Consumer prices will increase by more than $11,000 just from 36 of the Obama Administration’s regulations, reports the American Action Forum (AAF).
It’s a wallop to the jaw for everyday people. AAF’s research finds this includes higher-priced vehicles, pricier household goods, and more expensive food. “Energy-efficiency” standards are the biggest reason for higher prices.
Of course, politicians and bureaucrats claim they’re saving us money. So ask yourself, Have YOU saved $11,000 thanks to federal regulations?
Typically, agencies speculate that IF buyers keep using the mandated energy-saving products for long enough, they eventually will have a net gain. That’s IF things don’t wear out (or a light bulb doesn’t burn out).
As The New York Times researched and reported in 2012 about automobiles, projections of fuel savings often presume that consumers will keep their cars twice as long as is normal. Plus their study presumed gasoline would cost almost $4.00 a gallon. Projected “savings” also are not offset against interest paid on loans to buy more-expensive products, nor the extra repair charges to make old things last longer. Continue reading Wham! Regulations sock it to consumers
Claiming it wants to help us breathe better, the EPA chokes our economy.
While 40% of the country has not been able to meet the ozone standards issued in 2008, the EPA wants to go farther and faster. The proposal is a limit of 65 parts per billion to replace the current 75 ppb.
Trying to filter such tiny amounts from the air is vastly expensive. The National Association of Manufacturers reports that this would be the single costliest regulation in American history.
The Heritage Foundation’s Daren Bakst and Nicolas Loris write, “Lost jobs and less disposable income are not just economic costs; they can lead to significant health problems, particularly among the poor.”
And about carbon dioxide regulations, they say, “If the EPA is allowed to push through these jobs-crushing regulations, it will, at best, be able to boast a climate benefit of a few hundredths of a degree Celsius abated warming by the turn of the century. Sound like it’s worth it?”
Read more: Attempting to rein in the EPA | TheHill
Reported by Associated Press:
Electricity prices are probably on their way up across much of the US as coal-fired plants, the dominant source of cheap power, shut down in response to environmental regulations and economic forces.
New and tighter pollution rules and tough competition from cleaner sources such as natural gas, wind and solar will lead to the closings of dozens of coal-burning plants across 20 states over the next three years. And many of those that stay open will need expensive retrofits. Because of these and other factors, the Energy Department predicts retail power prices will rise 4 percent on average this year, the biggest increase since 2008. By 2020, prices are expected to climb an additional 13 percent, a forecast that does not include the costs of coming environmental rules.
Read More: Your electric bill will skyrocket with new energy regulation | New York Post
Runaway regulations from the executive branch, aided by vast delegations of power issued by Congress–these are the trends that burden Americans, outlined in the 9th annual “Red Tape Rising” report by The Heritage Foundation.
Highlights of the report by Heritage scholars James Gattuso and Diane Katz include:
- The number and cost of government regulations kept climbing in 2014. 27 new major rules in 2014 pushed Obama’s six-year total to 184, “with scores of other rules in the pipeline.” These 184 alone have an annual cost of at least $80-billion
- “President Barack Obama has repeatedly demonstrated his willingness to act by regulatory fiat instead of executing laws as passed by Congress.”
- But “A great deal of the excessive regulation in the past six years is the result of Congress’ granting broad powers to agencies through passage of vast and vaguely worded legislation.”
- The result? “Intensifying Washington’s control over the economy and Americans’ lives.”
The full report: Red Tape Rising: Six Years of Escalating Regulation Under Obama