OBAMA’S ADMIN KILLING U. S. ECONOMY, 4,200+ NEW REGS COMING

Aug 27, 2011 by

Excerpts from Gary Bauer — Campaign for Working Families — 8.23.11

CBS’s Mark Knoller crunched the numbers on the latest data from the Treasury Department regarding the national debt. These new numbers put Obama’s spending into perspective. Here’s what he discovered (Are you sitting down?):

“The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It’s the most rapid increase in the debt under any U.S. president. The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.”

Obama’s Regulatory Regime

It’s not just Obama’s spending and tax increases that are hurting the economy. Obama has created a burgeoning regulatory regime that is suffocating small businesses and stunting private sector job creation. In a Washington Times op-ed today, Sen. John Barrasso of Wyoming notes that the Obama Administration “has proposed more than 340 regulations at a cost of more than $65 billion to job creators.” And that is just since the beginning of this year!

But what about President Obama’s promise to review and rollback unnecessary, job-killing federal regulations? The best the administration has come up with is to decide that milk spills on dairy farms don’t have to be treated like oil spills.

There is even more coming. Investor’s Business Daily recently reported, “The Federal Register notes that more than 4,200 regulations are in the pipeline. That doesn’t count impending clean air rules from the EPA, new derivative rules, or the FCC’s net neutrality rule. Nor does that include recently announced fuel economy mandates or eventual ObamaCare and Dodd-Frank regulations.”

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GARY BAUER — CAMPAIGN FOR WORKING FAMILIES — 8.26.11

Obama’s Regulatory Regime

Earlier this week I reported on the burgeoning regulatory regime that Obama has unleashed on job creators. Here are a few more outrageous examples:

  • The EPA is for the first time requiring thousands of businesses to report their greenhouse gas emissions. Not surprisingly, the process is complicated. So the EPA produced a series of FAQs or “frequently asked questions” to help out. But thanks to the bureaucratic nightmare that is the EPA the FAQ list is nearly 400 questions long!
  • To give you an idea of just how intrusive Obama’s regulatory regime has become, consider these new regulations for goat herders. This is proof-positive that we have too many bureaucrats with too little to do.
  • Rep. Doc Hastings, chairman of the House Natural Resources Committee, is warning that bureaucratic red tape is putting a key supply of domestic energy and, thus, our national security, at great risk. To remain not just economically viable, but also physically viable, the Trans-Alaska Pipeline must maintain a certain volume of oil flowing through the pipeline. Oil production at existing fields has been declining for some time, yet virtually every attempt to open new areas to drilling has been blocked. Hastings has introduced legislation to allow more drilling, which would save the Trans-Alaska Pipeline and create thousands of new jobs.

 

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