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Obama's Parting Gift: Midnight Regulations Incoming

Obama's Parting Gift: Midnight Regulations Incoming

Win or lose, the Obama administration isn't done expanding the government yet.  A large number of regulations are under development in several agencies that will cost billions of dollars in the economy and devastate companies already struggling to profit and expand in this sluggish economy.  Even if President Obama is defeated, his administrations can act during the "lame duck" period between the election and the inauguration to leave behind new regulations that will be difficult for a Romney administration to repeal - a practice known as creating "midnight regulations".