Obama Regulations Killing Economic Growth AND Jobs

From the very beginning of the Obama reign as king and rule giver, it was clear to anyone that wanted to listen to his words before and after the election, this was his intention " to fundamentally change America". He said what he would do on energy, immigration, foreign policy and finances in most every speech. All we had to do was listen but so many of us just waited for others to tell us what he actually said.

Here is where the main stream media did a bang up job for Obama. It really didn't matter what he said but how he said it. They made sure the spin was in to show just how the 'one' would make every one's life better by managing the news and facts about his real plan for America. Now the fainting is over as the country is falling into the worst financial disaster ever in our histroy.

As it is so painfully clear today, the media did a great job telling his story of smoke and mirrors. Why didn't the rest of us who knew exactly who he was fall for the media spin? How did we know who he was and what he planned to do? Easy - Rush Limbaugh and the rest of Conservative radio and Fox News.

Remember this line, "I hope he fails". Rush made this statement from the very beginning and how he was vilified for it. Now the progressive left socialist Democrats are gnashing their teeth and renting their clothing. Oh no, Rush is right again!

Who Will Regulate the Government?
Source: Clyde Wayne Crews, "The Other National Debt Crisis," Competitive Enterprise Institute, October 4, 2011.

The United States has the largest government on Earth, measured in annual government expenditures. Our great wealth permits a hefty bulk of regulation, much like a bigger dog can have more fleas. But the spending and regulatory burden can no longer be tolerated.

The quagmire of intricate rules and carefully tailored exceptions is making the United States an increasingly difficult and cumbersome place in which to do business, as corporations find themselves having to expend larger amounts of time, energy and money complying with numerous regulations, says Clyde Wayne Crews, vice president for policy and director of technology studies at the Competitive Enterprise Institute.

The U.S. government justifies these regulations as symbols of progress in the fight to rein in the natural excesses of free market capitalism. However, an enormous federal government that controls approximately a quarter of national income has equally excessive tendencies. This state of affairs begs the question, if it is the responsibility of government to maintain oversight and check excesses of corporations, who will regulate the government?

Regulatory agencies have little incentive to police themselves, and the truth of this claim is evidenced by their growing body of work.

In 2010, regulation proliferation set a new record with 3,573 final rules in the 2010 Federal Register, and proposed rules were up by 20 percent.

Solutions to halt this negative slide are many and diverse. One of the easiest is to implement an annual review of old and outdated regulations so that they do not outlive their usefulness on the books. Furthermore, Congress ought to vote on all new rules, as this will allow greater oversight within the federal government and will allow the voting public to hold their elected officials accountable for their stances on frivolous regulations.