American businesses thank you Barry.....Yep. thanks a lot.

Quote:The Obama administration’s regulatory footprint is more than twice as large as the Bush administration, according to a new study.

During President Obama first six years in office, his administration issued 184 major rules targeted at the private sector, according to an analysis from the conservative Heritage Foundation.

The cost of those regulations is estimated at $78.9 billion each year, the study found.

By comparison, the Bush administration issued 76 major rules over the same period, which imposed about $30.7 billion billion each year on businesses, according to the study.

“President Barack Obama has repeatedly demonstrated his willingness to act by regulatory fiat instead of executing laws as passed by Congress,” Heritage noted.

“The need for reform of the regulatory system has never been greater,” it added. “The White House, Congress, and federal agencies routinely ignore regulatory costs, exaggerate benefits, and breach legislative and constitutional boundaries.”

http://thehill.com/regulation/administra...tudy-finds

The economy is like a boat on the ocean. When new, it's clean and efficient. Over time, government imposes rules, regulations, and statutes on the economy. A similar situation occurs to the boat over time as barnacles attach themselves to its bottom.

If the trend continues and nothing is done to correct these situations, both the economy and the boat will be so weighed down that they'll sink.