$518 Billion in Regulations Since Obama Took Office

ObamaShhh

Despite Obama’s promise to cut unnecessary regulations, his administration issued $236.7 billion in new rules in 2012.

According to a report by the American Action Forum, headed by former Congressional Budget Office Director Douglas Holtz-Eakin, the direct costs of the regulations force American businesses to waste 87 million man-hours to fill out regulatory paperwork.

Adding Obama’s 2012 regulatory costs to that of the rest of his first term adds up to a total of $518 billion in new costs forced onto an already anemic economic recovery.

This onslaught of new regulations comes even after Obama was celebrated for claiming he was going to be the regulation-cutting president.

Indeed, in 2011, Obama released a plan claiming he would cut regulations and reduce the burden on the business sector. Not long after, Obama operative Cass Sunstein praised Obama, claiming that his plan would work “to eliminate unjustified regulatory costs and to reduce burdens.” Sunstein went on to say that Obama had done more to cut government red tape than any president in recent history.

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Email

Previous post

Rep. Nadler: Two to Four Self-Defense Shots is Enough

Next post

On Eve of Obama's Second Inauguration, Al Qaeda Opens New Front

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.