Regulation Business, Jobs Booming Under Obama

[CG6468]

Regulation Business, Jobs Booming Under Obama

By JOHN MERLINE, INVESTOR'S BUSINESS DAILY Posted 08/15/2011 07:01 PM ET

If the federal government's regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald's, Ford, Disney and Boeing combined.

Under President Obama, while the economy is struggling to grow and create jobs, the federal regulatory business is booming.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual "Regulator's Budget," compiled by George Washington University and Washington University in St. Louis.

Gotta have lots of regulators for socialism and communism.

LINK to story

[RightCoast]

Scary sh*t

[Eupher]

The word on the street is, FDA has become a major PITA.