Late last summer industry chalked up one in the 'win' column of the "Economy vs Regulators" standings when President Obama asked the EPA to withdraw an air-quality rule business groups said would cost millions of jobs. The EPA wanted ozone standards tightened to 60-70 parts per billion, down from the 75 ppb proposed by President George W. Bush but never put in place. Most states currently adhere to a level set in 1997 of 84 ppb.
At the time, Jack Gerard, president of the American Petroleum Institute, was hopeful the White House was "becoming more sensitive to the uncertainty created by its heavy regulatory hand." As would be expected, environmentalists had another take. "The White House is siding with corporate polluters over the American people," said Frances Beinecke, president of the Natural Resources Defense Council. "The White House now has polluted that process with politics."
The environmentalist's view is overstated. Congress is facing 219 major regulation proposals, each with an estimated cost to the economy of $100 million or more. And the White House concedes seven of those will each have a price tag of at least $100 billion. The Administration has also increased the number of regulation proposals (environmental, financial and so on) it is drafting by 15 percent, and bumped up the budget for regulatory agencies 16 percent.
As it stands now, the score at the end of 2011 is actually one victory for business and the economy and 4,200 for the regulators. That's right. Along with the 219 big ticket regulations, the Administration admits another 4,000 new or revised regulations are in the pipeline.
At the time, Jack Gerard, president of the American Petroleum Institute, was hopeful the White House was "becoming more sensitive to the uncertainty created by its heavy regulatory hand." As would be expected, environmentalists had another take. "The White House is siding with corporate polluters over the American people," said Frances Beinecke, president of the Natural Resources Defense Council. "The White House now has polluted that process with politics."
The environmentalist's view is overstated. Congress is facing 219 major regulation proposals, each with an estimated cost to the economy of $100 million or more. And the White House concedes seven of those will each have a price tag of at least $100 billion. The Administration has also increased the number of regulation proposals (environmental, financial and so on) it is drafting by 15 percent, and bumped up the budget for regulatory agencies 16 percent.
As it stands now, the score at the end of 2011 is actually one victory for business and the economy and 4,200 for the regulators. That's right. Along with the 219 big ticket regulations, the Administration admits another 4,000 new or revised regulations are in the pipeline.