REGULATION NATION: New Study Finds Obama Is ‘No. 1 Regulator’
By James Rosen
Published March 14, 2012 | FoxNews.com
One week after he signed Executive Order No. 13563, mandating that all executive branch agencies “identify and consider regulatory approaches that reduce burdens,” President Obama delivered his 2011 State of the Union Address: “When we find rules that put an unnecessary burden on businesses, we will fix them,” the chief executive declared on Jan. 25, to applause from the joint session of Congress.
Yet over the course of the year that ensued, a new study finds, the Obama administration enacted 32 new “major” regulations – rules that carry an estimated price tag of $100 million or more. These measures stand to cost the U.S. economy $10 billion a year, along with an additional $6.6 billion in first-time implementation costs.
Federal data marshaled in “Red Tape Rising,” a report by the Heritage Foundation, a conservative think tank in Washington, convey an even starker picture of regulatory growth during the Obama administration’s first three years. Since January 2009, 106 new “major” regulations have been enacted, at a total estimated cost of $46 billion, plus almost $11 billion more in implementation costs.
This track record leads the study’s author, Heritage senior fellow James Gattuso, to label President Obama “the No. 1” regulator in American history.
“Now, there is some competition – and competition not just from Democrats, but from Republicans,” Gattuso hastened to add, in an interview with Fox News. “Both of the Bushes engaged in a lot of regulation, if you look at the record. But on present track, President Obama may be the most pro-regulation president we have ever had.”