Obamas secret (and illegal) regulatory bomb The fiscal cliff looms and, because it would be the largest tax hike in history, certainly deserves all the attention its getting. But a regulatory cliff also looms an astonishingly growth-crushing regulatory agenda that could be even more devastating than the fiscal cliff. How devastating? Obama refuses to tell us. And thats illegal. Under the Regulatory Flexibility Act, the president is required by law to submit his regulatory agenda to Congress twice a year, in April and October. The report is required to include every economically significant regulation in the pipeline. This year, April came and went and the legally required report wasnt filed. Senator Jim Inhofe (R-Okla.) last week politely asked President Obama to follow the law: I request you comply with the law and publish the federal governments regulatory calendar this month. Businesses and communities need to understand the future regulatory landscape in order to properly plan and invest in the economy. The reply? None. October came and went with no response and no legally required regulatory agenda report. Thats because complying with the law would tell the American people how much economic pain the Obama administration has stored up for a potential second term. We dont know exactly how big the regulatory bomb is going to be because of Obamas illegal secrecy, but an estimate from the National Federation of Independent Business of some of the known rules clocks in at over $515 billion in economic costs. That estimate doesnt even include an expected ban on coal-fired power plants whose costs could run into the trillions. This President thinks he's above the law. His bootlickers let him get away with it.