cuts have been dwarfed by the increases.
American Action Forum says that the costs of regulations have “added tremendous costs to the economy” and finds that the year 2012 tops every year in the past twelve in “terms of final rule cost.”
____________
“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
For a full bio, please CLICK HERE.
Leave a Comment
If you would like to make a comment, please register to do so. I hate to do that but there are so many spam-bots out there that deleting spam comments would be a full time job if I were to just open it up for anyone without asking them to jump through a few hoops first.
You must be registered and logged in to post a comment. Anyone can register. No registrant's information is kept, used, or sold. CLICK HERE TO REGISTER
Social Networking
Help the Soldiers!
American Genius
Our Founding Ideas- The Declaration of Independence
- The Federalist Papers
- The U.S. Constitution
- Debates of 1787
- The Anti-Federalist Papers
- The Writing of John Locke
"Governments are instituted among men,deriving their just powers from the consent of the governed." Declaration of Independence July 4, 1776
Subscribe in a reader
Tweets by @warnerthuston
Recently Written
What THEY Say:
Foreign News In English
Click HERE for information
on my fedora collection.Antique Stetsons, hat history...
Contact Us
Email Publius' ForumArchives
| Blog: |
| Publius' Forum |
Topics: |
| Politics, News, Commentary |
