Tuesday, January 18, 2011

Obama Sounding Like Reagan on Deregulation


It looks like the president is co-opting the GOP mantra on industry regulation. In this op-ed he attempts to show that he understands the pros and cons of regulation. He defends some of the actions that he has taken to impose more regulation on markets but he gives examples of regulations that may impose unnecessary costs on business. He also puts the focus on the reduction of regulatory costs on small businesses which are the engine of job creation.

The GOP will be scratching their heads on this one. How can they argue against themselves? They certainly don't want to invite him into their club either. Perhaps he has taken another lesson from the Clinton administration which frustrated the GOP by reducing budget deficits and taking leadership on fiscal responsibility.

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