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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.
Share this article on Twitter: http://my.barackobama.com/Bloomberg-Analysis-TW
Or, just forward this email.
Thanks,
Jen
Jen O’Malley Dillon
Deputy Campaign Manager
Obama for America
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Wow, it’s been an incredible year and it’s time for us to say thank you. It’s activists like you that got us to the negotiating table with Disney to get rainforest destruction out of their supply chain. It’s activists like you that pushed President Obama to make the decision to delay (and possibly kill) the Keystone XL pipeline. Together, as Rainforest Action Network, we have amassed a lot of hard work, skill and passion to fight for thriving forests, the rights of Indigenous frontline communities and a stable climate. It is not easy work. Not even close. But the rewards of success are so great, it is worth every moment. So to thank you for everything—the emails, phone calls, rally support, financial contributions, direct actions, and all the events you showed up for—we put together this little video. Thank you. Thank you. Thank you.
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I saw a story and video on a website called rawstory re: rep. Waters comments about President Obama to what looks like a small group of people looking to do something negative with an on camera performance. The first question I thought of is why the Democratic Party always seems to sabotage ourselves when in the majority let alone when we are not and in serious need of acting as a cohesive Political Party ready to defeat the extreme conservative right. What we all saw in 2009 was a group of lefties worried about election2010 while trying to control the message and lawmaking instead of governing with the Democratic President. I get it, the Democratic tent is huge, and so are the degrees of how left we all lean but contrary to how some not all act in this Party of and for the People. I did not vote for President Puppet and leader only when convenient as some progressive representatives seem to want. I am no expert nor do i have Political influence but having watched the Waters video repeatedly on msm at some point; it occurred to me that it looked staged for the media, which was beyond disappointing. I am still wondering … why blame President Obama for what members of Congress are supposed to do and while some folks still have that do as we say not as we do mentality that behavior has no place on the Hill especially when it is beyond critical to circle the wagons. I voted for change in 2008 and in 2012 I am hoping for a change in Congress willing to work for ALL Americans and President Obama or be kicked to the curb. The video is below …
California Rep. calls on the Black community to pressure Obama
With all due respect, to Rep. Waters; Black unemployment has been in the double digits for years. The question for me as well as some folks i know is should Rep.Waters, the CBC, and other African American members of Congress take a huge amount of responsibility for the lack of progress for Black Unemployment over the last few years. I wish people would ask Rep.Waters what she and the CBC have done for the last few years to fight for jobs to lower the ever present high unemployment numbers for minorities. I want to make sure folks know I went to the CBC website and while there seems to be a lot of things going on doing stuff the truth is unemployment numbers for people of colour have not changed that much over the last few years. Yes, Teapublicans in Congress have made this effort to help People of Colour practically an impossibility. The notion that a Black President in the White House is the remedy to years of discrimination or the cause of current problems or that President Obama’s supposed lack of effort to make direct moves to change the status or plight of just African Americans is not only offensive it sounds slightly ignorant. To play the race card is just wrong but then that is just me. We all have our opinions. I get it though, we are not only in class warfare; the middle class is fighting for the rights of women, children and minorities of all kinds. If you stop to think, but not too long the conservative right looks to be on the wrong side of History on so many issues affecting their fellow Americans. There are reports and rumors that most in the CBC wanted and supported Hillary Clinton in 2008 but her campaign was terrible, she said some questionable racial things and was maybe still is a hawk. I get it folks have opinions about Obama but we do not have Kings… Congress is responsible for creating and making laws… Call your member of Congress – ask them how and who they are voting for
Americans need a Congress willing to work for everyone … for Economic Inequality hell Equality on so many levels –
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