A $3 Trillion Burden
null By James FreemanJan. 2, 2024 6:09 pm ET Photo: shawn thew/ShutterstockA year ago this column wasn’t buying Wall Street predictions of recession in 2023, but did suggest a proven method for President Joe Biden to encourage prosperity—and get himself re-elected. The idea was to move Bidenomics in the direction of Reaganomics by agreeing with congressional Republicans to reduce the burden of federal regulation. Sadly Mr. Biden did the opposite. His administrative agencies have been historically busy over the past 12 months, churning out new directives across the U.S. economy. It now appears that even before their year of frenzied rule-making, the overall cost of federal regulation was much greater than previously reported. Wayne Crews writes in Forbes on the Washington bureaucracy’s roster of new and proposed commandments:Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8About this articleBest of the Web Today“Best of the Web” highlights
Jan. 2, 2024 6:09 pm ET
A year ago this column wasn’t buying Wall Street predictions of recession in 2023, but did suggest a proven method for President Joe Biden to encourage prosperity—and get himself re-elected. The idea was to move Bidenomics in the direction of Reaganomics by agreeing with congressional Republicans to reduce the burden of federal regulation. Sadly Mr. Biden did the opposite. His administrative agencies have been historically busy over the past 12 months, churning out new directives across the U.S. economy. It now appears that even before their year of frenzied rule-making, the overall cost of federal regulation was much greater than previously reported.
Wayne Crews writes in Forbes on the Washington bureaucracy’s roster of new and proposed commandments:
Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
About this article
James Freeman is assistant editor of The Wall Street Journal's editorial page and author of the weekday Best of the Web column. He is the co-author of "Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi," recognized as a New York Times Editors' Choice and a Financial Times Business Book of the Month. He is a contributor to the Fox News Channel and a host of "Deep Dive" on Fox Nation. Before joining the Journal in September 2007, James served as investor advocate at the U.S. Securities and Exchange Commission, where he encouraged the transformation of financial reporting technology to benefit individual investors. He is a graduate of Yale.
Follow James on Twitter @FreemanWSJ
- TurboTax:
Up to 10% off online tax services with TurboTax discount code - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
Get 20% Off H&R Block tax software products - Top Resume:
Top Resume Coupon: 10% Off professional resume writing - eBay:
Unlock 10% Off orders With this eBay coupon - Groupon:
Groupon New Year coupon: Up to 75% off all local deals + extra 30% off at checkout
What's Your Reaction?
