-By Warner Todd Huston
On Tuesday, President Obama had an op ed published in the Wall Street Journal. In it Obama insisted that our economy has been hurt by “unreasonable burdens on business” and that the regulatory sector had “gotten out of balance.” He promised that he’d make efforts to trim away regulations costly to business. While the sentiment is certainly a good one, it strains credulity to imagine that Barack Obama would be the one to make those cuts especially in light of the huge regulatory state that Obama has spent enlarging at every opportunity over the last two years.
To be sure Obama needs to gain the confidence of the business community. After all, as far s the business sector is concerned Obama has considered them his number one enemy since he began running for president back in 2006. The economy has stalled precisely because everyone is afraid of what punishment via his regulatory powers that Obama will next mete out to them.
But Obama claims he’s going to change all that and just in time for him to ramp up his 2012 reelection campaign, too. He’s signed an Executive Order, he says, in order to “strike the right balance” between regulation and business success.
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Obama Now a Regulation Slayer? Hardly!”