Obama's Tire Fire

May 24, 2016 |

A new study by the Heritage Foundation found that President Obama will leave behind a legacy far beyond the giant, post-Apocalyptic tire fire that is now the Middle East.

Since taking office, Obama has presided over the creation of a staggering 20,642 new federal regulations. That includes 2,353 new regulations just last year. The average cost to business and consumers since 2009 is over $22 billion a year. Add them all up, and Obama will leave behind over $100 billion a year in new federal regulation costs. But it could go even higher: during his final months, his Administration is cranking out new regulations faster than McDonald’s turns out hamburgers. His departing gift to us is over 2,000 proposed or final regulations barreling down the pipeline (the regulation pipeline being the only pipeline Obama hasn't regulated out of existence), with just 144 of those rules expected to cost a total of $100 million or more.

But it’s not just the direct costs of government meddling that form the Obama legacy. There are also the many bad consequences of all those costs, mandates and paperwork, like credit being harder to obtain as local banks shut down, reduced investment and innovation in the Internet, the obliteration of the US coal industry and its jobs, and of course, greatly reduced choices of health care plans and doctors under Obamacare.

So if you wanted to sum up the Obama economic legacy without having to wade through lots of depressing numbers, you could just look at overall GDP growth. In the first quarter of 2016, after seven years of “progressive” policies straitjacketing business, US GDP growth was galloping along at 0.5%. Perhaps we could build a monument to Obama’s economic legacy in Washington and carve that number on it. Except it will probably take us at least 20 years to comply with all the regulations to get a building permit.

Let me know your thoughts.  Leave me a comment below.  I read them! I really do!!!

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Comments 1-9 of 9

  • Gwen Lane

    05/25/2016 02:05 PM

    One of the things that concerns me most is his administration's proposed "experiments" with Medicare. As a metastatic breast cancer patient, the very last thing I need as I try to survive is having the government make it impossible for my carefully selected and trusted oncologist to be able to afford to see me!

  • Clifford Losee

    05/25/2016 12:49 AM

    If it was me swearing the oath on Jan. 20, on Jan 21 I would issue one executive order canceling all executive orders issued since Jan. 20, 2009. Either way the election goes, the damage has already been done and has gone to far to be repaired easily. So everyone that wants to remain on this promised land should get prepared and learn to live the simple Christ like life. We have been set up for a hard one.

  • Barbara S. Bearden

    05/24/2016 05:14 PM

    FOR SURE! EVIL TRAITOR, HATES THIS COUNTRY, WHAT IT STANDS FOR, HATES THE CITIZENS OF THIS COUNTRY, FUNDS THE ENEMY INSTEAD OF USING TAX MONIES FOR THE U.S. HE HAS DONE NOTHING FOR THIS COUNTRY EXCEPT CAUSE MORE RACISM, RIOTS, LACK OF HONOR TO OUR VETERANS, OUR FLAG & OUR COUNTRY. HIS LEGACY IS NEGATIVE ZERO. HIS FAITH IS DEFINITELY NOT IN GOD & COUNTRY. Sorry for the ALL CAPS but well, I'm one of the "mad & upset" citizens. I had NEVER donated to anyone until this year, I donated $25 to you & I so hated to see you drop out. We need you in the White House, even if it is that you're the only conservative we can look to. God Speed. Barb

  • Sandy Freeman

    05/24/2016 04:45 PM

    So ready for this lame duck to be out of there.

  • Blake Mars

    05/24/2016 03:45 PM

    Always appreciate reading your insight into the public sphere! Very true, and hopefully this next president will at least adopt fiscally conservative principles. If not, the consequences might be dire...

  • Sam Kemp

    05/24/2016 02:48 PM

    Perhaps 'President' Trump can determine the top 5 Department/Agencies tasked with these new regulations and with the stroke of HIS pen, eliminate the agency and solve the problem!

  • Vicki Cleghorn

    05/24/2016 02:42 PM

    Obama, a/k/a, the puppet of Islam, has achieved exactly what they bought and paid for him to: He's handed America over to have her head lopped off, figuratively speaking.

  • Mark Alarik

    05/24/2016 02:36 PM

    One of the failures of the GOP is that they are stuck in the status quo. They don't know how to "manage" the business of government.

    Elected Officials need to think much differently, even more so than Trump. See my video: https://youtu.be/mo2DCIyI94Y

  • Richard Suta

    05/24/2016 02:35 PM

    When Donald Trumps wins this election can or all of them be reverse.