If Obama said this at the beginning of his term, one might conclude that he wanted to see how regulations are stifling competition, as is the case in the US today. That he's saying it after shifting towards an even more business friendly team, it's very worrying. The US regulations are already heavily titled in favor of the large corporate powers such as banking, telecom, internet and phone and something tells me Obama is not about to lift a finger to help consumers in any of those areas. There is an outdated belief within the administration that helping those powers will translate into jobs. They're wrong. New job growth will come from small businesses and not the big corporates. As I've said before, it's in the best interest of the big corporate executives to ship jobs overseas and they're doing a lot of that these days.
It's GOP-Lite. Once again Obama is playing right into the hands of the GOP. Each day he sounds a lot more comfortable supporting the GOP world view.
President Barack Obama ordered a review of U.S. regulations to remove or overhaul those that inhibit economic expansion without helping consumers, advancing his outreach to the business community.
Obama wrote in an opinion piece in the Wall Street Journal today that he is mandating “a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive.” The initiative is part of an executive order he signed today, which he said would codify a “balanced” approach to regulation.
The president has sought to counter perceptions that his administration is insensitive to business interests, appointing a former corporate executive as his new chief of staff and planning to speak to the U.S. Chamber of Commerce next month. While the American recession ended in June 2009, employers have yet to step up hiring enough to pull the jobless rate below 9.4 percent.
