Wednesday, March 14, 2012

Economy - #3728 - Obama's New Regulations Cost Billions - Heritage Foundation (2) Inconvenient Photo Taken at Exxon Gas Station Just Outside White House - The Blaze (3) Biggest Drop in Factory Orders, Shipments in More Than a Year - Hot Air

............Under the Obama Administration, those endless miles of government-imposed directives has kept getting longer, as The Heritage Foundation reveals in a new study released today. In our “Red Tape Rising: Obama-Era Regulation at the Three Year Mark” report, James Gattuso and Diane Katz detail how the Obama Administration has imposed new regulations costing $46 billion annually, with nearly $11 billion more in one-time implementation costs. That is about five times the cost of regulations imposed during the first three years of President George W. Bush’s administration, but the burden is even higher. The red tape of the past three years helps explain why the economic recovery has been so slow and job creation so anemic......Over just the last year, the Obama Administration has added 32 regulations that together impose more than $10 billion in annual costs and $6.6 billion in one-time implementation costs. Those regulations include mandates covering a broad range of activities and products, ranging from refrigerators and freezers to clothes driers to air conditioners, limits on automotive emissions, employer requirements for posting federal labor rules, product labeling, health plan eligibility under Obamacare, and higher minimum wages for foreign workers. The most expensive regulation came from the Environmental Protection Agency, which added five major rules at a cost of more than $4 billion annually.  Gattuso and Katz write that this tide of regulation isn’t going to end any time soon thanks to the new regulations expected under the Dodd-Frank financial regulation law, Obamacare, and the EPA’s carbon-emissions-cutting crusade. Unnecessary regulations, they write, are a threat to America’s already-weak economy and much-needed job creation:  Read more..........

Inconvenient Photo Taken At Exxon Gas Station Just Outside White House - The Blaze - A picture is worth a thousand words and this one speaks volumes. On March 13, The Weekly Standard posted the following photo of an Exxon gas station’s price marquee. The station is within walking distance of the White House and the listed price for its Supreme grade is frighteningly pushing $6.

Biggest Drop in Factory Orders, Shipments in More Than a Year - Hot Air - So much for a fast start to the recover in 2012. A week after announcing the worst durable-goods orders report in three years, the Commerce Department’s report on factory orders and shipments in January show the worst outcome in sixteen months:  New orders for manufactured goods in January, down following two consecutive monthly increases, decreased $4.8 billion or 1.0 percent to $462.6 billion, the U.S. Census Bureau reported today. This followed a 1.4 percent December increase. Excluding transportation, new orders decreased 0.3 percent. Shipments, up eight consecutive months, increased $4.1 billion or 0.9 percent to $463.6 billion.  Read more.......

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