another republican meme descredited: obama flood of regulations unprecedented.

Discussion in 'Politics & Religion' started by Free Thinker, Oct 31, 2011.

  1. Obama Wrote 5% Fewer Rules Than Bush While Costing Business
    Oct. 25 (Bloomberg) -- President Barack Obama’s “tsunami” of new government regulations looks more like a summer swell.

    Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.

    Of the 7,247 mass layoffs last year -- those involving at least 50 workers -- 18 were the result of government regulation, according to department data. Of the 3,114 mass layoffs in the first half of this year, 11 were related to government regulation. By comparison, 1,053 mass layoffs were attributed to business demand.

    “The economy as a whole doesn’t employ fewer people as a result of regulation,” Roger Noll, co-director of the Program on Regulatory Policy at the Stanford Institute for Economic Policy Research, said in an interview. “It’s just that they are allocated in a different way.”