Considering thereare 2.7 million less jobs available for young people since 2008, cutting much of this federal regulation would be a great first step to a real recovery.
Here’s an excerpt from Bigelow’s piece:
The amount of major business regulations that the Obama Administration created in its first three years outnumbers those created by Bush 4:1. 106 new major regulations were created by the Obama Administration that cost businesses $46 billion annually. The Bush Administration created 28 new major regulations in its first three years that cost businesses $8.1 billion—nearly 5 times less.
If the government eliminated all regulations on businesses, the economy would see immediate job creation. It is simple: everything held constant, if you take the $46 billion annual regulation costs and divide it by a salary of $40,000—an amount that many of the 12.7 million unemployed citizens would gladly accept—it would equal more than one million jobs.