Regulation Nation: New study finds Obama’s regs cost $46 billion a year
Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.
Ironically, Bush instituted more regulations, 10,674, but they cost just $8.1 billion annually, said the Heritage report, titled “Red Tape Rising: Obama and Regulation at the Three Year Mark.” It will be released Tuesday.
The analysis backs ups complaints from the U.S. Chamber of Commerce and other business groups that the president’s regulations are stalling the economy and employment growth. It also calls into question Obama’s promise to put the breaks on new regulations and his State of the Union bragging about issuing less red tape than Bush.
The fact is, said Heritage’s review, hundreds more costly regulations are coming, especially those targeting energy companies and Wall Street. They threaten “to further weaken an anemic economy and job creation,” said Heritage’s James Gattuso and Diane Katz.
While there is no central agency that collects regulation information, Katz and Gattuso mined the Federal Register and other government databases to get their numbers. What they found was that while Obama has bragging rights to claiming he’s put into place fewer regulations than Bush, his cost far more.
The $46 billion price tag calculated by Heritage is staggering, as are those hitting the economy the hardest. Just consider the regulations tagged as “major” for costing $100 million or more. Obama’s team issued 106 on private industry since taking office, compared to 28 by Bush. Last year alone, Obama’s administration issued 32 major regulations impacting everything from clothes dryers, to toy labels.
Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, which added five major rules costing $4 billion. Among them, stricter limits on industrial and commercial boilers and incinerators, for a cost of $2.6 billion annually for compliance.
The regulations are also hitting workers through higher fees on items such as checking accounts.
“While the president cannot have it both ways: having identified over-regulation as a problem, he must take real and significant steps to rein it in. At the same time, Congress--which shares much of the blame for excessive regulation--must establish critical mechanism to ensure that unnecessary and excessively costly regulations are not imposed on the U.S,. economy and Americans,” said Gattuso and Katz. “Without decisive steps, the costs of red tape will continue to grow, and the economy, and average Americans, will be the victims.”
Washington Secrets Regulation Nation: New study finds Obama’s regs cost $46 billion a year Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets. Ironically, Bush instituted more regulations, 10,674, but they cost just $8.1 billion annually, said the Heritage report, titled “Red Tape Rising: Obama and Regulation at the Three Year Mark.” It will be released Tuesday The analysis backs ups complaints from the U.S. Chamber of Commerce and other business groups that the president’s regulations are stalling the economy and employment growth. It also calls into question Obama’s promise to put the breaks on new regulations and his State of the Union bragging about issuing less red tape than Bush. The fact is, said Heritage’s review, hundreds more costly regulations are coming, especially those targeting energy companies and Wall Street. They threaten “to further weaken an anemic economy and job creation,” said Heritage’s James Gattuso and Diane Katz. While there is no central agency that collects regulation information, Katz and Gattuso mined the Federal Register and other government databases to get their numbers. What they found was that while Obama has bragging rights to claiming he’s put into place fewer regulations than Bush, his cost far more. The $46 billion price tag calculated by Heritage is staggering, as are those hitting the economy the hardest. Just consider the regulations tagged as “major” for costing $100 million or more. Obama’s team issued 106 on private industry since taking office, compared to 28 by Bush. Last year alone, Obama’s administration issued 32 major regulations impacting everything from clothes dryers, to toy labels. Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, which added five major rules costing $4 billion. Among them, stricter limits on industrial and commercial boilers and incinerators, for a cost of $2.6 billion annually for compliance. The regulations are also hitting workers through higher fees on items such as checking accounts. “While the president cannot have it both ways: having identified over-regulation as a problem, he must take real and significant steps to rein it in. At the same time, Congress--which shares much of the blame for excessive regulation--must establish critical mechanism to ensure that unnecessary and excessively costly regulations are not imposed on the U.S,. economy and Americans,” said Gattuso and Katz. “Without decisive steps, the costs of red tape will continue to grow, and the economy, and average Americans, will be the victims.” http://washingtonexaminer.com/.....regs-cost-46-billion
The source? The Heritage Foundation... and who does the Heritage Foundation say that they are??? "Founded in 1973, The Heritage Foundation is a research and educational institution—a think tank— whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense."[/face]
And what are these regulations??? According to your post: Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, which added five major rules costing $4 billion. Among them, stricter limits on industrial and commercial boilers and incinerators, for a cost of $2.6 billion annually for compliance.
