Earlier this month, President Obama actually seemed business-friendly. He vowed to cut through hundreds of governmental regulations.
"Show us particular regulations that may be getting in the way of you hiring, and, there are going to be some that are important," Obama said. "You know, we want clean air, we want clean water. But if there is a bunch of bureaucratic red tape and it's not actually improving the situation, then let's figure out how to get rid of some existing rules."
Aides claim this will save businesses ten billion dollars over five years. And as the President found out during his bus tour: excessive government regulation matters to real people in the heartland.
But Mr. Obama tried to downplay concerns. It turns out - the president was just making room for more rules - out with the old, in with the new!
In a letter to Speaker John Boehner, the Obama Administration is considering seven new government regulations that would cost at least a billion dollars every year they are in effect.
Obama lists four proposed environmental protection agency rules and three transportation department rules. One of the proposed EPA rules - which updates national standards for smog - may actually cost upwards of $90 billion when all is said and done.
And who pays for this? American businesses do.
1 comment:
you are wrong the american consumer pays for this. no business can afford to swallow these charges, they will just pass it along to us!
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