Politics

Sorry Republicans: Obama Created Fewer Gov. Regulations than Bush

| by Michael Allen

One of the Republican talking points that is being hammered on almost daily in the media is that President Obama's regulations are strangling businesses and preventing job creation.

However, a recent report by Bloomberg News, shows that Obama has actually created fewer regulations than President George W. Bush at the same point in his presidency:

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.

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 that’s because $100 million in past years was worth more than it is now due to inflation, Michael Livermore, executive director of the Institute for Policy Integrity at the New York University School of Law, said.

Those numbers, which do not include independent agencies such as the Securities and Exchange Commission, encompass the expense of new regulations, and do not take into account the economic benefits of healthier children, safer roads or fewer industrial accidents.