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Business Title: Obama Vows To Eliminate "Excessive" Regulation For Big Business President Barack Obama penned an op-ed in this morning's Wall Street Journal that reads like an apology to the business community. During the first two years, the Obama administration focused on economic recovery and the prevention of a future meltdown through financial regulatory reform. Today, however, his positions seems to have shifted as he announces a new executive order to review federal regulations and eliminate rules where possible.
Citing recent healthcare legislation and financial regulatory reform, major American corporations are shying away from spending money on growth. This is despite the fact that these companies hold over $2 trillion in cash and liquid assets.
The argument for less regulation reads somewhat antithetically. Obama is quick to point out how regulation places "unreasonable burdens on business — burdens that have stifled innovation and have had a chilling effect on growth and jobs." His executive order promises to eliminate "absurd and unnecessary paperwork requirements that waste time and money" as well as "avoid excessive, inconsistent and redundant regulation."
But in the same breath, he recognizes how a lack of government oversight nearly caused the next Great Depression. In the president's words:
Subscribe to *Obamanomics On Parade* Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Of COURSE he'll eliminate the excessive regulations on big businesses... After he NATIONALIZES them. In the end, the Party would announce that two and two made five, and you would have to believe it. ... The heresy of heresies was common sense. ME: Thanks for admitting that you ARE trying to spin this (AZ shooting, and terrorism) onto Palin, and conservatives in general. ME: THERE IS NO MORE MONEY. Inescapable conclusion? Socialists are unable to accept reality. I.e., they're INSANE. #2. To: Brian S (#0) During the first two years, the Obama administration focused on economic recovery and the prevention of a future meltdown through financial regulatory reform. Today, however, his positions seems to have shifted as he announces a new executive order to review federal regulations and eliminate rules where possible. What financial regulatory reform was that? There’s no way the banks can demonstrate that their documents are in order to the satisfaction of law or equity. Nor will the likes of MERS be able to demonstrate anything. If the spirit of Rabner’s order is followed, NJ ought to become the first state to impose the much-sought foreclosure moratorium. And at that point everyone should stop paying. Jubilate in Place, and pay only the property tax. Get local and state legislatures to rush through liberalized adverse possession laws to decriminalize it. (What’s good for the goose…) At one stroke we’d smash the banks and take a step toward liberating the land." attempter.wordpress.com " The dilapidated state of the international system is now so advanced that its cohesion is at the mercy of any large-scale disaster (4). Just look at the inability of the international community to effectively help Haiti over the past year (5), the United States to rebuild New Orleans for six years, the United Nations to resolve the problems in Darfur, Côte d'Ivoire for a decade, the United States to progress peace in the Middle East, NATO to beat the Taliban in Afghanistan, the Security Council to control the Korean and Iranian issues, the West to stabilize Lebanon, the G20 to end the global crisis be it financial, food, economic, social, monetary, ... to see that over the whole range of climatic and humanitarian disasters, like economic and social crises, the international system is now powerless. "--geab no. 52
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