Some of the best intentioned among us may think regulations indeed serve a greater purpose, after all, certain companies are only in it to make as much as they can with as little effort as they can! Somebody should certainly make sure they are working under strict rules so this type of predatory behavior can be avoided and consumers can be protected.
Well, that’s everything regulations promise to do and the exact opposite of what they actually achieve.
A recent study carried out by American Action Forum demonstrated that the increase in consumer prices under the Obama administration is directly linked to the surge in the number of regulations it has adopted.
The study shows that since 2009, this administration has imposed at least 36 new regulations that range from new fuel-efficiency standards, which resulted in an increase in the price of automobiles by $91, to the cost of mortgages, which has risen to an abysmal $362 annually.
ObamaCare, this administration failure disguised as health care law, has also increased the prices of health care insurance.