{"id":41180,"date":"2021-01-31T13:34:28","date_gmt":"2021-01-31T18:34:28","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=41180"},"modified":"2021-01-31T13:34:28","modified_gmt":"2021-01-31T18:34:28","slug":"unnoticed-in-the-mix","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=41180","title":{"rendered":"Unnoticed In The Mix"},"content":{"rendered":"

On Friday Issues & Insights<\/a> posted an article about an executive order signed by President Biden that was pretty much overlooked, but will have enormous impact.<\/p>\n

The article reports:<\/p>\n

In the flurry of President Joe Biden\u2019s executive orders was one that was almost entirely overlooked but could easily end up having the biggest impact.<\/strong><\/p>\n

The order also seems harmless enough, going by the seemingly innocent title \u201cModernizing Regulatory Review<\/a>.\u201d Except this order isn\u2019t about modernizing regulations. It\u2019s about unleashing the regulatory state with a ferocity never before seen in this country.<\/strong><\/p>\n

Biden\u2019s order \u2013 which didn\u2019t get released to the press until late in the evening of his first day \u2013 aims to effectively toss the cost-benefit analysis that for many decades has served as at least a modest brake on the ambitions of regulators. In the past, regulations where the cost of compliance far exceeded the benefits could be stymied by the White House Office of Information and Regulatory Affairs.<\/strong><\/p>\n

Essentially this means that there will be no cost controls on the new regulations President Biden is unleashing on the country.<\/p>\n

The article contrasts this to what the Trump administration accomplished in the area of regulation:<\/p>\n

One of Trump\u2019s biggest \u2013 unsung \u2013 achievements in the White House was his effort to rein in the regulatory state. A lifelong businessman, Trump understood \u2013 in a way lifelong politicians cannot \u2013 the avalanche of regulations that fall on a business and the enormous costs they impose. One of his very first actions was the two-for-one order.<\/strong><\/p>\n

CEI\u2019s Crews says that Trump actually exceeded that goal, with agencies getting rid of 4.3 rules for every new one.<\/strong><\/p>\n

The Trump administration\u2019s Council of Economic Advisers<\/a> calculated that the deregulatory measures taken over the past four years saved households an average of $3,100 a year. And while there\u2019s some debate over the extent of the benefits from Trump\u2019s efforts, the undeniable fact is that he slowed the regulatory current.<\/strong><\/p>\n

Even so, the regulatory state today imposes $1.9 trillion<\/em> in costs, according to CEI<\/a>. That is an enormous hidden tax on families. In fact, if our regulatory state were a country, it would be bigger than Canada\u2019s entire economy. The idea that we are getting more than $1.9 trillion in health and safety benefits from these rules is laughable.<\/strong><\/p>\n

Unfortunately, with this one executive order, Biden shows that he\u2019s intent on giving regulators carte blanche to impose massive new rules on businesses and households, on virtually anything and everything they do, regardless of costs. There\u2019s little else Biden has done so far that will have as wide-ranging an impact.<\/strong><\/p>\n

This is definitely a time to hold on to your wallet.<\/p>\n

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On Friday Issues & Insights posted an article about an executive order signed by President Biden that was pretty much overlooked, but will have enormous impact. The article reports: In the flurry of President Joe Biden\u2019s executive orders was one … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5534,10476,12212,13410,13372,13409],"class_list":["post-41180","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-council-of-economic-advisers","tag-government-regulation","tag-issues-insights","tag-modernizing-regulatory-review","tag-president-biden","tag-the-cost-of-government-regulation"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/41180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41180"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/41180\/revisions"}],"predecessor-version":[{"id":41184,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/41180\/revisions\/41184"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}