Another Year, Another Post-Vacation Jobs Plan From Obama; Update: Obama’s Plan Includes Billions More in Annual Regulatory Costs
Posted on August 30 2011 – 2:14 PM – Posted by: Doug Brady
Too funny to be true. But it is, my friends…
President Obama on August 29, 2010, after returning to the White House following a vacation on Martha’s Vineyard:
We anticipated that the recovery was slowing – the economy is still growing, but it’s not growing as fast as it needs to. I’ve got things right now before Congress that we should move immediately, and I said so before I went on vacation, and I’ll keep on saying it now that I’m back,” Obama told Williams when asked if he had a jobs plan.
“There are a whole host of measures we could take – no single element of which is a magic bullet – but cumulatively can start continuing to build momentum for the recovery,” he said.
President Obama on August 29, 2011, after returning to the White House following a vacation on Martha’s Vineyard:
“I will be laying out a series of steps that Congress can take immediately to put more money in the pockets of working families and middle-class families, to make it easier for small businesses to hire people, to put construction crews to work rebuilding our nation’s roads and railways and airports, and all the other measures that can help to grow this economy,” he said.
I’m sure this post-Martha’s Vineyard jobs plan will be just as effective as last year’s, heh.
Update: Details from Obama’s latest plan to boost the economy and create jobs are beginning to ooze out. The only word I can think of to describe them is scary. Via Dave Boyer at the Washington Times:
President Obama told Speaker John A. Boehner in a letter Tuesday that his administration is considering seven regulations that would cost the U.S. economy more than $1 billion per year, although he added that these rules are “merely proposed.”
All told, the seven proposed rules cited by Mr. Obama would cost companies at least $38 billion per year and could cost as much as $100 billion annually.
“Before finalizing any of them, we will take account of public comments and concerns and give careful consideration to cost-saving possibilities and alternatives,” Mr. Obama wrote to the Ohio Republican.
Mr. Boehner wrote to the president last Friday, asking for an accounting of proposed rules that would cost more than $1 billion annually. “The economy cannot withstand the barrage of major new federal regulations planned by the administration,” Mr. Boehner said.
When they return to work in Washington next week, House Republicans plan to focus on cutting government red tape as a way to promote job creation.
The president listed four proposed Environmental Protection Agency rules and three in the Department of Transportation as having the high potential cost. An EPA regulation on air quality standards could cost between $19 billion and $90 billion per year.
In Obama’s mind, foisting $38 to $100 billion in additional arbitrary and capricious annual regulatory costs on an economy already on life support is just what we need. Remind me again…by what metric is Obama considered brilliant?