President Obama deserves a “gold medal” for creating costly regulations, Senate Republicans said Wednesday in an Olympic-themed insult hurled at the administration.
{mosads}The attack came from the office of Senate Majority Leader Mitch McConnell (R) highlighted a study from the conservative American Action Forum that claims the Obama administration has issued 600 major regulations that cost the economy a total of $743 billion since 2009.
As The Hill reported earlier this week, the federal government has issued an average of 81 major rules each year under President Obama. These rules had an economic impact of $1.4 billion apiece, according to the study.
That averages out to about one major rule every four to five days.
“It is a $2,294 regulatory imposition on every person in the United States,” wrote Sam Batkins, director of regulatory policy at the American Action Forum, who conducted the study.