Obama and regulation

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Soros: Tea Party has been 'mislead' into thinking taxes and regulation should be reduced.

12/15/11, "Regulation for Dummies," Wall St. Journal, "The White House says its rule-making isn't costly or unusual. The evidence shows otherwise."

"As for costs, Mr. Sunstein estimates that the total costs of the first two years of this Administration's executive branch regulation range between $8 billion and $16.5 billion. The Heritage Foundation puts the total, including the agencies, at $40 billion, compared to $60 billion over the life of the Bush Administration.
One problem with all such estimates is that they are based on self-reporting by government. Some agencies like the EPA have a habit of exaggerating benefits and hiding costs, but more importantly its analysis is done before the rules take effect in the real world. Often the true cost of regulation isn't merely compliance but slower growth that diminishes consumer welfare

• by allocating capital and labor to less valuable or productive uses.

The evidence is overwhelming that the Obama regulatory surge is one reason the current economic recovery has been so lackluster by historical standards. Rather than nurture an economy trying to rebuild confidence after a financial heart attack, the Administration pushed through its now-famous blitz of liberal policies on

• health care,
• financial services,
• energy,
• housing,
• education and student loans,
• telecom,
• labor relations,
• transportation and

probably some other industries we've forgotten. Anyone who thinks this has only minimal impact on business has never been in business.
Mr. Obama can claim he is the progressive second coming of Teddy Roosevelt as he did in Kansas last week, or he can claim to be a regulatory minimalist, but not both.

• The facts show he's the former."

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Soros, 2/22/11: US needs more taxes and regulation:
2/22/11, "Bernie Goldberg Rips 'Supposed Journalist' Fareed Zakaria for Not Challenging Fox-smearing Soros," NewsBusters, Noel Sheppard

"The CNN host moved in another predictable direction asking his guest, "What do you think of this broader movement of the Tea Party, of -- of what's going on on the right?"...

SOROS: "Look, I think the people in the Tea Party are very decent people, hard-working. They've been hit by a force that -- that comes from somewhere which they can't fully understand, and -- and they are being misled. And they are misled by people who are using it for their selfish purposes, namely to remove regulations and -- and reduce taxation.

• So reduce taxation and regulation,

• and they are being used and deceived."

So the Tea Partiers are all idiots being misled into thinking loosened regulations and lower taxes are bad. Meanwhile, Soros funds organizations dishonestly

• trying to convince people that
• more regulations and higher taxes are good."

via Hot Air