When Barack Obama was running for president, he made no secret about his plan to "restore common-sense regulation"—read: increase regulation—by closing the regulatory loopholes he thought the Republicans had opened. Deregulation, he argued repeatedly, is the source of evil. Much like Franklin Delano Roosevelt during the Great Depression, Obama offered a sweeping, ambitious agenda: new financial regulations, new labor regulations, new energy regulations, and more.
Today Obama is the president-elect of the United States. With Democratic majorities in Congress, he will have tremendous power to push his "reforms." And unlike FDR before him, President Obama won't have to create a regulatory system from scratch in order to increase government control of people's lives. His groundwork was laid by George W. Bush.
Some people still seem to think Republicans take a hands-off approach to regulation, probably because the party is always quick to criticize the burdens regulations place on businesses. But Republican rhetoric doesn't always match Republican policy. In 2007, according to Wayne Crews of the Competitive Enterprise Institute, roughly 50 regulatory agencies issued 3,595 final rules, ranging from boosting fuel economy standards for light trucks to continuing a ban on bringing torch lighters into airplane cabins. Five departments (Commerce, Agriculture, Homeland Security, Treasury, and the Environmental Protection Agency) accounted for 45 percent of the new regulations.
Since Bush took office in 2001, there has been a 13 percent decrease in the annual number of new rules. But the new regulations' cost to the economy will be much higher than it was before 2001. Of the new rules, 159 are "economically significant," meaning they will cost at least $100 million a year. That's a 10 percent increase in the number of high-cost rules since 2006, and a 70 percent increase since 2001. And at the end of 2007, another 3,882 rules were already at different stages of implementation, 757 of them targeting small businesses.
Overall, the final outcome of this Republican regulation has been a significant increase in regulatory activity and cost since 2001. The number of pages added to the Federal Register, which lists all new regulations, reached an all-time high of 78,090 in 2007, up from 64,438 in 2001.
UPSIDE DOWN "ELITIST" AWARD - New York Times columnist David Brooks. For months, high-paid Beltway journalists competed with each other in advising candidate Obama on how to mingle with working class folks. Ubiquitous pundit Brooks won the prize for his wisdom on reaching "less educated people, downscale people," offered on MSNBC in June: "Obama's problem is he doesn't seem like the kind of guy who could go into an Applebee's salad bar and people think he fits in naturally there. And so he's had to change to try to be more like that Applebee's guy." It would indeed be hard for Obama to fit in naturally at an Applebee's salad bar. Applebee's restaurants don't have salad bars.
Questions are raised. Connections are drawn. Conspiracies are theorized. Guilt is imputed, implied, asserted and very widely associated. And more of the same feckless fingerpointing is exactly what Barack Obama should expect from the Republicans, the right-wing propaganda machine and their enablers in the mainstream media -- even after Illinois Gov. Rod Blagojevich has met whatever fate he deserves.
