Tuesday, July 31, 2012

Obama Outregulates Bush, Crushes Economy

Here are some figures to show how the Obama administration is choking the life out of our economy.

Look on these numbers as the tread pattern of the boot on our economy's neck, if you will.

In sharp contrast to historical precedent, regulators have been unleashed on businesses during President Obama’s tenure. In the first three years of the Obama presidency, 106 major regulations adding annual costs of $46 billion were issued. The data show that more than three times the regulations have taken effect across the Obama administration’s first three years than over the same period in the Bush administration, and those regulations have extracted more than five times the amount of resources out of the economy's productive sector than those issued under Bush. Not coincidentally, the length of the federal register has increased to more than 82,000 pages in 2010 and 2011.

The increase in the cost of federal regulations has been large enough to significantly impact the total regulatory burden across all levels of government. The 2012 Cost of Government Report found that Americans will work 69 days in 2012 to pay for the cost of all regulations. In each year from 2009-2011 it took 72, 71, and 71 days of work to pay for regulatory costs; those figures are dramatically elevated from the 53-54 days of work it took annually to pay for the costs of regulation throughout the Bush administration.
(emphasis mine, BB)

Read the whole thing and remember: anything government has done, government can undo.

We need some undoing in Washington something fierce.

No comments: