The Bush team has spent more taxpayer money on issuing and enforcing regulations than any previous administration in U.S. history. Between fiscal year 2001 and fiscal year 2009, outlays on regulatory activities, adjusted for inflation, increased from $26.4 billion to an estimated $42.7 billion, or 62 percent.A legitimate argument can be made that the right type of regulations were not in place, or that enforcement was lacking in crucial areas, but the idea that Bush was some sort of deregulator is a complete myth.
Wednesday, December 10, 2008
Destroying the "Deregulation" Myth
Blaming the Bush administration's "deregulation" for all or part of the current economic crisis is highly popular on the left -- except that it never happened. Veronique de Rugy, writing at Reason Online, details the massive expansion of regulation that took place under Bush. As she points out: