Response to President Obama's June 29 Press Conference
Obama Blames Congress (Again), not his Regulatory State. Governing under a 9.1 percent unemployment rate, President Obama lauded his regulatory approach and blamed Congress for stagnant economic growth. EPA alone has piled on more than $20 billion in compliance costs and it estimates that over 58,000 jobs could be lost as a result.
Among other things, the Obama Administration has regulated:
- the Internet,
- greenhouse gases,
- for-profit universities,
- individual companies like Boeing.