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<p style="font-size:xx-small;"> Sept. 4, 2011: Shown here is the main plant facility at the
Navajo Generating Station, as seen from Lake Powell in Page, Ariz.APPresident
Obama, in each of his last three State of the Union addresses,
spoke urgently of the need to cut through the "red tape" in
Washington.But regulatory costs for the American public and business community,
it turns out, soared during his first term. A new report by
the conservative Heritage Foundation estimates that annual regulatory costs
increased during Obama's first four years by nearly $70 billion -- with
more regulations in store for term two."While historical records are incomplete,
that magnitude of regulation is likely unmatched by any administration in
the nation's history," the report said.The analysis by Heritage did not
count every single regulation issued in Obama's first term, but looked at
"major" regulations impacting the private sector. It came up with 131 over
the past four years -- many of them environmental. In addition to
the $70 billion in annual costs from those rules, the report estimated
that new regulations from the first term led to roughly $12 billion
in one-time "implementation costs."The math is up for debate. Even Heritage
acknowledges there is no "official accounting" for federal regulatory costs.
But government agencies, as well as think tanks like Heritage, have tried
to track the price tag by looking at records maintained by the
Government Accountability Office and age
Sept. 4, 2011: Shown here is the main plant facility at the
Navajo Generating Station, as seen from Lake Powell in Page, Ariz.APPresident
Obama, in each of his last three State of the Union addresses,
spoke urgently of the need to cut through the "red tape" in
Washington.But regulatory costs for the American public and business community,
it turns out, soared during his first term. A new report by
the conservative Heritage Foundation estimates that annual regulatory costs
increased during Obama's first four years by nearly $70 billion -- with
more regulations in store for term two."While historical records are incomplete,
that magnitude of regulation is likely unmatched by any administration in
the nation's history," the report said.The analysis by Heritage did not
count every single regulation issued in Obama's first term, but looked at
"major" regulations impacting the private sector. It came up with 131 over
the past four years -- many of them environmental. In addition to
the $70 billion in annual costs from those rules, the report estimated
that new regulations from the first term led to roughly $12 billion
in one-time "implementation costs."The math is up for debate. Even Heritage
acknowledges there is no "official accounting" for federal regulatory costs.
But government agencies, as well as think tanks like Heritage, have tried
to track the price tag by looking at records maintained by the
Government Accountability Office and age
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