Anything Obama Says About Job Creation Will Be A LIE!! He Speaks About Jobs And Then Destroys Them With Regulations. Do You Agree?
By Dave Boyer
President Obama told Speaker John A. Boehner in a letter Tuesday that his administration is considering seven regulations that would each cost the U.S. economy more than $1 billion per year, although he added that these rules are “merely proposed.”
All told, the seven proposed rules cited by Mr. Obama would cost companies at least $38 billion per year and could cost as much as $100 billion annually.
“Before finalizing any of them, we will take account of public comments and concerns and give careful consideration to cost-saving possibilities and alternatives,” Mr. Obama wrote to the Ohio Republican.
Mr. Boehner wrote to the president last Friday, asking for an accounting of proposed rules that would cost more than $1 billion annually. “The economy cannot withstand the barrage of major new federal regulations planned by the administration,” Mr. Boehner said.
When they return to work in Washington next week, House Republicans plan to focus on cutting government red tape as a way to promote job creation.
The president listed four proposed Environmental Protection Agencyrules and three in the Department of Transportation as having the high potential cost. An EPA regulation on air quality standards could cost between $19 billion and $90 billion per year.
The administration has been sparring with industry and congressional Republicans over cutting government regulations for most of Mr. Obama’s presidency. In his letter, Mr. Obama argued that his administration has already cut red tape that will save more than $10 billion over the next five years.
The president also said the cost of “final, economically significant rules” were higher in the final two years of the administration of RepublicanGeorge W. Bush than in the first two years of Mr. Obama’s administration. The U.S. Chamber of Commerce has questioned the administration’s tally.
Mr. Boehner said the administration’s regulatory agenda includes at least 219 proposed rules with a projected economic impact of at least $100 million, which he said runs counter to the president’s stated desire to reduce the regulatory burden on businesses.
The U.S. Chamber of Commerce sponsored a nationwide tour this summer by former Sen. Evan Bayh, Indiana Democrat, and former Bush White House Chief of Staff Andrew H. Card Jr. to call for “common-sense” regulatory reform.
Bill Kovacs, the U.S. Chamber of Commerce’s vice president for environment, technology and regulatory affairs, has said that the administration’s claims of fewer regulations in the first two years of Mr. Obama’s tenure are “disingenuous.”
Mr. Kovacs has noted that the Government Accountability Office said there were 178 major rules reported to Congress in the final two years of the Bush administration, compared with 195 such rules in the first two years of the Obama presidency. And a Competitive Enterprise Institute study found 339 “economically significant” rules, defined as costing $100 million or more, in the last two years under Mr. Bush, but 408 such rules in the first two years of the Obama administration.
Industry has criticized new rules implementing overhauls of the nation’s health care and financial systems, and businesses also have argued that the Obama administration’s plan to lower the nation’s ozone standards will weaken the economy.
Mr. Kovacs said that while the administration has made some progress, “real regulatory reform would include permit streamlining; requiring transparency in the permitting process so we know exactly which permits are being held up and why.”
See Votes by State
News & Politics