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   alt.politics.economics      "Its the economy, stupid"      345,379 messages   

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   Message 343,791 of 345,379   
   That idiot Biden to EchoFire   
   Re: Biden regulations have cost American   
   05 Jul 23 10:03:16   
   
   XPost: alt.fan.rush-limbaugh, alt.politics.trump, sac.politics   
   XPost: talk.politics.guns   
   From: that.idiot.biden@nytimes.com   
      
   EchoFire  wrote in news:sougmd$p7q$3@dont-email.me:   
      
   > Biden is a piece of shit.   
      
   Biden admin regulatory costs surpassing those under Obama, research shows   
      
   The Biden administration's burdensome regulations have cost Americans   
   about $10,000 per household, according to a new report, which noted that   
   figure could skyrocket if President Biden is re-elected in 2024 and serves   
   another four years.   
      
   Casey Mulligan, a professor of economics at the University of Chicago,   
   compares the regulatory records of President Biden and former Presidents   
   Donald Trump and Barack Obama in a new study published by the Committee to   
   Unleash Prosperity.   
      
   As of the end of last year, according to the study, the Biden   
   administration imposed new regulatory costs on American households and   
   businesses at a pace that is surpassing that of the Obama administration   
   during a comparable time period. Specifically, Mulligan writes that the   
   Biden administration has so far been adding regulatory costs at a rate of   
   $617 billion per year of rulemaking, not counting regulatory costs created   
   by statutes and other non-rule regulatory actions.   
      
   Mulligan calculates that the added costs of these Biden-era rules   
   finalized in 2021 and 2022 — including both their current and expected   
   future costs — amount to about $9,600 per household. These costs are   
   spread over time rather than concentrated in the first year that the rules   
   take effect — and could spike significantly if Biden is re-elected.   
      
   131 MANUFACTURING ORGANIZATIONS ASK BIDEN WHITE HOUSE TO STOP   
   UNPRECEDENTED REGULATORY 'ONSLAUGHT'   
      
   If rulemaking and regulatory costs continue to accelerate at the same rate   
   as they did during the Obama administration, the report states, "[T]he   
   result after eight years [under Biden] would be a cumulative $7 trillion,   
   which is almost $60,000 per household."   
      
   Still, Biden has fewer regulations per year than Obama and Trump in almost   
   every category, according to the report. However, the current   
   administration has implemented some especially costly regulations, such as   
   actions on student loans and vaccine mandates.   
      
   Overall, automobile fuel economy and emissions standards account for a   
   third of the total regulatory costs, with health, labor,   
   telecommunications and consumer finance regulations also comprising a   
   significant chunk.   
      
   Unlike Biden, Trump oversaw large-scale deregulation, as the report notes.   
      
   "The Trump administration's agencies through four years reduced regulatory   
   costs by almost $11,000 per household in present value," according to   
   Mulligan, who notes that figure doesn't include Operation Warp Speed to   
   produce a COVID vaccine. "On an annual basis, President Trump was on net   
   reducing regulatory costs (more than $300 billion per year of rulemaking)   
   almost as fast as Presidents Obama and Biden were creating them ($600   
   billion per year of rulemaking)."   
      
   BIDEN ADMIN TAKES AIM AT HUNTERS IN LATEST REGULATION: 'PREVENTING   
   AMERICANS FROM HUNTING'   
      
   Unlike Obama, who Mulligan notes "had virtually no deregulation in his   
   first two years," Biden has already implemented meaningful deregulations.   
   However, on net, Trump's deregulation was more far-reaching.   
      
   "President Trump showed that regulatory costs can be subtracted rather   
   than perpetually added," the report states. "Four years of President Trump   
   reduced regulatory costs by about $11,000 per household. Eight years would   
   have saved a total of more than $21,000, which is a gap of $61,000 to   
   $80,000 from the Biden trajectory."   
      
   Mulligan describes his report as the first "to comprehensively quantify   
   the costs missing from agency cost assessments," explaining that several   
   studies have shown government agencies employ poor cost assessments and   
   detailing how these agencies often impose large opportunity and resource   
   costs without acknowledging them.   
      
   "However, even if we ignore the large number of regulatory costs missing   
   from the agency estimates, they show a meaningful gap too," Mulligan   
   writes. "Eight years of President Trump would add only $561 to the average   
   household's cost (agency estimate), whereas eight years of Biden staying   
   15% ahead of the Obama administration would cost households almost $11,000   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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