Obama has already broken all past records on creating federal regulations and red tape, and his new adds will boost the overall price tag to over $1 trillion.
President Obama, who this week has issued a flurry of environmental rules, is planning to unleash another set of “midnight regulations” right before he leaves office that will cost Americans $6 billion.
“These five measures alone could impose $5.1 billion in costs and more than 350,000 paperwork burden hours. In addition, three other rules in proposed form could add $898 million in burdens and 146,000 paperwork hours, for a cumulative total of nearly $6 billion in potential midnight costs and nearly 500,000 burden hours from the two agencies. Read the rest of this entry »
The Regulatory Gray Goo Nightmare
Paul Bedard reports: The new implementation of EPA rules on heavy trucks has boosted the 10-year regulatory burden on America past $1 trillion, 75 percent of which have been imposed by the Obama administration.
That amounts to a one-time charge of $3,080 per person, or an annual cost of $540, according to a new analysis from American Action Forum.
“In other words, each year every person, regardless of age, in the nation is responsible for paying roughly $540 in regulatory costs. These burdens might take the form of higher prices, fewer jobs, or reduced wages,” said AAF’s Sam Batkins, director of regulatory policy at the watchdog group.
The staggering amount is likely to surge even higher as President Obama scrambles to lock in several environmental regulations before leaving office. He has already broken records for new regulations and added red tape this year and still has 50 days in office.
Incoming President-elect Trump has promised to kill two current regulations for every new one he adds.
The new high in regulatory costs, said Batkins, came after new fuel standards for trucks were implemented. Read the rest of this entry »
‘Maryland’ Crabs: ‘They’re All Born in Virginia’, Says Virginia Governor Terry McAuliffe.
“You know, Maryland talks about their crabs. And if anyone from Maryland is listening, I’m going to be very clear: All the crabs are born here in Virginia and they end up, because of the current, being taken there. So really they should be Virginia crabs.”
— Virginia Governor Terry McAuliffe
His statement is not entirely false, though saying the current is the only reason some crabs migrate into the upper bay is questionable.
According to the National Oceanic and Atmospheric Administration, male crabs tend to prefer fresher waters in Maryland and the bay’s upper tributaries, while females, especially spawning females, like the saltier waters of Virginia, near the mouth of the bay….(read more)