Obama Moves Towards Deregulation

Writing in today’s Wall Street Journal, President Obama announced that he will be signing an executive order to review regulations with an eye towards getting rid of unneeded regulations, and making existing regulations less intrusive and more flexible.

As the executive order I am signing makes clear, we are seeking more affordable, less intrusive means to achieve the same ends—giving careful consideration to benefits and costs. This means writing rules with more input from experts, businesses and ordinary citizens. It means using disclosure as a tool to inform consumers of their choices, rather than restricting those choices. And it means making sure the government does more of its work online, just like companies are doing.

We’re also getting rid of absurd and unnecessary paperwork requirements that waste time and money. We’re looking at the system as a whole to make sure we avoid excessive, inconsistent and redundant regulation. 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.

When will the President learn that the public is tired of his constant socialist plots?

FILED UNDER: Economics and Business, Quick Takes, US Politics
Alex Knapp
About Alex Knapp
Alex Knapp is Associate Editor at Forbes for science and games. He was a longtime blogger elsewhere before joining the OTB team in June 2005 and contributed some 700 posts through January 2013. Follow him on Twitter @TheAlexKnapp.

Comments

  1. Jeff says:

    sure SOUNDS good … lets see what regulations are actually changed before spending your next paycheck on stock futures …

    the public is a little tired of hearing that Obama will bring his laser like focus to the economy … for the 10th time in the last 2 years …

    nice press release though … should do wonders for the unemployment rate of the price of oil …

  2. An Interested Party says:

    This will make no difference with the hard core partisans…there is nothing that the president could do to get some people to stop thinking of him as some sort of socialist who wants to irrevocably change this country for the worst…

  3. mantis says:

    Tell us what else “the public” thinks, Jeff, since you have such insight.

  4. john says:

    So does this mean he’s going to open up ANWAR to drilling? Or start issuing permits for Gulf drilling again (sure the ban’s technically lifted)? Maybe reopen that mine he just shut down in WV?

    Talk is cheap.

  5. Franklin says:

    This means writing rules with more input from experts, businesses and ordinary citizens.

    So what he’s saying is more input from lobbyists. Sounds great.

  6. Dave Schuler says:

    I’ve got to admit that I found the op-ed confusing. It purports to be a move towards a 21st century regulatory regime but it sounds like a move towards an improved mid-20th century regulatory regime.

  7. anjin-san says:

    Ummm. Jeff? Are you familiar with how the stock market has performed since Obama took office? Apparently not. The right wing cult of ignorance rolls on…