OMB — once a respected champion of cost-benefit analysis — has been reduced by the Obama administration to bootlicking arithmetic
EPA regulations — our economy’s golden goose?
Every dollar spent complying with federal regulations returned anywhere from $2.13 to $14.90 during the 2000s, according to a new
report from the White House Office of Management and Budget (OMB). EPA rules accounted for approximately 84% of this alleged regulatory largesse. Needless to say, the OMB report is total nonsense.
First, the OMB report is not a re-analysis of costs and benefits claimed by federal agencies or a retrospective analysis of actual costs and benefits. The report simply parrots and adds up what the hallucinatory agencies have previously claimed.
In particular and as we pointed out in “
EPA’s Clean Air Act: Pretending air pollution is worse than it is,” EPA benefits estimates are LOL-ably wild, if not entirely imaginary.
It’s really sad that OMB — once a respected champion of cost-benefit analysis — has been reduced by the Obama administration to bootlicking arithmetic.
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Steve Milloy publishes JunkScience.com and GreenHellBlog.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them
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