n_huffhines
What's it gonna cost?
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First of all, let me say that I'll take any deregulation I can get, but like with most things, Trump's camp is exaggerating/misrepresenting. This article is a little tedious, so I'll summarize:
No bitch....Carter majorly deregulated air travel, trucking, and the financial industry, which were huge driving factors (with actual substance) that led to the boom in the 80's. Nothing Trump has done comes even close to that kind of impact.
Trump says 22 rules repealed for every regulation passed. He's counting 176 actions. 44 of these were initiated by Obama. only 57 are significant (meaning they saved the economy $100M+). Obama was responsible for 4 of those. 11 were just delayed, not eliminated. All 14 regulatory actions taken by Trump are significant. So 22:1 sounds amazing, but it's not really representative of what is actually happening. Trump has only initiated the removal of 42 significant regulations and has implemented 14, or a 3:1 ratio. It'd be nice to know the total impact of all of these.
Trump Brags About Deregulation, but a Huge Number of His Deregulatory Actions Were Started Under Obama
"Regulatory reform is a cornerstone of President Trump's agenda for economic growth," wrote his regulatory czar Neomi Rao in October 2018. "The first two years of the Administration have produced unparalleled reform, and we project even more significant results in the coming year."
No bitch....Carter majorly deregulated air travel, trucking, and the financial industry, which were huge driving factors (with actual substance) that led to the boom in the 80's. Nothing Trump has done comes even close to that kind of impact.
Trump says 22 rules repealed for every regulation passed. He's counting 176 actions. 44 of these were initiated by Obama. only 57 are significant (meaning they saved the economy $100M+). Obama was responsible for 4 of those. 11 were just delayed, not eliminated. All 14 regulatory actions taken by Trump are significant. So 22:1 sounds amazing, but it's not really representative of what is actually happening. Trump has only initiated the removal of 42 significant regulations and has implemented 14, or a 3:1 ratio. It'd be nice to know the total impact of all of these.
One deregulatory action counted by the Trump administration was the elimination of Department of Education rules governing the Troops-to-Teachers grant program, which subsidizes veterans who are pursuing teacher's certification. The program still exists, but now it is administered by the Department of Defense.
The story is similar with the administration's repeal of rules for a Department of Commerce program that gave grants to local governments setting up TV and radio stations. The Trump administration axed these rules in September 2017, about six years after funding for the program had been discontinued.
In one interesting example from earlier this year, the Department of Labor counted as a deregulatory action the changing of the mailing address for its Benefits Review Board.
In another supposedly deregulatory move, the Trump administration compiled all the Department of Agriculture's import restrictions on plants into one "Plants for Planting" manual, without changing any of the underlying rules.
Even some of the truly significant changes the administration likes to talk up are not the result of Trump's deregulatory drive, but were rather policies that had been in the works for years, and that the Trump administration just happened to be in office for when they came into effect.
Take fishing regulations. In its Fiscal Year 2018 regulatory report, "Cutting Red Tape, Unleashing Economic Freedom," the administration included a whole section on "freeing America's fisherman" which notes that "large areas off the coast of New England have been opened to commercial sea scalloping for the first time in year," a move that is supposed to produce $654 million in economic benefits.
The change the report is referring to is known as the Omnibus Habitat Amendment 2 (OHA 2), which did indeed open up new fishing grounds for the commercial fishing industry.
Missing from the "Cutting Red Tape" report is the fact that most of the deregulatory changes included in OHA 2 had actually been recommendations from the New England Fisheries Management Council, which had been working on an update to federal law since at least 2004.
"As thrilled as we were that OHA was implemented, I think that was more of a staff determination after years of review. I don't think I could call that something that came from the oval office or from the cabinet," says Bob Vanasse, executive director for Saving Seafood, the media relations arm of the commercial fishing industry.
This kind of puffery has led Shapiro to treat Trump's deregulatory drive as essentially meaningless. He's been joined by other critics of the administration like Washington Post's columnist Jennifer Rubin, who has called Trump's deregulation "a myth."
Trump Brags About Deregulation, but a Huge Number of His Deregulatory Actions Were Started Under Obama