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Obama regs have cost $500B, report finds

Wednesday, January 8, 2014


President Obama’s administration was responsible for nearly $500 billion in regulatory costs during his first five years in office, according to a new report.

The American Action Forum, a center-right policy research institute, found the Obama administration slapped businesses with $112 billion in regulatory costs in 2013 alone and predicted the burden would continue to increase this year.

“From 2009 to 2013, regulators have published $494 billion in final rules,” Sam Batkins, director of regulatory policy at the American Action Forum, wrote in the report. “This figure dwarfs the gross domestic product (GDP) from countries like Sweden, Peru, and Ireland. With more than $87.6 billion in proposed rule costs this year, burdens will continue to increase in 2014.”

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  • jong

    That of course is the money cost. The cost in jobs in taxes that will not be collected and people now a drain with unemployment should be added on. And those jobs are unlikely to come back. And of course the rise in the misery index

  • ARMYOF69

    What does BHO care? It’s not his money, it’s OURS the tax paying idiots.

  • Centurian2010

    Can’t wait for obama to be gone!

  • hindy

    Him an his wife are thieve

  • NellieCA

    Obama has found a new way to get more taxes from the American people. Tax pensons! The Welfare people don’t pay taxes! The Refugees don’t pay taxes. That leaves the middle class and people and people on pensions. GOD HELP US! OBAMA SHOUD BE TRIED FOR CRIMES AGAINST OUR COUNTRY.
    google how many GM jobs went to China (13 new plants), Brazil (7 new plants) and 30 other foreign countries. GE with a new plant in China at the cost of 2 billon, loss of jobs here in the plant they closed. BUY AMERICAN. especially food and product! WE DON’T WANT FOREIGN COUNTRY TO OWN OUR FOOD SUPPLY.

  • NotRedYet

    The ghetto rat needs to be removed from office immediately.

  • TAM44

    Out right liar from hell and the son of Satan
    Blood on his hands
    Always time for golf
    Makes muslims welcome and throws God under a bus