Do you wonder if Mr. Obama might have a parting gift or two for America as he prepares to leave office in less than two months? Perhaps a new war is on his mind. He certainly has not been reluctant to engage in foreign conflicts during his tenure as president — Peace Prize be damned. Another possibility would be to import a massive wave of violent migrants, ready to wreak havoc on those parts of America he particularly dislikes.
One crisis that would be rather easy for him to precipitate would a financial catastrophe. And the nice thing about that would be that he could dump the whole mess on Mr. Trump as punishment for defeating Hillary who was Mr. Obama’s pick to replace him.
Speculations aside, page two reveals one example of his relentless drive to destroy this country economically.
The blind are still to busy sucking the mullahs feet
Robert Coletta 69 years old. First time I don’t accept as my President. Lots of False News and just olk fashioned LIES!
He needs an antperspirant!
Obama’s Parting Gift to Americans: $3,000 per Person in Cost of Regulations
3.88k
Over the short term, it’s really easily for an administration to rig the financial markets. F**e some statistics, trot out the Fed Chair to make some remarks, directly intervene in the financial markets, and a president can jam the markets around and scare the daylights out of people Over the longer term, not quite so easy as market forces build up in reaction to manipulation.
The socialist impulse in Mr. Obama is very strong. His concern for the welfare of the people of the nation he has led is not. He would object strongly to that last remark, but piling on the backs of Americans the costs of his compulsion to regulate everything in sight is no help to those people as they struggle to balance their budgets. Obama doesn’t care.
So it comes as no surprise that Mr. Obama is going to leave Americans with a regulatory burden of almost $3,100 per per person.
With the formal publication of the Environmental Protection Agency’s (EPA) second round of heavy-duty truck standards, which will impose at least $29.3 billion in burdens, the total regulatory tab since 2005 has surpassed $1 trillion. These total regulatory costs are calculated through the American Action Forum’s (AAF) Reg Rodeo, a searchable database of federal regulations. This should serve as a sobering reminder of the scale of regulatory burdens imposed during the last decade.
The $1 trillion figure represents official benefit-cost analysis figures from federal regulators that AAF has complied since we started the project in 2011. It represents the long-term, or net present value of regulatory burdens that have been or will be imposed during the next few years. AAF recorded $745 billion in annual benefits during the same period. For more perspective, $1 trillion is roughly the same as the Gross Domestic Product (GDP) of Mexico. On a per capita basis, there are 324 million people in the U.S., equating to a regulatory burden of $3,080 per person.
You can look the cost of regulations on an annual basis, and while this figure looks better, the implications are awful.
On an annual basis, the costs are less, but still staggering: $175 billion or an annual per capita burden of $540. In other words, each year every person (regardless of age) in the nation is responsible for paying roughly $540 in regulatory costs. These burdens might take the form of higher prices, fewer jobs, or reduced wages, all areas AAF has reviewed previously.
So a family of four pays an average of $2,160 per year in regulatory costs. Do you think, perhaps, you could find something better to do with that money if only you could?
To be fair, Mr. Obama’s predecessors have not helped matters. It’s just that Obama has been on regulatory overdrive.
There have been many milestones as AAF has tracked regulation. The Obama Administration surpassed 500 major regulations last summer, imposing $625 billion in cumulative costs. Earlier this year, regulators published the administration’s 600th major rule, increasing burdens to $743 billion. Now, thanks to data from the last term of the Bush Administration and another billion-dollar rule from EPA, the regulatory tally has surpassed $1 trillion. These figures are direct estimates from federal regulators, but it will take more than an effort from these regulators to amend hundreds of major regulations. Congress, the next president, and even the courts must participate in the next generation of regulatory modernization.
Since the resulting costs of new regulations are spread over the population and over a longer time-frame, it’s relatively easy for somebody like Obama to pile on the costs in his zeal to regulate.
As in other areas, Mr. Trump has a lot of work to do.
Source: American Action Forum..
This is what the last 8 years have been!
1.) Lowest Labor Participation Rate since the 1970’s. 95 Million Americans out of Labor Force since taking office.
2.) Worst Recovery since the 1940’s
3.) Lowest Home Ownership rate in 51 years
4.) Over 11 million more Americans on Food Stamps
5.) Over 43 million Americans living in Poverty
6.) 1 in 5 families without someone in the labor force
7.) 1 in 6 men (ages 18-34) are either in Jail or out of work force
8.) Accumulated more debt than ALL presidents before him COMBINED
9.) National Debt is $19.9 Trillion, which means in the last 8 years Obama has amassed $9.3 Trillion. He once said that $9 Trillion was irresponsible and unpatriotic
10.) Economic costs of Business Regulations since taking office is $873.6 Billion which includes $344 Billion for EPA Regulations
11.) Total NEW Regulations = 2,988
12.) Total 301,000 Manufacturing Jobs lost in last 8 years
13.) Americas Total Global Trade Deficit for 2016 is OVER $732 Billion
14.) 15 June 2009. Obama PROMISED (PERIOD) you would keep your health care no matter what. Millions have lost their doctors and have lost their plans. This year alone, Obamacare Premiums are up 25% on average, in Arizona 116%. Obama said the average American would save $2500 per year on health care. Kaiser Family Foundation says Employee sponsored benefits cost since 2008 is now $5462.00, a 43% increase. Deductibles are so high that the Health Care plans are useless. In some states, people only have ONE (1) Insurer to choose from and many Insurers are now pulling out because they are losing massive amounts of money.
15.) Failed Foreign Policies – Gave Iran $150 Billion dollars and they still are spinning their centrifuges. Red Line in the sand in Syria that Assad crossed and Obama didn’t do a thing. Now there’s a vicious Civil War. Gave Egypt F-16’s, Tanks and other armament which cost the American Taxpayers $1.5 Billion. Helped overthrow Khadaffi in Libya creating a Hot Bed for ISIS.
16.) In 2014 Obama called ISIS the “JV” team, in 2015 just before the ISIS attack in Paris that killed over 100 people, Obama said ISIS is contained.
17.) ISIS took over large parts of Iraq because Obama pulled American troops out too early purely for political reasons.
18.) Then there’s the Racial divide he’s created. Coddling up to Trevor Martins family, sympathizing with Ferguson and inviting Black Lives Matter to the White House before knowing any facts and essentially convicting good cops before any due process. Fergusons AG is now a defendant in a Defamation Law Suit filed by the 6 cops she smeared and is likely to lose because now the “Real” truth is out.
pos
He is a vengeful, mean spirited man !!!! That’s if he doesn’t get his own way !!!!!!!!!
The socialist impulse in Mr. Obama is very strong. His concern for the welfare of the people of the nation he has led is not. He would object strongly to that last remark, but piling on the backs of Americans the costs of his compulsion to regulate everything in sight is no help to those people as they struggle to balance their budgets. Obama doesn’t care.The desire to bankrupt America is apparently much stronger than any consideration for what he was consciously doing to America and ‘we’ the people.
This has been his unscrupulous agenda from the get go. Bankrupt America, bring us to our knees, no matter what the cost.
Bet Lester Holt wont report on this !!!!!!