Guest Post by Anthony Sanders
We could write a song about soon-to-be-former President Barack Obama and he penchant to burden the economy with endless regulations. We would call it “Barack The Regulator” (not to be confused with “John The Revelator.”) But the melody would be the same.
President Obama’s Federal Register added 572 pages on Thursday (Nov. 17) alone!
Obamacare, Dodd-Frank, Consumer Financial “Protection” Agency, EPA, etc? Land of the free is now the land of the over-regulated.
Check it out. Obama holds the record for the four largest increases regulatory pages, George W. Bush is in 5th place, then Obama again in places 6-8, Bush again in places in places 9-10, then finally Obama again in 11th place.
A 2014 report by the National Association of Manufacturers found that regulatory costs on all firms exceed $2 trillion annually and disproportionally affect small businesses.
And you were wondering why startups and firm creation in the USA are so low? Thank Barack The Regulator!
