Obama Regulations Four Times more than Bush
Posted by FactReal on March 19, 2012
|Obama Tops Bush With More, Costlier Major Regulations:
In his first three years of presidency, President George W. Bush imposed 28 major regulations at a cost of $8.1 billion. Obama imposed 106 major regulations at a cost of $46 billion.
“This is almost four times the number—and more than five times the cost—of the major regulations issued by George W. Bush during his first three years,” according to the report.
|Red Tape Rising:
During the three years of the Obama Administration, a total of 106 new major regulations have been imposed at a cost of more than $46 billion annually, and nearly $11 billion in one-time implementation costs. This amount is about five times the cost imposed by the prior Administration of George W. Bush.
This regulatory tide is not expected to ebb anytime soon. Hundreds of new regulations are winding through the rulemaking pipeline as a consequence of the vast Dodd–Frank financial-regulation law (the Wall Street Reform and Consumer Protection Act), Obamacare, and the Environmental Protection Agency’s global warming crusade, threatening to further weaken an anemic economy and job creation.
* Major regulations, as defined by the government, are regulations that cost up to $100 million or more each year.
Read the full report here.