...the authoritative Competitive Enterprise Institute study of regulatory activity reports 339 economically significant rules, defined as costing $100 million or more, in the last two years of the Bush Administration compared to 408 economically significant rules in the first two years of the Obama Administration.
The Obama Administration has rendered the $100 million threshold insignificant. Its rulemaking machine turns them out at the billion-dollar-a-rule level. For example, the EPA’s list of proposed billion dollar rules includes the utility MACT, standards for cooling water intake structures, reconsideration of the 2008 NAAQS for ground-level ozone, the clean air transport rule, the coal ash rule, performance standards for coal- and oil-fired electric generating units rule, and performance standards for refineries.And that's just EPA, folks.
But there are MORE in the pipeline!!
- Health care reform law – 159 new agencies, commissions, panels and other bodies
- Dodd-Frank – 447 required or suggested rulemakings
- EPA – more than 100 rulemakings in process, 30 listed as “economically significant,” or costing the economy more than $100 million.
- Department of Labor – 100 rulemakings