As of now, I am in control here, in the White House

Obama Regulation Review Composed of Granola

Oops. Seems that President Obama’s order for agencies to make sure their regulations are good for the business may not be all that it seems.

As the Wall Street Journal points out today, a reading of the fine print shows that in addition to making sure regulations meet the Chamber of Commerce Good Housekeeping Seal of Approval, the EPA and the rest of them must ensure the rules pass muster with Pete Seeger.

When the agencies weigh costs and benefits, the order says, they should always consider “values that are difficult or impossible to quantify, including equity, human dignity, fairness, and distributive impacts.”

Talk about economic elasticities. Equity and fairness can be defined to include more or less anything as a benefit. Under this calculus, a rule might pass Mr. Obama’s cost-benefit test if it imposes $999 billion in hard costs but supposedly results in a $1 trillion increase in human dignity, whatever that means in bureaucratic practice. Another rule could pass muster even if it reduces work and investment, as long as it also lessens income inequality.

Oh well. It didn’t seem from the initial announcement that “spreading the wealth around” was going to be part of the review, but I guess this should have been expected.

I’ve got an idea. I’m going to count this blog’s “distributive impacts” and its┬ácontribution to equity and fairness, and I’m going to demand that I be allowed to buy Treasury Bills with it.

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4 Responses to Obama Regulation Review Composed of Granola

  1. Word salad. Has anyone picked up on how they now say something will “support” x-numbers of jobs instead of create or save. Busy little bees over there,

  2. After reading this explanation of the Obama regulations criteria, I’ve come to the conclusion that I’m too stupid to understand the English that’s spoken in DC. .

  3. The whole bloody thing is a charade. Yet, Americans will, on cue, watch tonight as more word games, clapping-on-cue and carefully scripted emotive moments are designed to entertain us as we sit in our lazy-boy recliners holding the remote. The country then has its Oprah moment when the doctors will stand up, take a bow and the country melts and Obama once again, becomes our buddy.

    We are the Stepford Democracy:
    http://www.youtube.com/watch?v=OXHkOlDTYx4