Obama buys into business's regulation myth: Margaret Carlson

[Enrique]

http://www.businessweek.com/news/2011-01-19/obama-buys-into-business-s-regulation-myth-margaret-carlson.html

Jan. 20 (Bloomberg) -- President Barack Obama’s announcement that he would require federal agencies to review regulations on their books and remove those that “stifle job creation and make our economy less competitive” made me wonder.

Which ones would those be? The piddling bit of regulation of the oil industry, the paucity of which led to the BP Plc oil spill?

(...)

It used to be only Republicans could hear the dog whistle blown by corporate America, which insists it would be No. 1 in the world if only government would get off its back. It took a Democrat, Franklin Roosevelt, to rein in a financial industry that more than any other caused the Great Depression.

(...)

Now Obama is adopting the mindset of Republicans who believe that if business is regulated at all, it is regulated too much. He pledged to rid the country of “excessive, inconsistent and redundant regulation,” and to bring in businessmen and experts to help him do it. K Street, the president is calling on line one.

It’s a chump’s game; Obama can never keep up.

(...)

[Kalun D]

1. Seriously

I think Obama adopted this stance before he came into office.

dereg is the foundation of corporatism and Obama has been a corporatist from the start.

[ProSense]

2. This President

is the most pro-regulation President in at least the last 40 years.

[Proud Liberal Dem]

4. President Obama never seemed opposed to reviewing government programs (and, presumably, regulations)

to determine their value and effectiveness. I may be wrong but this push for regulatory review doesn't seem to me about inviting businesses to come in and just gut whatever regulations they don't like but rather weeding out some of the unncessary, duplicative, and/or inefficient regulations. Were people this up in arms over Al Gore's "re-inventing government" initiatives during the Clinton Administration? What's wrong exactly with having an improved (yet robust) regulatory structure that makes government run better, protects the public, and helps businesses at the same time? :shrug:

[OHdem10]

3. Did he buy into the myth, or did he get hit between the eyes

with a 4x4 with sign that read---Business runs this
country and there is only so much push back one president
can do.

The Chamber of Commerce and Businesses with millions
permitted to spend helped push the Republicans into office in the last election. The Chamber's Battle Cry: Repeal those new
Wall Street Regulations and get all those Free Trade
Agreements done.

Just as Bill Clinton had to eventually fold and bow to
Big Business, so will Obama.

Where is our People's Movement??? Congress pretty much
is now owned by Big Business and Wall Street.

It is not about buying into myths; it is facing reality.
Business Rules.

[ej510]

10. Obama knows this nation is fascist and he believes he has to

listen to them to get re-elected. If the democratic party stood up to them together they could take on big business, but they do not stick together like the repukes.

[Sheepshank]

5. Nonsense

The entire article goes into details of examples of how deragulation may hurt consumers, with the assumption that these are indeed the types of deregulation that will be put into effect. Assumptive bull crap.

Un Rec for using and reposting a stupid article and all it's hyperbolic assumption.

[mkultra]

6. the dogma that all regulation is good is foolish

regulation that protects the citizenry and adds competition is the only valuable regulation.

[Uzybone]

7. it is the same old left vs right thing

no matter the details of the issue, one side picks a camp and opposes the other side no matter what.

[mkultra]

8. yeah, thats called being stupid.

[ClassWarrior]

9. Point to where someone said "all regulation is good."

NGU.

[ClassWarrior]

12. Well?...

NGU.

[ClassWarrior]

14. Hmmm?...

NGU.

[ClassWarrior]

15. Yeah, I figured...

:eyes:

NGU.

[Enrique]

11. yeah, like the dogma that all terrorists should go free

and the dogma that the Pentagon should be eliminated and the dogma that all poor people should get a million dollars.

And other foolish ideas from progressives. :sarcasm:

[Name removed]

17. Deleted message

Message removed by moderator. Click here to review the message board rules.

[zulchzulu]

13. Why not have a review? It should always be part of the process

There may be regulations that need to be updated or even made stronger. Without a review, some things can leak through the cracks, no pun intended.

[Jakes Progress]

16. Ahhhh. The transformation is almost complete.

Even the most progressive forum sites have those that defend the corporate state.