Tuesday, October 13, 2009

The new Obama Regulations will cost BILLIONS

Kiplinger reports below on all the new regulations being pumped out by Obama bureaucrats.

The cost of these new regulations will be reflected in higher prices which will be paid by every consumer. The only winner: turf protecting, power hungry bureaucrats who will reflect the arrogance of an administration that regards free markets as a silly anachronism.

The Obama administration is cranking out a slew of regulations affecting businesses.Political appointees are in control at most Cabinet departments and regulatory agencies, and they’re having an influence. Congress is also getting into the act, albeit more slowly. Most of the changes will boost labor protections against workplace hazards, discrimination, unfair pay policies and in other personnel disputes. For employers, it means more costs and red tape as they’re forced to show they’re in compliance.

“It’s hard to believe that a widget maker will have any time to make widgets in this hyper-enforcement environment,” says Rae T. Vann, general counsel at the Equal Employment Advisory Council, an employer group.