Great video from Cato Institute.
Did you know that in 2008 the regulatory costs on business was $1.75 Trillion. That's 14% of GDP. That's not including the new regulatory costs of the BO/BS administration including Hellcare, EPA and Frank-Dodd.
If BO/BS was serious about creating jobs, then here's 3 steps that he could take.
1) Cut spending by 20%. Did you know that federal spending has increased by 30% since 2008? BO/BS has not had a budget his entire presidency.
2) Pledge no further tax increases.
3) Freeze all new regulations.
Don't hold your breath on him doing any of these. It is my belief that he is wrecking our economy on purpose. He pledged before the election that he was going to fundamentally transform our country. He's not done yet.
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