catzmeow
Gold Member
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Obama Wrote 5% Fewer Rules Than Bush While Costing Business - Bloomberg
I wonder why Romney would lie like this?
How Obama Compares
Obamas 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. Bushs administration in the same time frame, according to an Office of Management and Budget statistical database reviewed by Bloomberg.
The number of significant federal rules, defined as those costing more than $100 million, has gone up under Obama, with 129 approved so far, compared with 90 for Bush, 115 for President Bill Clinton and 127 for the first President Bush over the same period in their first terms. In part thats because $100 million in past years was worth more than it is now due to inflation, Livermore said.
In the last 12 months through the end of September, the cost range of new regulations is estimated to be $8 billion to $9 billion, a decrease from 2010, according to non-partisan Government Accountability Office reports analyzed by Bloomberg. That total put the average annual cost of regulations under Obama at about $7 billion to $11 billion, compared with the $6.9 billion average from 1981 through 2008 in current dollars, according to the OMB data.
The record came in 1992 under George H.W. Bush when that total hit $20.9 billion in current dollars. In the last year of Ronald Reagans term it was $16 billion in todays dollars.
I wonder why Romney would lie like this?