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Rising Tide Of Government Regulation Faces Rising Opposition From American People
Posted By Conn Carroll On October 29, 2010 @ 1:00 pm In Economics | Comments Disabled
The Heritage Foundation’s Red Tape Rising  report released this week documents not only the rising tide of government regulation in President Barack Obama’s first two year’s in office, but also the tsunami of regulation set to crush Americans over his final two years in office. Specifically, fiscal year 2010 federal regulators promulgated 43 major rules estimated, by the regulators themselves, to cost the U.S. economy $28 billion. That is the highest level ever on record.
And that total only includes a few of the 243 new formal rule-makings by 11 different federal agencies required by the financial reform bill and the over 1,000 instances  where HHS Secretary Kathleen Sebelius is empowered to regulate  the health care industry by Obamacare.
Even before the Obama regulatory tsunami hits, the American people are already tired of government intervention in their lives. As the Gallup  chart to the right shows, 49% of Americans say there is too much government regulation compared to only 27% who say their is too little.
Gallup  also asked Americans if the government was “fairer and more just” than business. Only 36% of Americans thought government was more fair and just than business. 60% chose business over government.
There are some things that a new Congress can do to stop the rising tide of red tape :
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/10/29/rising-tide-of-government-regulation-faces-rising-opposition-from-american-people/
URLs in this post:
 Image: http://www.gallup.com/poll/143624/Majorities-View-Gov-Intrusive-Powerful.aspx
 Red Tape Rising: http://www.heritage.org/Research/Reports/2010/10/Red-Tape-Rising-Obamas-Torrent-of-New-Regulation
 over 1,000 instances: http://spectator.org/archives/2010/06/04/the-empress-of-obamacare
 HHS Secretary Kathleen Sebelius is empowered to regulate: http://www.heritage.org/Research/Reports/2010/09/Implementing-Obamacare-A-New-Exercise-in-Old-Fashioned-Central-Planning
 Gallup: http://www.gallup.com/poll/143942/Democrats-GOP-Odds-Harm-Unregulated-Business.aspx
 Image: http://www.foundry.org/wp-content/uploads/Gov-v-Bus.gif
 stop the rising tide of red tape: http://www.heritage.org/Research/Reports/2010/08/The-Rising-Tide-of-Red-Tape
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