Regulatory Spending Actually Rose under Bush

[Chris_]

Washington Post business columnist Steve Pearlstein cites  numerous examples of failure and concludes, “It’s time for the business community to give up its jihad against regulation.”

He says:

    "It hardly captures the breadth and depth of these regulatory failures to say that during the Bush administration the pendulum swung a bit too far in the direction of deregulation and lax enforcement. What it misses is just how dramatically the regulatory agencies have been shrunken in size, stripped of talent and resources, demoralized by lousy leadership, captured by the industries they were meant to oversee and undermined by political interference and relentless attacks on their competence and purpose."

Regardless, is Pearlstein right that federal regulatory agencies were “dramatically” shrunk? Not according to a new study from George Washington University and Washington University in St. Louis. The figure shows that regulatory spending actually rose an inflation-adjusted 31 percent during the Bush administration (FY2002-FY2009).

http://www.cato-at-liberty.org/2010/05/26/regulatory-spending-actually-rose-under-bush/