Biden's Regulatory Overreach Hurts American Economic Prosperity
Submitted by MAGA
Posted 1 day ago
**Biden's Legacy: A Regulatory Quagmire that Stifles American Growth**
President Joe Biden's administration is rapidly cementing its reputation for fostering an unprecedented wave of regulatory overreach, which threatens to choke the very lifeblood of the American economy.
Since taking office, Biden has unleashed a torrent of new regulations, replete with compliance costs that could surpass $1 trillion. This represents a staggering 45 times the regulatory burden experienced during President Trump's administration.
On his first day, Biden signed an executive order dubbed “Modernizing Regulatory Review” that empowered regulators to impose extensive and costly rules without checks and balances.
Gone are the days when the White House Office of Management and Budget served as a critical watchdog over regulatory policies; it has now been transformed into an enabler of regulatory frenzy.
The 2024 Federal Register has expanded to an astonishing 107,262 pages— the largest in history, showcasing the Biden Administration's commitment to regulation at the expense of growth.
In just one year alone, 3,248 rules were finalized, with 343 of them deemed "significant." These regulations are likely to impose compliance costs exceeding $200 million, serving as a clear indication of the dangers ahead.
The repercussions of this regulatory avalanche are stark: small businesses and households are feeling the squeeze as compliance costs rise and economic flexibility diminishes. This overwhelming burden stymies innovation and curtails investment, thwarting the American spirit of entrepreneurship.
While the president's team can celebrate their regulatory crusade, the facts suggest a darker reality. A thriving economy is one where businesses can operate freely— a quality both essential for job creation and prosperity.
Looking ahead, there is hope that a Republican-led Congress could rein in this spiraling regulatory Leviathan. Plans to repeal these measures could resonate with voters weary of an austere regulatory environment.
Legislation could be proposed that ensures all existing regulations expire every five years unless substantiated. Requiring congressional approval for new significant regulations would offer additional layers of accountability and efficiency.
The time to act is now. Americans deserve an administration that prioritizes growth, innovation, and economic freedom over a suffocating regulatory framework. Reversing Biden's legacy of regulations is not just necessary; it is an imperative for the future prosperity of our nation.
Sources:
zerohedge.com
issuesinsights.com
economiccollapse.report
President Joe Biden's administration is rapidly cementing its reputation for fostering an unprecedented wave of regulatory overreach, which threatens to choke the very lifeblood of the American economy.
Since taking office, Biden has unleashed a torrent of new regulations, replete with compliance costs that could surpass $1 trillion. This represents a staggering 45 times the regulatory burden experienced during President Trump's administration.
On his first day, Biden signed an executive order dubbed “Modernizing Regulatory Review” that empowered regulators to impose extensive and costly rules without checks and balances.
Gone are the days when the White House Office of Management and Budget served as a critical watchdog over regulatory policies; it has now been transformed into an enabler of regulatory frenzy.
The 2024 Federal Register has expanded to an astonishing 107,262 pages— the largest in history, showcasing the Biden Administration's commitment to regulation at the expense of growth.
In just one year alone, 3,248 rules were finalized, with 343 of them deemed "significant." These regulations are likely to impose compliance costs exceeding $200 million, serving as a clear indication of the dangers ahead.
The repercussions of this regulatory avalanche are stark: small businesses and households are feeling the squeeze as compliance costs rise and economic flexibility diminishes. This overwhelming burden stymies innovation and curtails investment, thwarting the American spirit of entrepreneurship.
While the president's team can celebrate their regulatory crusade, the facts suggest a darker reality. A thriving economy is one where businesses can operate freely— a quality both essential for job creation and prosperity.
Looking ahead, there is hope that a Republican-led Congress could rein in this spiraling regulatory Leviathan. Plans to repeal these measures could resonate with voters weary of an austere regulatory environment.
Legislation could be proposed that ensures all existing regulations expire every five years unless substantiated. Requiring congressional approval for new significant regulations would offer additional layers of accountability and efficiency.
The time to act is now. Americans deserve an administration that prioritizes growth, innovation, and economic freedom over a suffocating regulatory framework. Reversing Biden's legacy of regulations is not just necessary; it is an imperative for the future prosperity of our nation.
Sources:
zerohedge.com
issuesinsights.com
economiccollapse.report
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