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AP: Romney still fibbing about the "cost" of federal regulations

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Romney is counting on American voters to be too uneducated, or lazy, to know that he's lying. And judging by recent history - Americans' "opposition" to health care reform, but support for most of its provisions, comes to mind - Romney's is a winning strategy.


Romney's vow to repeal "job-killing regulations" that are costing the economy billions of dollars may not be as easy as he makes it sound. He and many fellow Republicans complain that government regulations are a leading drag on jobs, but Labor Department data show that few companies where large layoffs occur say government regulation was the reason.

There's little evidence that the regulatory burden is any worse now than in the past or that it is costing significant numbers of jobs. Most economists believe there is a simpler explanation: Companies aren't hiring because there isn't enough consumer demand. Economists believe high levels of economic uncertainty are a leading complication for business, arising more from struggles over taxes and spending in Washington than from regulations.

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