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Regulation Business, Jobs Booming Under Obama

If the federal government's regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald's, Ford, Disney and Boeing combined.Under President Obama, while the economy is struggling to grow and create jobs, the federal regulatory business is booming.Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual "Regulator's Budget," compiled by George Washington University and Washington University in St. Louis.That's at a time when the overall economy grew a paltry 5%.Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.Michael Mandel, chief economic strategist at the Progressive Policy Institute, f

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Added: Aug-16-2011 Occurred On: Aug-16-2011
By: yorba
In:
Politics
Tags: big government, regulations, obama, SBA, EPA, jobs, Democrats idiots
Location: Washington, District of Columbia, United States (load item map)
Views: 6925 | Comments: 4 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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