The Regulations are clean air laws that help stop pollution and give Americans Clean Air To Breath!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
EPA was only 4 billion, Obama’s administration issued 32 major regulations impacting everything from clothes dryers, to toy labels. Obama’s team issued 106 on private industry since taking office.
EPA was only 4 billion, Obama’s administration issued 32 major regulations impacting everything from clothes dryers, to toy labels. Obama’s team issued 106 on private industry since taking office.
Shadow, According to YOUR TEXT that YOU POSTED: Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, Those are YOUR WORDS, not mine.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
4 billion out of 46 billion is pretty small to say it's all to keep our air clean. Your words "The Regulations are clean air laws that help stop pollution and give Americans Clean Air To Breath!"
4 billion out of 46 billion is pretty small to say it's all to keep our air clean. Your words "The Regulations are clean air laws that help stop pollution and give Americans Clean Air To Breath!"
Shadow, According to YOUR TEXT that YOU POSTED: Heritage said that most expensive regulation of 2011 was from the Environmental Protection Agency, Those are YOUR WORDS, not mine. I'm trusting your post to be accurate... if the words of YOUR TEXT are misleading, then that's up to you to correct. YOUR WORDS cited clean air regulations from the EPA!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Ya, the air is SO much cleaner now .. can't you feel it?
I doubt you'd feel the incremental improvements of the EPA over the years, but if radical Ron Paul were to be elected you'd feel the pollutants enter the air to a point that air would be un-breathe in a matter of months after Paul eliminated the EPA.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I doubt you'd feel the incremental improvements of the EPA over the years, but if radical Ron Paul were to be elected you'd feel the pollutants enter the air to a point that air would be un-breathe in a matter of months after Paul eliminated the EPA.
And you know this how? Another wildly inaccurate statement.
And you know this how? Another wildly inaccurate statement.
Since you didn't specify, I'll answer them one at a time. ... ~"I doubt you'd feel the incremental improvements of the EPA over the years," Most improvements to air quality took place over the last 40 years and in very small increments. So no one change would drastically alter the air quality, but cumulatively they make a dramatic improvement. ~ if radical Ron Paul were to be elected you'd feel the pollutants enter the air to a point that air would be un-breathe in a matter of months With out an EPA to enforce air quality standards, corporations (as they once did) would polluted the air instead of paying the cost of cleaning their pollutants. (free Market Capitalist Pollution)
~ after Paul eliminated the EPA. Ron Paul has pledged to eliminate the EPA as one of his first acts as president.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Since you didn't specify, I'll answer them one at a time. ... ~"I doubt you'd feel the incremental improvements of the EPA over the years," Most improvements to air quality took place over the last 40 years and in very small increments. So no one change would drastically alter the air quality, but cumulatively they make a dramatic improvement. ~ if radical Ron Paul were to be elected you'd feel the pollutants enter the air to a point that air would be un-breathe in a matter of months With out an EPA to enforce air quality standards, corporations (as they once did) would polluted the air instead of paying the cost of cleaning their pollutants. (free Market Capitalist Pollution)
~ after Paul eliminated the EPA. Ron Paul has pledged to eliminate the EPA as one of his first acts as president.
Again...Box makes the huge leap of faith, attributing the improvement in air quality to a government bureaucracy rather than technological innovation. It makes me wonder how we ever evolved from the horse and buggy and into the automobile without the department of transportation to guide us. How was electricity and nuclear power discovered and delivered without the department of energy?
Eh...He's a government worshiper, what should I have expected?
Don't worry, as far as Box is concerned, even if Ron Paul were elected President, I'm sure that New York would then turn around and enact it's own version of the EPA. Oh, wait, we already have that, it's called the NYSDEC, and they actually have an office right here in Rotterdam, see how wonderful it is?
Ya, the air is SO much cleaner now .. can't you feel it?
The liberal lefty nut jobs have gone so far over the edge with the EPA....that there is NO industry left in this country. It has caused prices to rise and businesses to fail and/or move out!!!
And isn't it just too funny.....back in the hippie days....the pot smokin' lefty nut case hippies squashed all industrial economics because it was 'unhealthy'? America should be the healthiest county in the world now that there are 'no jobs'.......and yet folks are dropping like flies with cancer!!!
Now the left over hippie liberal crazies are targeting and dictating what foods you can and can not eat!!! And at the same time they are passing out birth control and viagra and xanax and oxycoton out like they are really GOOD and HEALTHY for you!!!
........and they all said AMEN!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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