New study finds Obama’s regs cost $46 billion a year (employment, companies)

[Toyman at Jewel Lake]

Regulation Nation: New study finds Obama (http://washingtonexaminer.com/politics/washington-secrets/2012/03/regulation-nation-new-study-finds-obama%E2%80%99s-regs-cost-46-billion - broken link)

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.

Is there any wonder why we have one of the weakest recoveries on record?

[RCCCB]

Obamacare in 2013 will cause a depression in the economy IMO. 2013 will make this look like nothing IMO.

[Little-Acorn]

//www.city-data.com/forum/polit...ions-cost.html

[RCCCB]

Originally Posted by Little-Acorn

//www.city-data.com/forum/polit...ions-cost.html

I noticed that as well. :-)