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Willisms

« Totten In Iraq | WILLisms.com | The Sixth Mainstream Melee. »

Trivia Tidbit Of The Day: Part 293 -- New Regulation.

A Little Credit Where Credit Is Due-

From the OMB (.pdf):

Between 1981 and 2000, new regulations issued by the federal government imposed an average of $5.5 billion in additional costs to businesses, consumers, and state and local governments every year. Since 2001, however, that growth rate has declined significantly. The annual increase of regulatory costs has fallen to $1.7 billion annually, a 68 percent decrease in the growth rate of the previous 20 years.

Similarly, the average annual net benefit of major regulations issued by the Bush Administration between 2001 and 2004 is over double the average for the previous eight years.

But if the OMB is too pro-administration or pro-Bush for you, try The New York Times on for size:

costsofregulation.gif

This is just another thing for which grumpy conservative commentators fail to credit President Bush:

The overall regulatory record shows that the Bush administration has heeded the interests of business and industry. Like the Reagan administration, which made regulatory reform a priority, officials under Mr. Bush have introduced new rules to ease or dismantle existing regulations they see as cumbersome. Some analysts argue that the Bush administration has introduced rules favoring industry with a dedication unmatched in modern times.

For The New York Times, of course, this is a bad thing. That's why they have no qualms about reporting on it. For the rest of us, it's great news. It means, generally, more innovation, higher productivity, and greater actualization of the free enterprise system.

While some of us would prefer zero new regulations, or even a repeal of certain old regulations, the Bush administration seems to take the cost/benefit ratio of those few new regulations seriously (.pdf):

...this Administration issued regulations with net benefits over its first 44 months at a yearly average rate that is more than double the rate of net benefits produced by the regulations issued during the previous Administration.

Can conservatives today get past their Reagan nostalgia for a moment and agree that this President has been great on limiting taxes, great on free trade, great on limiting cumbersome regulations on business, great at tackling frivolous lawsuits, and great (actually, better than Reagan) on a variety of other fiscal policy issues?

People who claim that President Bush is not a real conservative, frankly, just need to get over themselves. That schtick is so late-2003.


-------------------------------------

Previous Trivia Tidbit: Killing The Dubai/UAE Port Terminal Management Deal Hurts Everyone But The Labor Unions.

Posted by Will Franklin · 11 March 2006 12:43 PM

Comments

I am having trouble getting past my nostalgia for Regan...It is really hard BUT, I will try???

Posted by: Zsa Zsa at March 11, 2006 01:42 PM

You are allowed to be nostalgic for Reagan. Just don't take it out on Bush.

Posted by: Will Franklin at March 11, 2006 01:45 PM

I will try not to. Actually, I like GW and think with all the things his Pesidency has given him??? He has held up very well. With all the anti Bush and anti GOPer's on his case every step of the way, I am very proud that he was able to get anything done... I am so thankful Al Gore or John Kerry were not elected!

Posted by: Zsa Zsa at March 11, 2006 02:01 PM

I felt like you were directing that at me, because you know how Ronald Reagan has a special place in my heart...I just wonder if they broke the mold when they made him?

Posted by: Zsa Zsa at March 11, 2006 02:05 PM

I was directing that more at conservative columnists who don't seem to realize how good they have it. And because of that, they are helping to drive Bush's numbers down with all their incessant complaining, which is actually hurting their own cause.

Posted by: Will Franklin at March 11, 2006 02:17 PM

Good...Because President Bush is a conservative and a very good conservative!

Posted by: Zsa Zsa at March 11, 2006 02:24 PM

Just remeber that Reagan was fighting a Democratic congress. He had to fight tooth and nail for everything he got for us. Not to diminish Bush's accomplishments, but if Reagan had had a Republican congress...

Posted by: JohnJ at March 18, 2006 04:54 PM