The one thing that the Obama Administration should be famous for is the amount of regulations imposed on the American people through the Executive Branch of government–not through Congress, the body that is supposed to make laws–but through the Executive Branch. There is a cost on these regulations. The Washington Examiner posted a story today detailing that cost.
The article includes the following chart:
The new high in regulatory costs, said Batkins (AAF’s Sam Batkins, director of regulatory policy at the watchdog group), came after new fuel standards for trucks were implemented.
“The Obama Administration surpassed 500 major regulations last summer, imposing $625 billion in cumulative costs. Earlier this year, regulators published the administration’s 600th major rule, increasing burdens to $743 billion. Now, thanks to data from the last term of the Bush Administration and another billion-dollar rule from EPA, the regulatory tally has surpassed $1 trillion. These figures are direct estimates from federal regulators, but it will take more than an effort from these regulators to amend hundreds of major regulations. Congress, the next president, and even the courts must participate in the next generation of regulatory modernization,” he reported.
The reason that Congress is charged with making laws is that they are accountable to the voters. The Executive Branch (other than the President) is not elected and cannot be held accountable to the voters. However, as illustrated by November’s election, the voters do have a certain amount of power in terms of who controls the Executive Branch. Hopefully the Inauguration of Donald Trump will signal the end of over-regulation in America at least temporarily.