Forum Post: Regulation Nation: New study finds Obama’s regs cost $46 billion a year...
Posted 12 years ago on March 13, 2012, 11:46 a.m. EST by sunstar
(-14)
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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 up 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 brakes 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.
“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.”
Aw poor misunderstood corporations.
They want to pee in every stream, take a dump in every field, eat every living thing, kill and main our children for profit, and sell as food anything they want.
All with no responsibility.
It would figure it takes a heaping load of propaganda from Heritage to bitch about asking them for a bit of responsibility and honesty.
When will AJ do his conspiracy theory about the REAL conspirators?
Are you off your medications again?
I didn't post this shit. You should ask the guy that did.
Although maybe it's the drugs he's on, that makes him think propaganda mills turn out anything to do with the truth.
Oooops................it's you! Sorry, sorry, sorry.
Spin? Red tape? Do you have children? If we allow these pollutants to continue getting into our food chain and into our bodies directly for the sake of "cheaper" electricity we'll be killing ourselves. I don't know what you don't understand about that. Perhaps you think that it's the invisible hand of "junk science" at work.
These linked articles only regard the necessity of pollution control standards for coal-fired electric generating plants. If you would choose to put dollars ahead of doing the things necessary to prevent poisoning people, plants and animals then you are a lost cause I'm afraid. You're already dead - inside.
http://www.huffingtonpost.com/2011/07/07/epa-unveils-new-standards-coal-power-plants_n_892486.html
http://www.epa.gov/hg/
http://www.medscape.com/viewarticle/522270_3
http://www.epa.gov/air/nitrogenoxides/
http://www.epa.gov/air/sulfurdioxide/
http://www.nrdc.org/health/effects/mercury/sources.asp
" If we allow these pollutants to continue getting into our food chain and into our bodies directly for the sake of "cheaper" electricity we'll be killing ourselves."
Typical propaganda. Cheap energy does not equate to "killing ourselves".
This is just another Liberal scare tactic to try to validate job killing,economy destroying big Govt. REGULATIONS.
The "Green" Utopia is just that,a fantasy.
Yea, that stuff about mercury levels in tuna is a load of horse hockey, huh? Off you go. Back to the bowling alley!
Mercury is good for you! Why else would it be used on thermometers?
I still love to break them open and play with the shiny balls on a good hot day!
I have a airplane made of macaroni!
ROFLMAO!!
Okay, and the deregulation of the banking industry cost us how much? I'm sure the financial crisis and subsequent bailouts cost loads more, not to mention we're still feeling the collateral damage.
De-regulation is not the answer, it's the problem. We're already too close to pure capitalism for our own good.
46 billion really isn't much money and I hope Obama raises much more than that for the election. I know all that he spends will tinkle down upon my sweaty face like golden rays of love.
Maybe Dundercrap-spewman won't ROFLMAO so much from that comment.
Nonsense! Regulation helps the economy! Haven't you heard about all the jobs it creates?
Brilliant! If nothing else the Federal Government should hire all unemployed to be regulators and enforcers! Problems all solved!
Or, just give them money! That helps the economy, too!