Obama's regulatory reforms

[Schadenfroh]

http://www.npr.org/2011/02/07/133571672/Obama-Seeks-Common-Ground-With-Business-Leaders

He called for new investments in education, research and infrastructure. And the president said this about one of the business lobby's biggest gripes: government regulation.

Pres. OBAMA: Already, we're dramatically cutting down on the paperwork that saddles businesses with huge administrative costs. We're improving the way FDA evaluates things like medical devices to get innovative and lifesaving treatments to market faster. And the EPA, based on the need for further scientific analysis, delayed the greenhouse gas permitting rules for biomass.

http://online.wsj.com/article/SB100...6088272112103698.html?mod=WSJ_Opinion_LEADTop

it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive. It's a review that will help bring order to regulations that have become a patchwork of overlapping rules
...
Where necessary, we won't shy away from addressing obvious gaps: new safety rules for infant formula; procedures to stop preventable infections in hospitals; efforts to target chronic violators of workplace safety laws. But we are also making it our mission to root out regulations that conflict, that are not worth the cost, or that are just plain dumb.
...
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.

I applaud Obama for removing unnecessary regulations that hamper progress. Our entire regulatory system needs a massive overhaul to maintain consistency, remove deprecated policies or those hampering long-term economic growth. Having worked on federal projects, the paperwork and rules can be a nightmare. Thankfully, we had layers and layers of bureaucracy / management to deal with those regulations / rules / paperwork so it mitigated science grunts like myself from much of it (although, there was still plenty to go around). Makes me wonder how much money we could save by axing the bureaucracy if the regulatory system was clear and simple (which does not mean deregulation, necessarily). Hopefully, Obama will stick to his words and make the system more streamlined and simple without overlap, conflicts and unnecessary impediments to progress while ensuring safe goods for the consumer and protection from monopolies (both foreign and domestic) while taking reasonable measures to ensure a relatively clean environment in ways that minimize impacts on manufacturing / agriculture and thus cost to consumers.

 

[Anarchist420]

Obama's actions in the past have not been that way. I actually just got done reading this:
http://blog.mises.org/15591/obama-uses-the-c-word/

I recommend everyone read it, as well as the linked article at the end.

That said, I'm not hopeful.

 

[EagleKeeper]

Those that are responsible for the regulations as a justification for their job are the ones to review.

Fox guarding the hen house!

 

[Lemon law]

Those that are responsible for the regulations as a justification for their job are the ones to review.

Fox guarding the hen house!

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IN MHO, a rather inane thing to say. Just about every time regulation is relaxed we get disaster. With Reagan it was the S&L meltdown, later we got the Enron disaster, then we got the worldwide financial meltdown of 2008, and then the Gulf oil disaster. All things proper regulation would have prevented.

But then when Obama finally does somethings to make regulation less burdensome, there is almost GOP dead silence. Take immigration reform which Obama advocates, but his track record is way better on arrests and deportations of illegal aliens than GWB's. On various health care fraud issues, again Obama is plugging loopholes, and fraud's used to getting away with easy crimes, now are getting caught.

All the GOP wants to do is have a talking point to bitch about, and at least Obama is lighting a pile of candles rather than simply cursing the darkness.

As it is, the USA is way under regulated, and the formula for success is in increased better less burdensome regulation.