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Thread: Romney Lies About Regulation

  1. #1
    Havakasha is offline
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    Joined: Sep 2009 Posts: 5,358

    Romney Lies About Regulation

    He is not by any means the only person who has done this.

    Mitt Romney lies and lies again about Obama record on regulations
    byLaura Clawson

    Here's something Mitt Romney is being firm and consistent on: lying about the Obama administration's record on regulations. Monday in New Hampshire, Romney said:
    The level of regulation in America, every the regulators, the government, come up with new regulations. And they send them out. The rate of regulatory burden has increased four-fold since Obama has become president. Four times the amount of regulation coming out per year as in the past. And so businesses say, ‘gosh, I’m not sure I want to invest in America.’
    Of course, both the claim about the increase in regulation under Obama and the claim about the resulting effect on business are false, but it's not the first time Romney has gone there. Think Progress takes us through the sorry history:

    When Romney made the same claim during an interview with NPR in September, NPR asked the Romney campaign for verification, at which point the campaign was forced to admit that “the Governor misspoke.”
    Instead, the Romney camp told NPR that new regulations under Obama are twice what they were under President George W. Bush. Trouble is, that’s not true either, as Bloomberg News pointed out:

    Obama’s White House approved 613 federal rules during the first 33 months of his term, 4.7 percent fewer than the 643 cleared by President George W. Bush’s administration in the same time frame, according to an Office of Management and Budget statistical database reviewed by Bloomberg.
    Later on during the event, Romney claimed that, according to an official government report, regulations costs the U.S. economy $1.7 trillion annually.

    You guessed it: That's not true either. Just a fraction of a percent of layoffs have been attributed to regulation under Obama, and more than one study, including an OMB estimate, have found that the economic benefits of major regulations outweigh their costs, sometimes by a large margin. Never mind that regulations keep us safe on the job and give us clean air to breathe and clean water to drink. But while the specific numbers Romney spews on this will probably change, I think we can count on him to be unwavering and neither flip nor flop in his basic commitment to falsehood.

  2. #2
    SiriuslyLong is offline
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    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Regulation for Dummies
    The White House says its rule-making isn't costly or unusual. The evidence shows otherwise..

    The White House is on the political offensive, and one of its chief claims is that it isn't the overregulator of business and Republican lore. This line has been picked up by impressionable columnists, so it's a good time to consider the evidence in some detail.

    Jan Eberly, an Assistant Treasury Secretary, kicked off the Administration campaign with a white paper in October that purported to debunk the "misconceptions" that "uncertainty is holding back business investment and hiring and that the overall burden of existing regulations is so high that firms have reduced their hiring." Then the Administration mobilized some of the worst offenders, such as Kathleen Sebelius of HHS ("There has been no explosion of new rules") and Lisa Jackson of the EPA (her opponents are "using the economy as cover").

    To answer the most basic question—has regulation increased?—we'll focus on what the government defines as "economically significant" regulations. Those are rules that impose more than $100 million in annual costs on the economy, though there are hundreds if not thousands of new rules every year that fall well short of that.

    Enlarge Image

    Close...According to an analysis of the Federal Register by George Mason University's Mercatus Center, the Cabinet departments and agencies finalized 84 such regulations annually on average in President Obama's first two years. The annual average under President Bush was 62 and under President Clinton 56.

    Cass Sunstein, the director of the White House Office of Information and Regulatory Affairs, has been shopping around lower numbers that selectively compare Mr. Obama's first two years favorably with Mr. Bush's last two. Administrations are typically most active on the way out, and in any case the Bush regulatory record is nothing to crow about. But Mr. Sunstein's numbers are even more misleading because they only include the rules that his office reviews while excluding the prolific "independent" agencies such as the Federal Communications Commission.

    This gets you right under the graph showing increasing regulations:

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