Regulations Create Third Ruling Class
Regulations are killing our country.
Check it out:
The Federal bureaucracy should serve, not rule the people. While regulations are needed to protect the environment and ensure clean air and water, the Obama Administration has abused its position to create a third ruling class of mostly appointed bureaucrats who impose costly regulations on the nation. New regulations enacted during President Obama’s first term alone cost Americans $70 billion, and much of it is to influence behavior, reward “good” industries and punish ones not considered to be friendly to the Obama agenda of hope and change. Just another way to pick winners and losers.
The Heritage Foundation has tallied up more than 130 major rules which cost at least $100 million, and at least right now there is no oversight, because the Obama Administration refuses itself to follow regulatory law. Some background:
Congress passed “the Regulatory Flexibility Act” making mandatory a regulatory agenda from each agency in 1980. Every April and October, a description of all rules likely to have a “significant economic impact” is to be submitted by all regulatory agencies. In other words, Federal regulators are required to release a report twice a year which details plans and anticipated deadlines for regulations. I’ll give you one guess how Barack’s presidency is doing on this: If you guessed the Obama administration has neglected to release its regulatory agenda for the second year in a row, you win a cookie. Perhaps it’s because with all their meddling, they didn’t have time?