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Ron Johnson: “President Obama said, you know, don't even consider…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

Chairman Johnson's remarks at HSGAC Hearing 2-25-15.

Published February 25, 2015 | Video Starts at 14:23

It is, you know, quite honestly, disappointing. I know our leader, Leader McConnell, was with President Obama in the White House and apparently President Obama said, you know, don't even consider regulatory reform. Not interested in it. I hope, I hope that's not his, his real attitude. Certainly the, the bipartisanship of this committee. I've heard it. (14:23–14:28)

CLAIM

Asserts that President Obama expressed disinterest in regulatory reform.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Ron Johnson

“The regulatory burden is huge. These estimates are somewhere between 1.75 and over $2 trillion per year.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 01:56-02:04
“Our regulatory burden is as large as all but 10 economies in the world.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 03:06-03:12
“During the FDR administration is about 15,000 [Federal Register pages] per year. Under Nixon is 45,000. They were publishing about 80,000.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 04:08-04:17
“Dodd Frank in terms of regulatory, number of words is over 15 million. Obamacare was over 12 million.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 05:43-05:51
“The size of the American economy last year is $16.8 trillion.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 02:05-02:10
“The fourth branch of government has grown exponentially in terms of the regulatory burden over the years.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 09:25-09:32
“A federal judge did actually rule... that President Obama's executive actions as regards to deferred action... was a substantive rule and…”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 10:54-11:13
“There's no process for subtraction [in government regulations].”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 13:21-13:24
“One of the first proposals I made... was a bicameral sunset committee... whose only task was... subtraction [of regulations].”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 13:45-13:45
“We have reached that point [of] diminishing returns [in regulatory costs].”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 16:35-16:43
“The return on investment in terms of regulatory costs is dramatically diminishing.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 16:36-16:43
“The $1.82 trillion regulatory burden... these are projections.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 16:56-17:02
“I will guarantee you [community banks] feel like they're being affected dramatically by Dodd Frank.”
Chairman Johnson's remarks at HSGAC Hearing 2-25-15. | Uploaded February 25, 2015 | 23:24-23:28