Obama Orders Regulation Review to Boost U.S. Growth |
| Bloomberg - Jan 18, 2011 |
President Barack Obama ordered a review of U.S. regulations to remove or overhaul those that inhibit economic expansion without helping consumers, advancing his outreach to the business community.
Obama wrote in an opinion piece in the Wall Street Journal today that he is mandating “a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive.” The initiative is part of an executive order he signed today, which he said would codify a “balanced” approach to regulation.
The president has sought to counter perceptions that his administration is insensitive to business interests, appointing a former corporate executive as his new chief of staff and planning to speak to the U.S. Chamber of Commerce next month. While the American recession ended in June 2009, employers have yet to step up hiring enough to pull the jobless rate below 9.4 percent.
Read Full Article from Bloomberg
- Posted: 2011-01-18 11:03:25
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