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Obama has done a fantastic job in creating jobs - if you are a federal regulator.

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posted on Aug, 16 2011 @ 09:14 AM
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The insidious process of enforcing the will of government through regulations has always been problematic and Obama has raised it to an art form. Not only are regulations largely invisible, their true costs are never calculated nor captured when included in the federal registry in any sense that would be considered accurate.

This kind of un-checked executive branch is anti-democratic, rife with corruption and needs to be stopped.

"If the federal government's regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald's, Ford, Disney and Boeing combined.

Under President Obama, while the economy is struggling to grow and create jobs, the federal regulatory business is booming.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual "Regulator's Budget," compiled by George Washington University and Washington University in St. Louis.

That's at a time when the overall economy grew a paltry 5%."

"This July, regulators imposed a total of 379 new rules that will cost more than $9.5 billion, according to an analysis by Sen. John Barrasso, R-Wyo.

And much more is on the way. 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."

"By 2008, the cost of complying with federal rules and regulations already exceeded $1.75 trillion a year, according to a 2010 study issued by the Small Business Administration."

www.investors.com...

Each of these federal regulations requires administrative overhead to implement, support, track and enforce. Each of them interfaces with existing regulations hence documentation, rules, training materials need to be revised and distributed. Those groups that need to comply with the regulations need to get up to speed on them, integrate them into their business practices, track and report on compliance.

This is Soviet style government. The idiocy of this level of micro management over the affairs of the citizens of this country is undemocratic, heavy handed, condesending and needs to be reversed.

Every federal regulation should be placed under scrutiny and the bias should be to eliminate it. Each should be slated for expiration and need to be rejustified both quantitatively and qualitatively. I don't hear a single candidate or major political figure from either party seeking serious regulatory reform other than to bemoan the level of regulation.




 
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