Obama reacts to oppressive regulations

Remember earlier this year when the President told Americans that he had instructed his administration to review all regulations as he had discovered that excessive federal regulations actually hurt business, the economy, and jobs?  On Tuesday of this week, the administration, through Cass Sunstein, from the White House Office of Management and Budget, proudly released the results of this in depth review.

To truly appreciate this momentous occasion, you first need to know that the Congressional Budget Office estimates that federal regulations cost the economy $1.75 trillion each year.  Of course, you and I pay for that in the form of higher prices for virtually everything we purchase, and less employment as business is required to spend money on regulations, not employees.

Mr. Sunstein’s announcement will fix that.  The administration, with Herculean effort, has gotten rid of regulations that will save business (I hope you are sitting down) $10 billion over 5 years.  Feel better now?

If you don’t, you are not alone.

House Majority Leader, Eric Cantor (R. Va.) called this announcement, “underwhelming”.

But, before I end this post, I found this statistic in the last link interesting.

According to current estimates, taxpayers and businesses spend around 6 billion hours a year on tax compliance.

Six billion hours?  Let’s see, there are 24 hours in a day…

30 replies
  1. RoBrDona
    RoBrDona says:

    Regulation is power. Power to control, power to shape -?for our own good,?our economic destiny, through the benevolent hand of our well-meaning appointed and elected officials.

    And I can turn lead to gold in my basement … no really. Seriously. ??

    • Anybody but Obama
      Anybody but Obama says:

      RoBrDona your post reminds me of this.
      Right after the regulator and chief? wanted the review he said, regulations weren’t a bad thing and Cass Sunstein introduced a long list of new regulations.? If I remember right it was just before the latest slide in the stock market.?Those of you not familiar with Cass Sunstein google him, also google his wife Samantha Powers. Pretty Scary

      • ricbee
        ricbee says:

        ?George Washington wrote; If the laws are so voluminous that they cannot be read,or so incoherent that they cannot be understood,they will be of little avail to the people.

      • Lynn
        Lynn says:

        We’ve been in the “Outer Limits” since President Obama was first elected. Time to get back to the innocence of “Laugh-In”.

  2. Eric
    Eric says:

    The scary thing about these clowns is that they actually think they’re helping us! ?I’ve never been so disappointed with an Administration, or so angry! ?These elitist snobs are really are in over their heads. ?They have no idea where to start or what to do. ?

  3. essneff
    essneff says:

    It’s not surprising….?Listening to Mark Steyn, subbing a while back for Rush, he informed us that to open a?food business in NYC, you have to go through 23 agencies & departments. In order to sreamline the process, Nanny Bloomberg established a 24th department.?The mission of which was to?guide the?potential employer with the paperwork & fees of the other 23 departments and agencies…. Progressive government at its finest!!???

  4. Lynn
    Lynn says:

    SOS, “six billion hours and 24 hours in a day”. I’ll admit it, I like math but my brain cramps after a million. I think it’s a protective instinct to protect me from getting violently sick. I will not feel better until this administration is gone, gone gone…. I too am underwhelmed.

  5. crystal4
    crystal4 says:

    “House Majority Leader, Eric Cantor (R. Va.) called this announcement, ?underwhelming?.”
    Snark from Cantor…that &^%$#! He just announced that he wants to debate money for hurricane relief…spending cuts needed before money goes to those affected by the storm!
    His VA constituents that are hit by Irene need to take note and recall this creep.

    • GdavidH
      GdavidH says:

      Crystal4 is just repeating the lefty yapping point about Cantor from a couple days ago. It is factually incorrect, and taken out of context as usual. The quote from his office is:

      “We aren?t going to speculate on damage before it happens, period. But, as you know, Eric has consistently said that additional funds for federal disaster relief ought to be offset with spending cuts.?”

      Where does Crystal4 get that cuts will be made?before??aid money goes out to those affected?

  6. Lynn
    Lynn says:

    I am just glad Crystal keeps posting. She is a valuable source of the Lefty talking points. Read Crystal and you have a direct line to the MSM slant and the WH stooges.

  7. crystal4
    crystal4 says:

    Thanks~ And you guys are always in lockstep with the latest righty talking points. Couldn’t follow without you!

  8. Lynn
    Lynn says:

    Anybody who does not see a difference of opinions expressed by us “guys” has a reading comprehension problem.? There are people who post that strictly? adhere to the Tea Party philosophy and some that will accept various degrees of compromise.? Most admit that President Bush and the GOP members of Congress made a big mistake with the first stimulus, in fact that ignited the spark of dissent.? Some condemn GOP that accept some measure of federal pork, some are more tolerant depending on individual projects.? Some of us deeply regret working to elect Scott Brown, some accept that he represents his constituents.? Point is, there is NO lockstep. I have yet to see, any admittance of error by this president and any of his administration by one specific person who? posts with great frequency. If the shoe fits…..

  9. rachel
    rachel says:

    What do Eric Cantor’s comments regarding Hurricane Irene have to do with this post?? I must have missed something…

    • rachel
      rachel says:

      Ummm, cha…I did read the post and not once is Hurricane Irene mentioned.? Follow_the_thread_….

  10. sammy22
    sammy22 says:

    I said more than once that Pres. Obama has failed me, e.g. his caving in on the debt ceiling and on extending the Bush tax-cuts. Lynn, either you did not read the posts or you just don’t like what I have to say.

    • Lynn
      Lynn says:

      Exactly, that is why I said “by one specific person” and it is not you. I actually like your posts, I just don’t agree with them.? I value thoughtful comments, that is what the First Amendment is all about.

  11. Plainvillian
    Plainvillian says:

    Did anybody analyze why those shovel ready projects were not shovel ready?? Could it be because of strangling regulations?? Might a competent administration have anticipated this and acted to ameliorate the situation?

  12. yeah
    yeah says:

    haha there ya go Crystal, stay away from that pesky SUBSTANCE…what do you have to say in response to the main subject of this piece?
    you recall being taught about finding the main subject in a paragraph back when you were in grade school, yes?

    • rachel
      rachel says:

      I suspect that crystal4 has lost power so perhaps we’ll get a break for a few days…Still hanging onto that Obama “hope”. heeeee heeeeee

  13. SeeingRed
    SeeingRed says:

    Regulation = power = need to be there (aka growing Gumnint).? Modern Democrats?know nothing else.? Talking private sector to them gets a glassy eyed response, and often a monotone response leading back to the need for more regulation to help ‘fix’ all of the problems. ?

  14. Law-AbidingCitizen
    Law-AbidingCitizen says:

    Hey the enemy is B.? Obama (BO), not the people who post here!
    I read these posts and understand that there is great anger against BO; I think that is rightly so. He and his regime are the enemy. The Dems are the enemy. They are the enemy of free and right thinking people everywhere. It is the people on the right who want the growing tentacles of federal power abolished and BO, along with his Dem/socialist cronies sent packing in 2012 or sooner. If you disagree with a contributor, educate him or her with substance; don’t be as a Democrat and hurl names and invective!
    The Dems and BO’s mantra hasn’t changed, it has always been for bigger and more intrusive government. BO is all about power and amassing money for himself and his friends. At one of his ubiquitous news…

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