$518 BILLION in regulations
since Obama took office
Breitbart – Warner Todd
Huston – 1/16/2013
$236.7 billion – 2012
87 million man hours
$518 billion – during “recovery”
Despite Obama's promise to
cut unnecessary regulations, his administration issued $236.7 billion in new
rules in 2012.
According to a report by the
American
Action Forum, headed by former Congressional Budget Office Director Douglas
Holtz-Eakin, the direct costs of the regulations force American businesses to
waste 87 million man-hours to fill out regulatory paperwork.
Adding Obama's 2012
regulatory costs to that of the rest of his first term adds up to a total of
$518 billion in new costs forced onto an already anemic economic recovery.
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