Since President Obama took office in 2009, the federal government has issued 600 major regulations totaling $743 billion, according to a new study.
The Obama administration issues an average of 81 major rules, those with an economic impact of at least $100 million, on a yearly basis, the study found.
That’s about one major rule every four to five days, or, one rule for every three days that the federal government is open.
“It is a $2,294 regulatory imposition on every person in the United States,” wrote Sam Batkins, director of regulatory policy at the American Action Forum, who conducted the study.
At the current pace of rule-making, the Obama administration will issue a total 641 major rules before the president leaves office, bringing the nation’s regulatory bill to $813 billion.
By contrast, President George W. Bush issued 426 major rules during his tenure in the White House.
LBN E-Lert Edited By Addison BeaulieuLBN E-Lert Disclaimer: 1.) The LBN E-Lert accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided. The LBN E-Lert is not associated with any commercial or political organization and is transmitted via the web for the sole benefit of its subscribers. 2.) Unfortunately, computer viruses can be transmitted via email. The recipient should check this mail and any attachments for the presence of viruses.