Romney said that Obama " QUADRUPLED "regulations on small businesses. And this bogus claim has been repeated here by the Conservaposse.

HERE is what Bloomberg has found:

Obama’s White House has approved FEWER regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.

The average annual cost to businesses under Obama is LOWER than under his predecessors, the Bloomberg review shows. The increase is estimated to total as little as $100 million or as much as $4.1 billion, or

at most three one-hundredths of a percent of the total economy."