6,125 Proposed Federal Regulations Start To Move Towards Reality!
Perhaps sensing a victory in the election, or attempting to start them in case he lost, Obama has fired off an astounding number of new regulations.No fewer than 6,125 new regulations, from financial to the EPA, are going to go into effect or are pending likely approval soon. Some of them replace older regulations. The Competitive Enterprise Institute reports they expect a flood of new regulations now that Obama has won another term. They expect the EPA to make big moves on everything from greenhouse gas emissions to ozone standards, and more rules from Obamacare to go into effect.
Obama had told the U.S. Chamber of Commerce last February:
“I’ve ordered a government-wide review, and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them,”
However, especially where the EPA is concerned (for manufacturers, farmers and others who create jobs) additional regulations often become a burden, create additional expenses, and often stifle expansion by such companies. What usually ends up happening is higher job costs, and less employment.