The Obama administration is responsible for nearly $500 billion in regulatory cost during its first five year, according to a new report by the American Action Forum.
Herman Cain responds to this alarming trend on his program Thursday.
“Every time they write a new regulation, it’s going to cost some body some money,” he said.
“With taxes, most of the time you can see those directly. But with all of the new regulations that are imposed on businesses, you may not see them directly or right away, there may be a delayed impact,” Cain said.
Cain cites Obama care as the perfect example of delayed impact of regulatory cost.