On the plus side he’s thinking in the right direction. On the minus side this smells more like a bargaining chip from an ideologue than a real about face in policy priority. Given the Chamber of Commerce’s reaction, this is likely to disappoint more than help if folks perceive this to be Obama’s smoking gun to boost the economy.
CNBC.com Article: Scrapping Regulations Will Save Businesses $10 Billion
The Obama administration revealed plans Tuesday to cut or roll back hundreds of federal regulations, saying it hoped to save businesses $10 billion and spur job growth.