Good article today at Q&O blog by Bruce McQuain: The growth of the regulatory state. Well worth reading.
In the past three years of the Obama administration we’ve seen an explosion of regulations. Investors Business Daily brings you the gory details:
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%.
Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.
Michael Mandel, chief economic strategist at the Progressive Policy Institute, found that between March 2010 and March 2011 federal regulatory jobs climbed faster than either private jobs or overall government jobs.
Those agencies have churned out new regulations and rules at an amazing rate:
The Obama administration imposed 75 new major rules in its first 26 months, costing the private sector more than $40 billion, according to a Heritage Foundation study. “No other president has imposed as high a number or cost in a comparable time period,” noted the study’s author, James Gattuso.
The number of pages in the Federal Register — where all new rules must be published and which serves as proxy of regulatory activity — jumped 18% in 2010.
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.
As McQ points out, and I’ve pointed out many times: Who pays the compliance cost of all this regulation?
You will be happy to know, though, that the Obama administration denies they’ve been frantically regulating. In fact, they claim to have reduced regulation. How do these people look at themselves in the mirror in the morning?
Of course the administration flatly denies what the reports above tell us is happening:
Cass Sunstein, who runs the White House Office of Information and Regulatory Affairs, denies the regulatory upsurge, writing recently that “there has been no increase in rule making in this administration.” He also notes Obama ordered a comprehensive regulatory review in January that uncovered $1 billion worth of needless red tape.
Oooo… ONE billion! That solves the problem. Sorry I brought it up. I’m certain that the only needless and redundant regulation in the entire country added up to $1 Billion.