(Steven Hayward) There's a phenomenon going back to the Carter-Reagan transition or before that is well known among K Street lawyers and what is called the "regulated community" (a perfectly Orwellian term for private sector business under the visible foot of government): outgoing Democratic administrations enact a number of new rule-makings on the last day of the administration, often very controversial and costly rules that the outgoing administration has sat on for
Source: Power LinePower Line