This just in from FoxNews.com:
“The Obama administration pushed through $181.5 billion in regulations last year, according to a new report from a conservative think tank that claimed the rules will lead to higher energy bills, more expensive consumer goods and fewer jobs.
The new rules mostly focus on clean energy and vehicle regulations, said the American Action Forum, which issued the report Monday. The state that was hit the hardest by new regulations was California, which was slapped with $7.9 billion in new rules, followed by Texas ($6.5 billion) and Ohio ($3.4 billion).
“‘What do these huge sums mean for individuals? Higher energy prices, pricier household goods, a more expensive mortgage, and the promise of yet another year of unrelenting regulatory growth,'” concludes the report, which was authored by Sam Batkins, the group’s director of regulatory policy. ‘No one can accuse the president of abandoning his promises on regulation in 2014.'”
Putting regulations on business is awful, isn’t it? Sure sounds that way. But wait, let’s take a closer look at this news report.