20,642 New Regulations Added in the Obama Presidency

From The Daily Signal.com (May 23):

The tide of red tape that threatens to drown U.S. consumers and businesses surged yet again in 2015, according to a Heritage Foundation study we released on Monday.

More than $22 billion per year in new regulatory costs were imposed on Americans last year, pushing the total burden for the Obama years to exceed $100 billion annually.

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The consequences of this rampant rulemaking are widespread:

• Restricted access to credit under the hundreds of rules unleashed by the Dodd–Frank financial regulation statute.
• Fewer health care choices and higher medical costs from the Affordable Care Act.
• Reduced Internet investment and innovation under the network neutrality rules dictated by the Federal Communications Commission.

These are just a few of the 2,353 regulations of 2015—and there have been 20,642 since Obama took office in 2009.

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There are already more than 2,000 proposed or final rules in the pipeline—including 144 that are expected to cost $100 million a year or more. These include yet more energy-efficiency mandates for home and commercial appliances, additional food-labeling requirements, stricter fuel economy standards for vehicles, and more stringent limits on consumer access to credit.  [read more]

Wow! Over 20 thousand regulations! No wonder the economy is stalling. If the secretary of the status quo (Hillary Clinton) becomes POTUS she won’t stop those additional regulations. Talk about strangulating businesses.