IBJNews

Obama considers shedding rules that hurt job growth

Back to TopCommentsE-mailPrintBookmark and Share

Taking another step toward mending his relationship with the business community, President Barack Obama will order a review of federal regulations with an eye toward getting rid of those that stifle job creation and hurt economic growth

The president planned to sign an executive order Tuesday telling federal agencies to look for rules that place an unreasonable burden on businesses.

In an opinion column Tuesday in The Wall Street Journal, the president also said he wants his administration to strike a balance between protecting the public and promoting economic growth.

The move comes as the Obama administration works to repair its relationship with corporate America, which has been reluctant to make investments and hire more people, in part because of uncertainty over government regulations and tax policies. Following his party's sweeping defeats in November's midterm elections, Obama acknowledged that he needed to better manage his relationship with the private sector.

Since then, the White House has steadily courted support from the business community: Obama held a five-hour meeting with CEOs in December; he named William Daley, a business executive, as his new chief of staff; and next month, he'll speak at the Chamber of Commerce, a trade group that has battled his top policy initiatives on health care and financial regulation.

Officials at the Chamber said Tuesday they were studying Obama's new regulatory review.

The review, Obama wrote, tells agencies to look for outdated regulations that make the U.S. economy less competitive.

"It's a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the influence of special interests in Washington over decades," Obama wrote.

Federal agencies also won't shy away from addressing gaps in regulations, such as new safety rules for infant formula and procedures that stop preventable infections from spreading in hospitals, Obama wrote.

"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," the president wrote.

Other regulations, such as the Clean Air Act or child labor laws, are necessary to prevent abuse, he wrote, and "strengthen our country without unduly interfering with the pursuit of progress and the growth of our economy," he wrote.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

ADVERTISEMENT