Debunking the republican myth about regulations

Republicans have been beating the “too much regulation” drum since they were elected in 2010 (can’t whine about the deficit as much when you control the purse strings).

Is there any validity to it?
Here’s a fact, from bloomberg.

“Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.”

And, further down:

“U.S. Labor Department statistics show the impact of regulations on layoffs has been small.
Of the 7,247 mass layoffs last year — those involving at least 50 workers — 18 were the result of government regulation, according to department data. Of the 3,114 mass layoffs in the first half of this year, 11 were related to government regulation. By comparison, 1,053 mass layoffs were attributed to business demand.”

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