Obama Announces Regulation Review To Stimulate Economy
President Obama announced through an opinion article published in Tuesday's issue of the Wall Street Journal that he plans to issue an executive order for a review of federal regulations.
Obama said in the Wall Street Journal:
"This order requires that federal agencies ensure that regulations protect our safety, health and environment while promoting economic growth. And it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive. 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's pro-corporation push to spur the economy comes on the heels of selecting former J.P. Morgan Chase & Co. Executive William Daley as his Chief of Staff.
Read Obama's full opinion piece here.