Friday, July 29, 2011
VIDEO: Over $38 Billion in New Major Regulations Since President Obama Took Office
Despite a high unemployment and a sputtering economy, a new report reveals how the government may be making things worse by imposing bigger burdens on business. A new video from the Heritage Foundation highlights this explosion of government red tape.
And while this problem is not new—over $60 billion in new burdensome red tape was imposed under the previous Bush Administration—the explosion of new regulations under President Obama is unprecedented.
In his first two years in office, over $38 billion in new major regulations were implemented. And over $14 billion in new regulations are currently being considered.
Big Government
