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| Credit: "New Dollar Bill" / www.allvoices.com |
Anyone wondering why the U.S. economy can't seem to grow at its usual pace should examine one product category where production is booming: federal regulation.
Washington set a new record in 2013 by issuing final rules consuming 26,417 pages in the Federal Register. While plenty of government employees deserve credit for this milestone, leadership matters. And by this measure President Obama has never been surpassed in the Oval Office.
The latest rule-making tally comes from the Competitive Enterprise Institute's Wayne Crews, who on April 29 will publish his annual review of federal regulation in "Ten Thousand Commandments." This is important work because politicians and the media treat regulation as a largely cost-free public good. Mr. Crews knows better.
Congress may be mired in gridlock, but the federal bureaucracy is busier than ever. In 2013 the Federal Register contained 3,659 "final" rules, which means they now must be obeyed, and 2,594 proposed rules on their way to becoming orders from political headquarters.
The Federal Register finished 2013 at 79,311 pages, the fourth highest total in history. That didn't match President Obama's 2010 all-time record of 81,405 pages. But Mr. Obama can console himself by noting that of the five highest Federal Register page counts, four have occurred on his watch. The other was 79,435 pages under President George W. Bush in 2008.
Read the full story: www.online.wsj.com
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