Regulation Nation: New study finds Obama’s regs cost $46 billion a year

Washington Examiner ^ | 03/13/12 | Paul Bedard

[AngelesCrestHighway]

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.

[AngelesCrestHighway]

"I just love regulations!"...

[waterhill]

Epic Fail. This Dildo needs to go.

[RatRipper]

Quite honestly, that sounds like a low-ball estimate to me.

[AngelesCrestHighway]

Well said!

[Jack Hammer]

Punitive regulations: otherwise known as hidden taxes.

Everyone pays for State Socialism, but, then, socialists unswervingly believe that all assets are the property of the state.

If you’re allowed to keep a little of what you earn, it’s the government’s kindess and NOT your fundamental right.

[BitWielder1]

It does not include the loss of income from business that doesn't happen because of the regs.
That would probably be in the trillions.

[AngelesCrestHighway]

When he lied about his agenda, a lot of useful idiots had no idea what socialism was and voted for him. He is without a doubt THE worst president to ever land his butt in the White House! He makes Jimmy Carter look like a girl scout.

[milagro]

We need a "Consumers' Advocate Group" to push for labels on EVERY product sold detailing exactly how much more that product costs consumers because of whatever regulation(s) exist requiring compliance by that company, starting with gasoline!

In fact, companies should start providing this INFO on their own.

Would be the QUICKEST and EASIEST way to get the American people to see how the Dims are ROBBING them blind and hiding behind the mask of claiming "it's for your own good"--or "it's for the children"!

And--here's an idea for us Freepers: gather together in front of stores with signs detailing the "costs of compliance"--and call it "Occupy Main Street!"

[G Larry]

His agenda costs us 10 times that amount ($460B/yr), not to mention our freedom and our way of life.

[Sequoyah101]

I agree. Nothing goes away, ever. The regulations just keep mounting up. Each new federal regulation spawns 50 state level responses and each of those may spawn some new level of local regulation.

Anybody can be breaking the law, most probably are and don’t know it. It is a setup, anybody can be prosecuted and probably convicted. Ignorance of the law is no excuse and nobody can know all the laws we have to abide by.

[DustyMoment]

Gee, what a surprise.

Unfortunately, it is beginning to appear that he will get a second term.

[genghis]

off by at least a factor of ten.
46 b is not even measurable.
Of course it is going to get much worse when there needs to be a congressional hearing for every new medical procedure and the banks collapse again.

[do the dhue]

[Carry_Okie]

In terms of its impact on the economy, it’s trillions, not billions.

[jusduat]

bfl

[donna]

In 1961, 46 billion was half the United States total budget:

President John F. Kennedy, 1961:

94.4 billion.....Total Receipts
97.7 billion.....Total Outlays
529.9 billion....GDP

http://federal-budget.findthedata.org/d/d/John-F.-Kennedy

[FiscalSanity]

You know, every time the Democrats propose more spending or regulations, I wish the Pubbies would calculate how much the new spending/regulation would cost per taxpayer, then go on TV and say, "Do you really want to pay $XXX per year of YOUR MONEY for this?"

I bet there would be a lot more pissed off calls to Congressmen and Senators, and a lot fewer bills and regulations would get through. Most people just don't make the connection between "government money" and their wallet...except when they are getting money. Conservatives need to hammer home that government spending IS their money being spent, and their children's money, and their grandchildren's money, and money for generations to come. Whether we pay for today's spending via taxation, debt slavery to China, complete social collapse, or years of middle-class-destroying biflation...we are going to pay for it.

Of course, we won't see Pubbies on TV talking about the real costs of government spending, because most elected Republicans are feeding at the trough, too - particularly the party leaders.

[ding_dong_daddy_from_dumas]

The rooster crowing makes the sun come up? Any gains in the economy (and it's not clear at all that we are out of the ditch) are in spite of Obama. The economy tends to heal itself after a while. Correlation is not causation.

[stephenjohnbanker]

Obama has future massive regulation and tax increases, and spending, that won’t kick in until he wins a second term. When they all hit, we are pretty much ruined.

[sickoflibs]

RE :”The rooster crowing makes the sun come up? Any gains in the economy (and it's not clear at all that we are out of the ditch) are in spite of Obama. The economy tends to heal itself after a while. Correlation is not causation. “

Nothing is getting better.

Recall the debt limit increase in two 1.3T$ increments. Sure, you borrow 3 T $ so you can spend a many more trillions while at the same time cutting taxes with near zero interest rates and get a temporary boost from all that stimulus. But some day that will have to stop as the money will run out (that is coming sooner with this recovery) . Plus gas and food and other prices are going up WITH the positive growth (yes they are related) and the Federal Reserve is powerless to control prices without killing the economy.

I am still convinced as I have been for 3 years that there is no happy ending. Our one hope was a Obama Green Energy bubble to lure investment here like the internet bubble and housing bubble did, HA_HA, but stupid investors are harder to find now. I think they cant get credit anymore.