Obama-era regulations were actually beneficial and didn’t affect the job market according to a report released by Trump’s White House...um, that can’t be right, can it?
Republicans love to complain about the “burdensome” and “job-killing” regulations that plague America. So it is no surprise that they are fully behind the Trump administration’s work to chop about 67 environmental rules.
The GOP tends to oppose regulations, simply because they are regulations. No one could possible be against investigation the effects of toxins on children or be for unregulated disposal of coal ash. Yet, these are exactly the types of things they work so hard to get rid of. Is it because regulations like these cost too much compared to the actual benefit gained?
The short answer: no. According to a report released last week by Trump’s administration (yes, you read that right) the regulations, specifically those enacted by Obama, benefit the American people far in excess of the cost AND they have a minimal effect on jobs and economic growth.
According to the report, released by the White House Office of Management and Budget, the Trump claim that the Obama regulations “failed” is false, even the ones that cost a lot. Case in point, from 2006-2016 the air pollution regulations had the highest cost, but also had the highest benefit.
Also, that tired old “job-killing” claim, also false. Although there may be a few temporary effects or very local effects on employment immediately after a regulation is implemented, on the national level, there isn’t any significant effect at all, either positive or negative.
So basically, all of Trump’s frantic deregulation has nothing but a negative effect on the country, and if he doesn’t believe that, he can look to his own administration’s report for the proof.