The Obama Administration has just shattered the previous record for pages of regulations and rules published by the Federal Register in a single year.
According to a report by the Competitive Enterprise Institute, Obama’s presidency produced 81,640 total pages of regulations and rules for 2016, surpassing the previous record the administration set in 2010 by 235 pages.
Obama is the only president to ever surpass the 80,000 mark of regulatory pages produced, achieving the feat four times.
President Obama’s Federal Register added 572 pages on Thursday (Nov. 17) alone!
Clyde Wayne Crews of the Competitive Enterprise Institute warns that Obama’s manufacturing of regulations is not over. With the amount of time left in the year, the current pace of rule passage could bring many thousands of more pages.
“No one knows what the future holds, but at a pace of well over 1,000 pages weekly, the Federal Register could easily top 90,000 pages this year. The simple algebra says that at the current pace we’ll add 11,190 pages over the next 44 days, to end 2016 at around 92,830 pages,” said CEI’s Wayne Crews.
“This is astonishing and should be of great concern, and intolerable, to policymakers.” Said Wayne Crews. “It is remarkable enough that the all-time record has been passed before Thanksgiving.”
Crews called on President-elect Donald Trump to make good on campaign promises and cut regulations.
“President-elect Donald Trump could take a page from President Reagan, who brought page counts down from Carter’s 73,258 to as low as 44,812. We don’t need a pen and phone, we need a meat axe,” he said.
Regulatory reform is going to be a major focus of the Trump administration, according to the President-elect’s transition website.
The Trump administration’s efforts to combat the regulatory state “will include a temporary moratorium on all new regulation, canceling overarching executive orders and a thorough review to identify and eliminate unnecessary regulations that kill jobs and bloat government.”
To put into perspective what type of effect the regulatory state has on the American economy, a 2014 report by the National Association of Manufacturers found that regulatory costs on all firms exceed $2 trillion annually and disproportionally affect small businesses.