If you fly across the country, it’s easy to see signs of America’s ingenuity and productivity — skyscrapers in New York City, steel mills in Pennsylvania, factories in Chicago, farmland in the Great Plains, and the glittering technology of Silicon Valley. But what you can’t see, though it’s very real, is the invisible web of red tape crawling forth from Washington, crisscrossing the landscape, strangling job creators, tying down entrepreneurs, and tangling America’s engine of innovation in a mess of regulations. 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 all eight 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.
Don’t take our word for it, but those of President Obama himself. In January 2011, he said that “rules have gotten out of balance” and “have a chilling effect on growth and jobs.” And he’s right. Where the President breaks with reality is his pledge for a get-tough policy on overregulation and a comprehensive review of regulations imposed by Washington. In fact, to hear President Obama tell the story, you would think he’s a champion of slashing red tape and that his Administration has set its sights on slashing overregulation.
The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
