Monday, May 23, 2016

The Regulations Left Behind

His work really is done:
More than $22 billion per year in new regulatory costs were imposed on Americans last year, pushing the total burden for the Obama years to exceed $100 billion annually.

That’s a dollar for every star in the galaxy, or one for every second in 32 years.

The consequences of this rampant rulemaking are widespread:

Restricted access to credit under the hundreds of rules unleashed by the Dodd–Frank financial regulation statute
Fewer health care choices and higher medical costs from the Affordable Care Act
Reduced Internet investment and innovation under the network neutrality rules dictated by the Federal Communications Commission

These are just a few of the 2,353 regulations of 2015—and there have been 20,642 since Obama took office in 2009.
My God, it's full of red tape...

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