A Small Business Administration study says total regulatory costs that businesses (and thus consumers) pay amount to about $1.75 trillion -- more than all collected personal income taxes. The Competitive Enterprise Institute found in this past year that the appearance of new rules -- including "major" rules that cost more than $100 million annually -- had dramatically accelerated.
Which isn't surprising.
When Obama was in a place of political comfort, the free market was a place of unhinged self-interest, unfairness and misery. Nearly all of our troubles were portrayed as a case of regulatory neglect -- and nearly every dilemma was met accordingly.
Nothing's changed but the political conditions.
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