In times of recession and economic stress, one approach to addressing said stress would be to relax those regulations that impede or hinder economic growth.
You’d think the President, or at least his advisors, would know this, right?
“President Obama told Speaker John A. Boehner in a letter Tuesday that his administration is considering seven regulations that would cost the U.S. economy more than $1 billion per year, although he added that these rules are “merely proposed.”
All told, the seven proposed rules cited by Mr. Obama would cost companies at least $38 billion per year and could cost as much as $100 billion annually.
“Before finalizing any of them, we will take account of public comments and concerns and give careful consideration to cost-saving possibilities and alternatives,” Mr. Obama wrote to the Ohio Republican.”
One wonders if he will listen as closely as he did during the Obamacare process…