Regulation Killing Opportunity

New major rules in the administration cost Americans billions of dollars annually. Several regulations out of Obama’s second term administration contribute to the growth, job creation and innovation of small businesses. Few of the new regulation don’t need that much attention or money due to other policies already in place. The presentation of all regulations can prevent future data corruption or misunderstanding.

During its first five years, the Obama’s Administration abused regulation to its way. Issuing 157 new major rules costing the American people approximately $73 billion annually. The authors of “Regulation: Killing Opportunity” James Gattuso and Diane Katz state “this Administration is very likely the most regulatory in U.S. history”.

One of the most reveal regulations is measuring the Red Tape. The cost and number of regulations can be tracked, and is growing rapidly. The author’s arguments are that a new regulation has accumulated the federal budget and the government. According to the article, the costs of the new regulations are felt in a variety of ways, including economic growth, innovation, and impeding job creation. (Gattuso, Katz, 2014). The author is trying to say that small businesses take more burdens of regulations, since is harder to gain back the cost invested. In the article “Business lauds Obama's call for review of 'excessive' regs” the author states “the country's excessive and inconsistent regulations have sometimes had a chilling effect on job growth and--in a nod to the priorities of the new House Republican majority--observed that small businesses often bear the burden”. Small businesses have a huge impact in society, these regulations provide an opportunity to grow and open more job positions for residents in the area. Also the administration can improve resources to expand the

The goal of policy makers is to eliminate unnecessary barriers instead of adding more regulations. One weak point in the article is the how agencies rely on private benefits. Agencies can benefit from the money of the costumers but without any regulation people lose ability. The Obama administration has hundreds of regulations projected that will only slow down the progress that is needed to help America prosper. According to the authors many of the goals presented by the administration are necessary and should require minimization. For example, the regulation of internet, that would require internet carries provide online content in a “neutral” way. By any means if a customer wants exclusive content a service should be charged with additional feeds. There is no need to regulate online content but more people should be aware of all the open information on the web. For instance, “imagine that the Food and Drug Administration approved new drugs without ever having tested them on people - that it approved drugs knowing only in theory how they were likely to interact with the human body”. One important regulation not listed is an independent organization conducting evaluations. According to an article that states “Many agencies do not have the staff, expertise or resources necessary to undertake these reviews.” This means