During President Obama’s administration, a record 21,000 new regulations on businesses were enacted, most of them without Congressional approval.
Last year alone Obama issued regulations costing American taxpayers and businesses an estimated $762 million in regulatory costs per day, according to the American Action Forum.
All told, President Obama’s administration has filled 468,500 pages in new regulations in the Federal Register.
Moreover, according to the Competitive Enterprise Institute, the president is poised to unleash another 2,375 new rules on American businesses this year, and again without first giving Congress an up or down vote.
Strangling the economy? Which in turn strangles the global economy? You bet! No amount of money printing can offset excessive regulation and uncertainty.