UPDATE: Obama Regs Will Cost Us 1.8 Trillion Annually

Discussion in 'Politics' started by pspr, Sep 20, 2012.

  1. pspr


    Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually, more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.

    And it could grow, warned the author of the report, Clyde Wayne Crews, a CEI vice president.


    Full Report - Tip Of The Costberg:
  2. pspr


    Further, $1.8 trillion is more than 10% of GDP. Most businesses in competitive markets don't have a 10% net profit margin. In short, they are out of business or severely going to be cutting back.

    Our competitiveness on the world markets will be gone unless companies move their businesses and jobs to other countries.
  3. I assume you're referring to Obamacare is the primary culprit?

    Romney’s ‘Gross’ Exaggeration on ‘Obamacare’

    This from Fact Check. http://www.factcheck.org/2012/05/romneys-gross-exaggeration-on-obamacare/

    Not to be an ass, but not sure if this group might have an agenda: Secrets from the libertarian Competitive Enterprise Institute.

    I'm not saying that we are not over regulated, but just find fault in what may be wild exaggerations.
  4. wjk


    This is not an exaggeration: Enjoy.

    "EPA Sets 4-Gallon Minimum for Motorists Buying Gas at Ethanol-15 Pumps"


    Just one of thousands of examples going on with this admin. Just use your imagination to get a glimpse of how bad it's going to be when he's not trying to get re-elected.
  5. This is what I read: ...purchase at least 4 gallons of gasoline when they go to the gas station, if they are getting fuel from a pump that also offers a new E15 ethanol-gasoline blend.

    So, I have to buy 10 gallons minimum at one station to get a discount? They want consumers to buy 4 gals only if they using the Ethanol blend, how is that a problem? How is that some sort of excessive spending? Do you buy one gallon at a time? Motor scooters don't use ethanol anyway, who else buys less than 4 gallons?
  6. pspr


    Reading the detail it looks like a pretty in-depth analysis to arrive at the number to me.
  7. wjk


    My intent regarding the post was not the 4 gallon part of the reg. I'm more troubled about the 15% ethanol. If they decide to mandate 15%, which they will, I'll need a new car, mower, etc. My shit won't run on 15%. I don't recall being asked if I wanted to put 10% in my shit when that was mandated. I just happened to notice it at the pump one day.
  8. I don't see a mandate to 15% ethanol. So, we end up with the Oil lobbyists fighting against the Big Agriculture lobbyists. Let them fight.

    And, they have fuel additives to modify the forumulas already available. You'll be fine.