Obama going soft(er) on business regulations (2 items)

Obama Goes Soft on Business Regulations
By Julianne Escobedo Shepherd

President Obama appears to be making some concessions to big business, with environmental and safety regulations potentially on the line. In a new op-ed written for the Wall Street Journal, he extols the creation of a new, “21st Century Regulatory System,” promising to eliminate rules on business that “conflict, that are not worth the cost, or that are just plain dumb.” He will be doing away with said rules as of today, after he signs an executive order that requires regulatory agencies to work in tandem with businesses — sounds utopian, but in the context of the financial bible, the WSJ, the message takes on a different sheen. As Jake Tapper points out, the piece signals a move more toward the center, whether perceived or actual, and reflects wishes made by his new Senior Adviser, former JP Morgan exec Bill Daley.

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Toward a 21st-Century Regulatory System
If the FDA deems saccharin safe enough for coffee, then the EPA should not treat it as hazardous waste.

For two centuries, America’s free market has not only been the source of dazzling ideas and path-breaking products, it has also been the greatest force for prosperity the world has ever known. That vibrant entrepreneurialism is the key to our continued global leadership and the success of our people.

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