By Mike Brownfield
In a press conference on Wednesday, President Barack Obama promised to boldly go where no President has gone before, taking “unprecedented” steps to cut back the tangle of regulations that are strangling businesses and leading to America’s anemic job growth. It’s certainly a welcome idea, but the only trouble is that despite the President’s claim, his brave new idea isn’t all that unprecedented, and he is, in fact, a big part of the problem.
Government regulation takes a heavy toll on the economy, tying down businesses and preventing them from growing, expanding and creating new jobs. President Obama’s regulators have played a big role in spitting out more red tape—in just two years, they have imposed close to $40 billion in new regulatory costs.
Businesses have loudly complained of those regulations (directly to White House Chief of Staff Bill Daley, in fact), so it’s no wonder the President made the following proclamation in a desperate attempt to recast himself as a deregulator:
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