The cost of all these new regulation falls on the general public as well as, the EPA moves to eliminate coal power generation, forcing electric rates up and there by forcing up the cost of all commodities, i.e. food and gasoline.
In our fearless leaders own words that the public refused to hear, or never was allowed to hea,r as the media refused to publish his historic words, " under my plan of cap and trade, energy rates will necessarily skyrocket".
WOW - and here we are, four years later, and true to his word, energy is skyrocketing!!! Who Knew!!?? The media knew but if the genreal public actually heard or read our maxium leaders words, they might not vote for him. dah - The media didn't report it, save Fox News.
With Election Over, Administration Unleashes New Rules
Source: "Election Over, Administration Unleashes New Rules," Associated Press, December 13, 2012.
While the debates in Washington center on the fiscal cliff, a lesser known "regulatory cliff" is one that could be just as damaging to the economy, says the Associated Press.
During the first term of the Obama administration, many major regulations were proposed and passed. However, several of the regulations were postponed. This is because the administration wanted to quell criticisms about the regulations during the re-election campaign.
- New Environmental Protection Agency rules could cost manufacturers hundreds of billions of dollars -- up to $111 billion by government estimates and $138 billion by industry estimates -- and cut millions of jobs.
- One of the high profile delays is on stricter limits for lung-damaging smog, which was shunned by the Bush administration, proposed by the Obama administration, but then halted because of the regulatory burdens and uncertainty in a fragile economy.
- Stricter regulations on Wall Street.
- Air and water pollution standards.
- Requiring automakers to include event data recorders.
- Many major regulations included in the new health care bill.
Environmental groups have responded by arguing the regulations are piecemeal and won't have any major ramifications on the overall economy. Furthermore, some argue that the regulations are long overdue and that they are essential to public health and safety.
To lessen the impact of the new regulations, the Obama administration has ordered all federal agencies to remove rules that were excessive, burdensome, redundant or inconsistent. This is supposed to save businesses about $10 billion over five years and create jobs, and offset the impact of proposed regulations.
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