This is insane:
OBAMA REGULATORY CZAR CLAIMS BUSH WAS WORSE ON RULES
President Obama’s regulatory czar told a Capitol Hill gathering Tuesday that the administration has produced fewer burdensome rules for industry than did the administration of President George W. Bush.
“There is no tsunami” of regulations, said Cass Sunstein, administrator of the Office of Information and Regulatory Affairs, at a symposium on innovation on Capitol Hill, rejecting complaints from the business community and congressional Republicans that the administration’s regulatory policies had harmed the economy and cost U.S. jobs. . . .
“The annual cost of regulations has not increased during the Obama administration,” he said. “In its last two years, executive agencies in the Bush administration proposed far higher regulatory costs than did those agencies in the Obama administration in our first two years.” [Emph. added]
It is not reassuring to know that the country is being run by people who are delusional. Just so we’re all on the same page: In its 28-month life, the Obama administration has presided over the passage of legislation that provides for the stem-to-stern re-regulation of the health care industry (which accounts for 17% of GDP) and financial services (7%). If the “annual cost of regulation” related to those two overhauls hasn’t yet shown up on whatever tablet Czar Sunstein gazes at all day, it’s only because the new rules related to them are so voluminous and severe that the bureaucrats aren’t done writing them. But private businesses know that higher regulatory-related costs are coming. And they also seem to know (as does everyone else but Sunstein, apparently), that the best way to avoid paying them is to simply not hire anyone unless absolutely necessary. . . . Maybe there’s something to that old line about how being ruled by the Harvard faculty wouldn’t be so great. . . . .
What do you think? Let me know!