As with the “regulatory uncertainty” talking point, the charge that the Obama administration has let loose with a wave of job-killing regulations isn’t something that any grown-up who likes America believes is true:
It has been ignorant and irresponsible actions by the uninformed sheep who make up the Tea Party movement which have undermined our economy, causing a downgrading in our credit rating. TodayBloomberg shot down another myth spread by the right that Obama is responsible for a huge expansion in government regulations:
Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.
The average annual cost to businesses under Obama is higher than under his predecessors, the Bloomberg review shows. The increase is estimated to total as little as $100 million or as much as $4.1 billion, or at most three one-hundredths of a percent of the total economy…