The Cost of Regulation
The year 2012 tops all during the past twelve years in terms of final rule cost but leading up to Election Day, the White House was stalling dozens of regulations…At one point, more than 84 percent of all rules under review were sitting at the White House for more than 90 days, 50 percent longer than in 2011.
Source: American Action Forum.
If you look at the first table, there seems to be no stability whatsoever in the numbers obtained. In 2009 the final rule cost was far less what was expected, good! But, what value does that have if the next year the final rule cost more than tripled the expectations? Wait, if we keep looking, we will see a major drop on the final cost for the following year…things are looking up!
…Wait…2012…again? I can’t keep up with so much instability.
Except for 2011 it looks like a trend.
Oh good ol’ ’05-’06 days…where have you gone!
Interesting, yet troubling data..
There is definitely a cyclical component here – with 2012 being an outlier (hopefully).
This is a troubling data no matter how you look at it.