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Monday, January 14, 2013

The Burgeoning Costs Of Regulations

The Obama administration must be setting some kind of record for costly regulations:
The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank.

The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and $21 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said.

The group put the total price tag from regulations during Obama’s first term at more than $518 billion....
No way can our ailing economy get going again with this kind of oppression.  Yet, all signs right now point to the Obama's administration yearning to impose even more regulations.

God help us.

Today, Obama stated during a press conference:
"I'm a pretty friendly guy. I like a good party," Obama said during his press conference Monday at the White House. He joked that, "now that my girls are getting older, they don't want to spend that much time with me anyway, so I'll be probably calling around, looking for somebody to play cards with."
The irony of that statement!

America is in deep shit, and the President is talking about what a party animal he is.

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