The progressive socialist democrats are breaking new ground in their collective attack on our Constitution and our way of life. They have always worked behind the scenes to work their destruction but now they have become emboldened, believing they have mandate to "fundamentally" change America by winning two presidential elections.
Through Mr Obama's reckless, illegal and unconstitutional use of the executive order, he and the progressive democrats are using governmental agencies to force compliance to socialist demands thorough new laws and regulations formulated by these agencies without the consent and approval, legislations, of congress.
This is criminal. This government by tyrants. Worse, members of congress are doing nothing to stop the socialist nightmare from completely destroy our country and our way of life.
Federal Regulations Drive Up Consumer Prices
Source: Sam Batkins, "The Consumer Price of Regulation," American Action Forum, May 27, 2014.
June 2, 2014
The 36 economically significant regulations issued by the Obama administration increase consumer prices by more than $11,000, according to a study from Sam Batkins, director of regulatory policy at the American Action Forum.
Regulations are deemed economically significant if they carry annual economic impacts greater than $100 million. Batkins looked at more than 50 rules that were determined to impact consumers, 36 of which quantified those impacts. The study added together the consumer price impact of those 36 regulations, dividing the price increases into six categories and estimating the increased cost that a single American consumer would pay due to the regulations.
The regulations were found to increase prices for vehicles, household goods and food, thus having profound implications on the broader economy. For just one consumer, the regulations increased the prices of the following consumer items:
Recently, the EPA issued fuel efficiency regulations, concluding that a one percent increase in vehicle prices results in a one percent decrease in sales. A $3,100 vehicle price hike, writes Batkins, could decrease vehicle sales by 10 percent, costing jobs and billions of dollars in sales revenue.
While the study finds a total $11,000 in higher consumer prices, it looked at just 36 rules and used federal agency-provided data. Outside estimates of regulatory costs are even higher.
Regulations are deemed economically significant if they carry annual economic impacts greater than $100 million. Batkins looked at more than 50 rules that were determined to impact consumers, 36 of which quantified those impacts. The study added together the consumer price impact of those 36 regulations, dividing the price increases into six categories and estimating the increased cost that a single American consumer would pay due to the regulations.
The regulations were found to increase prices for vehicles, household goods and food, thus having profound implications on the broader economy. For just one consumer, the regulations increased the prices of the following consumer items:
- Vehicles: $9,150
- Household consumer products: $1,639
- Mortgage: $362 annually
- Energy: $135 annually
- Health Care: $108 annually
- Food: $14 annually
Recently, the EPA issued fuel efficiency regulations, concluding that a one percent increase in vehicle prices results in a one percent decrease in sales. A $3,100 vehicle price hike, writes Batkins, could decrease vehicle sales by 10 percent, costing jobs and billions of dollars in sales revenue.
While the study finds a total $11,000 in higher consumer prices, it looked at just 36 rules and used federal agency-provided data. Outside estimates of regulatory costs are even higher.
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