Barack Obama has been in panic mode ever since Donald Trump won the presidential election because he knows the president-elect will do everything in his power to destroy his legacy. That’s why Obama is about to push through last-minute law changes to try and protect his regulations and his legacy before he leaves office.
Daily Mail reported that midnight regulations are laws introduced between the November election and the January inauguration of the next president. Obama has the power to pass these rules thanks to a loophole in US law allowing him to put last-minute regulations into the Code of Federal Regulations.
As many as 98 final regulations are being reviewed by the White House right now, and they could all be put into law before Trump takes office. Politico reported that 17 of the regulations have been dubbed “economically significant,” with an estimated economic impact of at least $100million a year. Obama is also trying to push through regulations about issues that are important to him such as climate change and immigration.
In addition, Obama is moving forward with negotiations on an investment treaty with China and decisions by the Education Department on whether to offer debt relief to students at defunct for-profit colleges. He’s doing this despite the fact that Trump has often slammed China’s trade and currency practices and threatened to impose tariffs up to 45 per cent on Chinese imports.
House Majority Leader Kevin McCarthy reportedly wrote a letter to Obama on November 15 warning him not to move forward with his midnight regulations.
“Should you ignore this counsel, please be aware that we will work with our colleagues to ensure that Congress scrutinizes your actions – and, if appropriate, overturns them,” he wrote.
Trump himself has promised to cancel “every wasteful and unnecessary regulation which kills jobs and bloats government.”
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