Obama’s Regulations Have Cost the Economy Nearly a Trillion Dollars


The economic recovery under Barack Obama may have been one of the slowest ever recorded, but that isn’t for lack of effort. In fact, Obama has been very active meddling with the economy while president.

Since President Obama took office in 2009, the federal government has issued 600 major regulations totaling $743 billion, according to a new study from the conservative American Action Forum.

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, as the American Action Forum puts it, one rule for every three days that the federal government is open.

The tab for all of these regulations? $813 billion. That’s the price to pay for enacting 215 more rules than the president before him.

Source: The Hill

 



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