President Donald Trump has signed an executive action restricting the possibility for federal agencies to enact new regulations, a limitation that could apply not only to the economy but also to the environment.
The new executive order stipulates that for every new federal regulation, two must be revoked – this is another Trump campaign promise fulfilled, and a very big step towards draining the swamp. Trump said he was going to do “a big number” on the Obama legacy of financial regulations.
“It is important that for each new regulation enacted, at least two previous regulations have been identified with a view to their removal,” says the presidential text.
According to this decree, the army, national security and foreign affairs are the only sectors not to be affected by this limitation, which should therefore apply everywhere else.
The Obama administration had repeatedly taken steps to constrain the financial sector regulations, including the Dodd-Frank law re-framing Wall Street actions, which was voted in 2010 to avoid the excesses that led to the financial crisis of 2008- 2009.
However, in reality, “Dodd-Frank is a disaster,” said President Trump on Monday at a White House meeting with small business owners.
A noted climate-change-skeptic, the U.S. president has also repeatedly criticized the regulations of the Environmental Protection Agency (EPA), which has long been accused of curbing activity particularly in the oil sector.
A group of American scientists immediately denounced the “absurd” decree. “If, for example, the EPA wants to take a new rule to protect children from exposure to mercury, will it have to get rid of two other rules based on scientific data?” queried Ken Rimmel, President of the Union of Concerned Scientists.
It should be noted that Rimmel’s question presumes that all EPA regulations are sacrosanct and could not possibly be subject to something as demeaning as human judgment. However, the EPA is no more innocent than any government contraption – it exists to serve a mission, and it becomes bloated, top-heavy, and ineffective in the process of existing. Rimmel’s position lends the existing EPA regulations the status of papal decrees, which no mortal could ever question.
It is another one of the ways that atheist liberals replace their lost religion with their lost politics. They will never cling to God and guns, like the people who founded this country, choosing instead to believe in a borderless world where everybody is beautiful, and the climate never changes.
This is the way liberals bring meaning to their lives. To hear it from them, they were put here to save the planet – from people like us. Once they assume that much, then they become the sagacious saints of the new liberal religion, and the rest of us mere mortals become something akin to noble savages, or maybe idiot savants, at best.
Moreover, Obama believed the same thing about business as all college professors believe – that academics is in a class by itself, a class apart from the usual working/middle/upper class tiers of society. That is why all of the most divisive liberal politics have issued forth from college campuses lately where liberal safe-space fantasy becomes reality every day – until you leave campus and return to the real world, that is.
Pressing for financial efficiency, the presidential decree also states that the costs associated with new rules should not be “greater than zero” in fiscal year 2017, which ends at the end of September in the U.S.
For fiscal year 2018, the heads of each government agency will have to identify for each “extra-cost” regulation a way to compensate for it by removing an existing regulation. It is probably the first time in a long time that a Presidential action has been motivated solely by logic.
This decree marks the first concrete step in the strategy of deregulation promised by Trump during his campaign and enacted since he was elected to the White House in November.
When meeting with business leaders on Monday, the U.S. president repeated his wish to remove “up to 75%” of the existing regulations in the United States.
“We will simplify, reduce and eliminate regulations,” Trump said. “The regulations were horrible for big companies and even more for small ones.”
Trump called the executive order “a big one,” saying that “we want to make … life easier for small businesses,” adding that it would also benefit large businesses. “There can’t be any discrimination.”
The newly-signed decree, however, only tackles new regulations, even though it could have an indirect impact on the corpus of rules already existing.
“There will be regulation, there will be control, but it will be standardized control,” said the U.S. President, as he signed the decree in the Oval Office of the White House, surrounded by a group of small business owners.
What liberals do not seem to understand is that Trump believes the regulations are hampering U.S. business. For liberal snowflakes accustomed to receiving automatic handouts and automatic paychecks their entire lives, the thought of improving the environment in which business itself becomes established and grows, is just not on the radar.
Liberals refuse to consider the concerns of business – they think they are above the world of business. They actually think all the business people who make all the money in the world owe them. Liberals always demand for a significant portion of the wealth in society to be mysteriously and ceremoniously handed over to the people.
Liberals mistakenly equate the population of people with what is required to run a business. They think wealthy business owners owe them a handout because they would not be wealthy without people to work for them.
On the contrary, civilization as we know it would not exist were it not for the capitalist visionaries who founded our great country. For liberals to equate their existence with business wealth is the same as a spoiled rotten child equating its existence with business wealth.
The difference is that the business owner knows that if the business does not work, then it is their responsibility and they will have to find another way to earn a living and create wealth. But, the spoiled rotten liberal child of success knows that if one business fails, then they can always beg for handouts from all the remaining businesses.
So, who is really the smart one?
Imagine someone with that worldview running the government, and being in charge of business regulations. Barack Obama knew as much about business as any college professor – and that means he knew nothing at all. If even business professors, in colleges of business around the country, knew anything at all about business, they would be out in the real world running successful businesses, instead of working for their toady little tenure-track stipends. Higher education in America has become a joke, and the joke is on us.
In retrospect, Trump did not arrive in office a moment too soon, and the fact that American business, politics, and people, both tolerated and survived Obama for eight years is itself a testament to enduring American greatness.
This week, President Trump reassured Americans saying “We’re going to be doing a big number on Dodd-Frank,” and he added, “The American dream is back.”