a Bloomberg News analysis found that the Obama administration has passed fewer regulations than George W. Bush had at this point in his presidency — and on top of that, they’ve come at far lower costs to the economy than the annual high mark for regulatory costs set by the first President Bush, or regulatory costs in President Reagan‘s last year for that matter.
It’s funny, because a favorite theme from Republicans these days is that the President is passing an exorbitant number of regulations at crippling costs. John Boehner has said it’s “misguided” for the President to be “imposing so many new rules with such enormous costs.” Rep. Eric Cantor has said President Obama should “reevaluate his position on regulations.”
This news kind of makes all those claims about “job-crushing government regulations” seem like what they are: political talking points with no basis in the truth.
Let’s take a quick look at what this administration has actually done regulation-wise:
— President Obama has taken huge steps to reduce regulatory burdens and costs, and to make regulations more transparent. He signed a landmark executive order requiring agencies to develop tools to cut ineffective, burdensome regulations; issued a memorandum directing agencies to provide taxpayers with easy, comprehensive access to regulatory information; and has, for the first time ever, required those agencies to actually engage with the folks who would be affected by a potential regulation before they propose it.
— This administration has made it a priority to do away with the burdens of unnecessary regulations. So far during this administration’s tenure, tens of millions of hours of regulation-related paperwork have been eliminated, saving businesses hundreds of millions in related costs. And the President initiated a plan to roll back hundreds of burdensome, unnecessary regulations – all told, this overhaul will save businesses more than $10 billion in the next five years. An example of one of the regulations getting cut? An EPA regulation defining milk as an “oil.” This change is going to save the dairy industry $1.4 billion in the next decade.
— The regulations that the President has put in place have filled gaps, closed loopholes, and protected taxpayers. Wall Street reform closed the regulatory gaps that allowed banks to grow “too big to fail” in the first place. And it puts consumer protections in place to make sure financial institutions can’t continue the deceptive and abusive practices of the past — shifting interest rates, unfair late fees, and other hidden charges.
Here’s what it comes down to: This administration is in favor of smart regulations that protect middle-class families and consumers, and against burdensome ones that don’t do anything but waste time and taxpayers’ money.
And this campaign is committed to spreading the truth — not baseless attacks. So help us do just that: Get the word out about how wrong Republicans are on the President’s regulatory record.
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Thanks,
Jen
Jen O’Malley Dillon
Deputy Campaign Manager
Obama for America
Be a Seed for Change 
re: Getting the facts straight on regulation.
What we need are MORE Regulatory agencies doing their jobs … period
No disrespect, but the notion that there is over or excessive regulation going on in a time when lack of it created our … the USA financial crisis , it created the BP spill and tell me you have not forgotten the Massey Mine disaster have you? There are things that need strict guidelines and most parents want Clean Air, Clean Water and not only affordable health care but some of us would actually pay a smidge more to make sure that food, flights and anything else that seems too big to handle for an individual can be by the Government and not privatized. If, folks believe privatization only creates more jobs please remember that it also means your cost for services will go up and isn’t that what folks are already complaining about now? An increase in insurance premiums would be just a start. I like the having firefighters, cleared roads, police, the EPA and FEMA because it is worth paying the Government to act for everyone not just a select few. I will not forget the man who failed to pay his protection fee which resulted in his house burning down; that is what privatization does. I expect the Government to be our children’s watchdog for their health and our future. I would say corrupt regulators need not apply and while you and the Heritage Foundation have a different attitude about regulations, it is my contention that your opinion should not be driving what Republicans in Congress do or say, especially in both Chambers of Congress. A lack of Regulation along with people who got used to excessive behavior drove our economy to the edge of disaster. The Grover Norquists and Heritage foundations like organizations just do not understand that they only represent a small percentage of voters and after having read your 10/12 article; it definitely sounded like the Heritage Foundation would love to go around the voter if they could. I find it almost amusing to read how conservative groups rationalize their feelings about regulations. Then again, it just puts the light on how out of touch your group is and if this is the meme being pushed on members of Congress who are not only supposed to be working for the people paid by we the people, truly a sad example of what being members of Congress means.
The quote below is from ordinarycitizenextraordinarytimes
“Holding Congress Accountable- Congressional approval of proposed new rules would be an important step toward holding both regulators and Congress accountable for the regulations imposed on the private sector. It is no panacea for the problems of excessive regulation. But, especially if combined with other steps, it would be a significant step forward.”
Sir, again, a lack of Regulation with a big R is just the tip of the sinking ship and though I totally get Capitalism … I believe it should be with a lower case c, which includes small businesses, and those who aspire to get ahead not just or only for big C as in Corporations who more often than not seem to send opportunities and jobs overseas to avoid regulations which is harmful to everyone
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