While Congress was focused on increasing the debt limit and giving Americans the impression that they were actually working towards reducing our debt (which didn’t happen), President Obama and his administration quietly piled on $9.5 billion worth of regulations to job creators…in just one month!
“While Washington and Americans have been focused on the debt ceiling, the Obama administration has continued to roll our more crushing red tape,” a spokesperson for Senator John Barrasso (R-WY) said.
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The new regulatory costs include 229 new rules and the finalization of an additional 379 rules, the majority of which came from (no surprise) the EPA, the new healthcare takeover law, and the Dodd-Frank financial takeover law.
So as President Obama and his liberal allies complained that enough wasn’t being done to stimulate job growth during the debt debate, we find out that they were actually working to make it even harder to create jobs. The President has also indicated – for the Nth time – that he will now “pivot” towards creating jobs.