Wondering why the economy is stagnant and not creating any new high paying jobs and only producing low wage part time jobs?
Look no further than this report:
Red Tape Rising: Five Years of Regulatory Expansion
Abstract
The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually. In 2013 alone, the Administration imposed 26 new major rules. Although slightly below President Obama’s first-term annual average (33), it was still twice the annual average of his predecessor George W. Bush. And much more regulation is on the way, with another 125 major rules on the Administration’s to-do list, including dozens linked to the Dodd–Frank financial regulation law and the Patient Protection and Affordable Care Act, known as Obamacare. Reforms of the regulatory process are critically needed. Without decisive action, the costs of red tape will continue to grow, and the economy—and average Americans—will suffer.
In his January 2014 State of the Union address, President Barack Obama vowed to wield his executive powers when faced with congressional resistance to his legislative agenda, stating: “America does not stand still—and neither will I. So wherever and whenever I can take steps without legislation … that’s what I am going to do.”[1]
This provocative declaration was startling in its bluntness, but it was hardly a new development. For the past five years, the Obama Administration has aggressively exploited regulation to get its way. Issuing 157 new major rules at a cost to Americans approaching $73 billion annually, the Obama Administration is very likely the most regulatory in history.
Of course, regulatory overreach by the executive branch is only part of the problem. Much of the red tape imposed over the past five years has been driven by vast and vaguely worded legislation, such as the misnamed Patient Protection and Affordable Care Act (Obamacare) and the Dodd–Frank financial-regulation law, in which Congress granted broad discretion to regulatory agencies. Doing so allows lawmakers to claim credit for “doing something” while evading blame for specific regulations.
The regulatory burden swelled in 2013 with the imposition of 26 new major rules.[2] Although slightly below President Obama’s first-term annual average (33), that was still twice the annual average of his predecessor George W. Bush.
There are many more regulations to come—agencies have identified 125 additional major rules they intend to work on this year, including dozens linked to Dodd–Frank and Obamacare.
Reforms of the regulatory process are critically needed. Among these: congressional approval before any new major regulation takes effect; analyses of the regulatory consequences of all proposed legislation before a vote is held; sunset deadlines in law for all major regulations; and review of independent agencies’ regulations, such as the Securities and Exchange Commission (SEC), in the White House regulatory review process.[3]
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The rest of the story:
http://www.heritage.org/research/reports/2014/03/red-tape-rising-five-years-of-regulatory-expansion
Look no further than this report:
Red Tape Rising: Five Years of Regulatory Expansion
Abstract
The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually. In 2013 alone, the Administration imposed 26 new major rules. Although slightly below President Obama’s first-term annual average (33), it was still twice the annual average of his predecessor George W. Bush. And much more regulation is on the way, with another 125 major rules on the Administration’s to-do list, including dozens linked to the Dodd–Frank financial regulation law and the Patient Protection and Affordable Care Act, known as Obamacare. Reforms of the regulatory process are critically needed. Without decisive action, the costs of red tape will continue to grow, and the economy—and average Americans—will suffer.
In his January 2014 State of the Union address, President Barack Obama vowed to wield his executive powers when faced with congressional resistance to his legislative agenda, stating: “America does not stand still—and neither will I. So wherever and whenever I can take steps without legislation … that’s what I am going to do.”[1]
This provocative declaration was startling in its bluntness, but it was hardly a new development. For the past five years, the Obama Administration has aggressively exploited regulation to get its way. Issuing 157 new major rules at a cost to Americans approaching $73 billion annually, the Obama Administration is very likely the most regulatory in history.
Of course, regulatory overreach by the executive branch is only part of the problem. Much of the red tape imposed over the past five years has been driven by vast and vaguely worded legislation, such as the misnamed Patient Protection and Affordable Care Act (Obamacare) and the Dodd–Frank financial-regulation law, in which Congress granted broad discretion to regulatory agencies. Doing so allows lawmakers to claim credit for “doing something” while evading blame for specific regulations.
The regulatory burden swelled in 2013 with the imposition of 26 new major rules.[2] Although slightly below President Obama’s first-term annual average (33), that was still twice the annual average of his predecessor George W. Bush.
There are many more regulations to come—agencies have identified 125 additional major rules they intend to work on this year, including dozens linked to Dodd–Frank and Obamacare.
Reforms of the regulatory process are critically needed. Among these: congressional approval before any new major regulation takes effect; analyses of the regulatory consequences of all proposed legislation before a vote is held; sunset deadlines in law for all major regulations; and review of independent agencies’ regulations, such as the Securities and Exchange Commission (SEC), in the White House regulatory review process.[3]
...........
The rest of the story:
http://www.heritage.org/research/reports/2014/03/red-tape-rising-five-years-of-regulatory-expansion