Debunking Obama's Claim, “I’ve approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his.”

This chart from The Heritage Foundation’s James Gattuso and Diane Katz sets the record straight.

So is Obama a complete liar? Not exactly...

As the chart shows, Obama was misleading the American people. While talking about the total number of regulations, he failed to mention that his administration’s major new rules were far greater in number and costlier than those adopted under President George W. Bush. It was a point that Sunstein made as well, earning him a “Pinocchio” from the Washington Post for “omitting important facts.”