The question that I have is why? One would think he would want more revenue coming into Washington that he could spend on his friends and voter base. But with all of these new regulations, jobs will not be created as businesses will hunker down for the next four years to avoid all the increased cost to comply.
Charles Krauthammer on Over Regulation on Small Business
http://dailycaller.com/2012/12/27/krauthammer-slams-obama-for-illegal-and-unconstitutional-regulatory-overreach/#ooid=11dm52NzpRQV3HqgQX-XYqldaOOcqYRg
During Wednesday’s broadcast of “Special Report” on the Fox News Channel, Washington Post columnist Charles Krauthammer criticized the Obama administration for something even President Barack Obama has admitted could be an obstacle to economic growth: the expansion of regulation through executive fiat
As the number of regulations from the federal government is continuously expanding, the comment period for regulations has been shortened from 60 days to 45 days, a move that Krauthammer said overwhelms small businesses
“At so many levels, this is a problem,” Krauthammer replied. “First of all [is] the volume, as you indicate, which is sort of overwhelming. If you are a small business
“Then you’ve got the lack of being open about it. The administration has this short comment period, where you are supposed to have 60 days, by executive order, and you’re not getting it. Which means essentially, the executive runs this.”
Krauthammer also commented on the legality of the regulatory environment
“And lastly, you get the arrogance of it,” he continued, “the administration essentially enacting legislation on its own through regulation, the way it did the DREAM Act and the way it did in stripping away the work requirement in a reform of welfare.”
“So all of these things happened unilaterally. A lot of them, I think, are actually illegal and unconstitutional. But even if they are constitutional, they are incredibly destructive of small business.”
Read more: http://dailycaller.com/2012/12/27/krauthammer-slams-obama-for-illegal-and-unconstitutional-regulatory-overreach/#ixzz2GGdg9OlB
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