VIDEO: Over $38 Billion in New Major Regulations Since President Obama Took Office

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Despite a high unemployment and a sputtering economy, a new report reveals how the government may be making things worse by imposing bigger burdens on business. A new video from the Heritage Foundation highlights this explosion of government red tape.

And while this problem is not new–over $60 billion in new burdensome red tape was imposed under the previous Bush Administration–the explosion of new regulations under President Obama is unprecedented.

In his first two years in office, over $38 billion in new major regulations were implemented. And over $14 billion in new regulations are currently being considered.

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