Rising Tide Of Government Regulation Faces Rising Opposition From American People

Conn Carroll / October 29, 2010

The Heritage Foundation’s Red Tape Rising report released this week documents not only the rising tide of government regulation in President Barack Obama’s first two year’s in office, but also the tsunami of regulation set to crush Americans over his final two years in office. Specifically, fiscal year 2010 federal regulators promulgated 43 major rules estimated, by the regulators themselves, to cost the U.S. economy $28 billion. That is the highest level ever on record.

And that total only includes a few of the 243 new formal rule-makings by 11 different federal agencies required by the financial reform bill and the over 1,000 instances where HHS Secretary Kathleen Sebelius is empowered to regulate the health care industry by Obamacare.

Even before the Obama regulatory tsunami hits, the American people are already tired of government intervention in their lives. As the Gallup chart to the right shows, 49% of Americans say there is too much government regulation compared to only 27% who say their is too little. (more…)