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October 27, 2017, 09:11:13 AM
Lots Of Presidents Talked About Getting Rid Of Bad Regulations -- Trump Is Actually Doing It
Investor's Business Daily
Reegulation: Getting rid of unneeded regulations may be the single-most effective spur to economic growth that's available to the federal government. Thankfully, unlike most recent presidents, President Trump is taking the job of cutting bad regulations seriously.
That can be evidenced by the special "Deregulation Day" that Trump declared for his "cut the red tape" event on Monday. Hey, if you didn't know it was Deregulation Day, you're not alone.
Still, the president seems to be pushing a minor revolution of sorts, as he repeals all sorts of rules that once impeded the economy. And he's not done yet. The Competitive Enterprise Institute claimed "Trump ends fiscal year as America's least-regulatory president since Reagan."
It's no exaggeration. As the CEI has noted, Trump froze regulations early in his term and argued that up to 70% of regulations were simply unnecessary. He set a tone, and he's lived up to it. Consider this: The Federal Register, the bible of federal rules, peaked at record high 97,110 pages under President Obama in 2016. Today, under President Trump, it stands at 45,678 pages.
If you count the nine months of regulations propagated by Trump vs. President Obama in 2016, it comes out to 2,183 rules put forward by Trump, compared with 2,686 rules for Obama, an 18% decrease. But even those numbers are deceptive, since many of Trump's new regulations are in fact getting rid of or freezing old regulations. And in terms of the size, Trump's "significant rules" -- those having $100 million or more in estimated economic impact -- are just 116 in his first nine months, down 58% from Obama's 274.
The only problem with the world is that the idiots are cocksure and intelligent are doubtful.
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