Jobs Booming Under Obama…Government Jobs

Regulation Business, Jobs Booming Under Obama

An excellent article that gets to the heart of much of the problems in this country today:

By JOHN MERLINE, INVESTOR’S BUSINESS DAILY
Posted 08/15/2011 07:01 PM ET

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, found that between March 2010 and March 2011 federal regulatory
jobs climbed faster than either private jobs or overall government jobs.

Regulatory production is way up, too, if you measure that by the number of
rules federal agencies churn out.

The Obama administration imposed 75 new major rules in its first 26 months,
costing the private sector more than $40 billion, according to a Heritage
Foundation study. “No other president has imposed as high a number or cost
in a comparable time period,” noted the study’s author, James Gattuso.

The number of pages in the Federal Register – where all new rules must be
published and which serves as proxy of regulatory activity – jumped 18% in
2010.

This July, regulators imposed a total of 379 new rules that will cost more
than $9.5 billion, according to an analysis by Sen. John Barrasso, R-Wyo.

And much more is on the way. The Federal Register notes that more than 4,200
regulations are in the pipeline. That doesn’t count impending clean air
rules from the EPA, new derivative rules, or the FCC’s net neutrality rule.
Nor does that include recently announced fuel economy mandates or eventual
ObamaCare and Dodd-Frank regulations.

But what’s good for regulators isn’t necessarily good for the private
sector, as compliance burdens impose ever-increasing costs on businesses.

“Our economy is continuing to sink,” Sen. Barrasso said, “and it’s being
weighed down by regulations coming out of this administration.”

By 2008, the cost of complying with federal rules and regulations already
exceeded $1.75 trillion a year, according to a 2010 study issued by the
Small Business Administration.

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