OMG! I Guess No One Told Obama About the 500+ Dodd-Frank Regs Alone...
I'm sorry but both sides need to take responsibility for the ridiculous regulatory environment we have created, regardless of who Obama decides to hat tip in his little WSJ op-eds. Worse, it will take a lot more than some stupid executive order to unravel. Even worse than that, all the executive orders in the world won't bring the jobs back.
President Obama said Tuesday he will sign an executive order to trim outdated and ineffective regulations that impede economic growth.
In an op-ed in The Wall Street Journal, Obama said the country's complex regulatory structures have sometimes had a "chilling effect" on job growth and, giving a nod to the priorities of the new House Republican majority, observed that small businesses often feel that burden.
"We're looking at the system as a whole to make sure we avoid excessive, inconsistent and redundant regulation," he said. "And finally, today I am directing federal agencies to do more to account for — and reduce — the burdens regulations may place on small businesses. Small firms drive growth and create most new jobs in this country. We need to make sure nothing stands in their way."
OH surely you don't mean burdens like 1099s for every purchase/sale over $600 that was carelessly stuffed into Obamacare, right?
Face it, people, we're screwed if this is the best we can get out of our leadership.
I'm sure more paperwork can solve it somehow.