Voters in November set the stage for gridlock. They chose big-spending Democrats to run the White House and Senate while keeping parsimonious Republicans in charge of the House. That dysfunctional arrangement ensures President Obama won’t be able to get away with passing all the bills he needs to fulfill his agenda. He showed in his first term a willingness to use regulatory agencies to enact by rule what he couldn’t by law. As a recent Competitive Enterprise Institute (CEI) report found, the renewed emphasis on red tape in the second term will cost Americans dearly.
Every time some bureaucrat comes up with a rule ……businesses must spend an estimated $193 million to abide by the mandates laid down by the Consumer Product Safety Commission,….. Commerce force businesses to spend 51 million hours filling out paperwork…..[that] undertaking wastes about $1.8 billion in private-sector resources…..Transportation impose $61.8 billion in costs through rules… …None of this approaches the impact of the Environmental Protection Agency (EPA)......$353 billion, the agency’s onerous regulatory burdens consume the equivalent of all the wealth generated each year in Virginia’s private-sector economy. It’s as if, instead of serving the public, the commonwealth’s economic effort were dedicated to serving the EPA administrator. An entire state’s gross domestic product could be added to the national economy if the EPA faded away...... To Read More…….
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