Aug
24
2011

News Report: Costly, Unnecessary Regulations Are Strangling the Economy

OK, that headline reflects one of the most common right-wing complaints against the Obama administration. (See Bill O'Reilly's bullet point on Monday: "Increased federal regulations: Cutting into profits and causing banks to hoard, not lend money.") That's the right-wing argument, but it's also the premise of some news reporting. Take this lead in today's USA Today: WASHINGTON — President Obama's effort to roll back costly regulations that are not needed could save more than $10 billion over five years, but critics say that's a drop in the bucket. That's a lot to pack into one sentence: Regulations are costly and […]