Randy Johnson, senior vice president of labor, immigration, and employee benefits at the U.S. Chamber of Commerce speaking about the cost of federal regulations on the U.S. economy.According to CNSNews.com, the bound edition of the Code of Federal Regulations has increased by 11,327 pages, a 7.4 percent increase from January 1, 2009 to December 31, 2011. In 2009, the increase in the number of pages was the most over the last decade, 3.4 percent or 5359 pages. Just a quick footnote President Barack Obama began his presidency on January 20, 2009 so the number of pages of federal regulations were going to start increasing that year. Over the past decade, the federal government has issued almost 38,000 new final rules, according to the draft of the 2011 annual report to Congress on federal regulations by the Office of Management and Budget. This brought the total at the end of 2011 to 169,301 pages.
I can't imagine the number of federal regulations will be issued if President Obama wins a second term. President Obama's goal is the destruction of capitalism. It will be terrible in 2014 once key provisions of Obamacare are implemented. I predict we're looking at potential massive unemployment if nothing is done to stop Obamacare. All these new regulations do nothing but further hamper job creation in America.
To read the full story, click on the above link at CNSNews.com.
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