Sunday, August 07, 2016

Why such a slow recovery?

Some liberals/progressives/Democrats say the slow recovery from the recession (theoretically it ended in June 2009 before the ARRA even kicked in) is because Obama was left such a mess by Bush. Recessions, small and large seem to roll around about every 10 years, and the recovery takes longer than the drop. The Great Depression of the 1930s is a good example, or bad, depending on your politics. Many believe Roosevelt extended it by about 5 years through government meddling; others believe he saved the country. But that was then, this is now.

Obama’s policies have created the slow recovery through costly new regulations and a very “efficient“ bureaucracy--which compounds the problem. President Obama’s regulators have completed their 600th major rule. A major rule imposes costs of more than $100 million. Bush also loved regulations, but Obama has exceed him by 20%.  And it isn't over til it's over.

"The Administration has already issued 40 major rules in 2016 and it may have as many as 50 more in the pipeline. In only the past few months the Administration has issued major rules on drones ($2.6 billion); a fiduciary rule for retirement savings ($31.5 billion); and new rules on Arctic drilling ($2.1 billion). Going forward, the Administration plans to finish up greenhouse gas standards for heavy-duty trucks ($31 billion), efficiency rules for manufactured housing ($4.1 billion), and more."

He'll push more through as he packs up to leave Washington, and can be confident if Hillary is elected that she will complete his economy killing plans.

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