Obama Orders Review of All Government Regulations

[The Northerner]

President Obama today is signing an executive order to start a government-wide review of federal regulations, in yet another overture to a business community that has been tepid in its support of the administration.

The president announced the regulatory overhaul in a Wall Street Journal op-ed in which he argues his administration has always strived to strike the right balance between enforcing commonsense regulations and allowing the free market to run efficiently. He acknowledged that some regulations are "placing unreasonable burdens on business" but also noted that a lack of regulation in the financial markets "nearly led to the collapse of the financial markets and a full-scale Depression."

The regulatory review will seek to eliminate rules that stifle job creation, are redundant, or are just "plain dumb," the president wrote. He gave the example of the recently-eliminated EPA rule that designated saccharin -- an artificial sweetener commonly added to coffee, considered safe by the FDA -- as a hazardous waste.

The review will also seek to add regulations that cover "obvious gaps," the president said, such as procedures to stop preventable infections in hospitals.

Read more: http://www.cbsnews.com/8301-503544_162-20028731-503544.html

[Oceansaway]

1. K&R...n/t

[jaxx]

2. This needs to be done.

Some of the stuff is probably outdated and of no use. Plus more needs to be put in, which they can do.

[DJ13]

3. The regulatory review will seek to eliminate rules that stifle job creation

Trade and outsourcing are the biggest destroyers of jobs here in the US, too bad that is probably off limits.

[leftstreet]

4. There are so many unemployed people who could be putting lead in paint

:eyes: