Obama order is olive branch to business
January 18th, 2011
09:41 AM ET
12 years ago

Obama order is olive branch to business

NEW YORK (CNNMoney) - President Obama, in his latest effort to patch frayed relations with businesses, says he'll sign an executive order Tuesday to "strike the right balance" between health, safety and environmental regulations and economic growth.

The president, in an op-ed piece in the Wall Street Journal, wrote that his order would prompt "a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive."


Filed under: CNNMoney.com • Jobs • President Obama
soundoff (10 Responses)
  1. Mark

    This is why many Americans shouldn't be voting..

    You work for business NOT Obama's gov't and CNN campaign rally for Obama is going to kill business further!!

    January 18, 2011 09:49 am at 9:49 am |
  2. jules sand-perkins

    Bravo Obama AGAIN!
    They must be putting something into his drinking water.
    The Democratic President is out to encourage business and stir the economy, and Republicans are bickering amongst themselves.
    Well, life is change.
    CHANGE, maybe.

    January 18, 2011 09:53 am at 9:53 am |
  3. Raptor

    That's my prez. Moving to the center. I hope the republicans will get on board, along with the most left wing of his own party. A right balance is needed to allow businesses to make an extra buck (which will be taxed) therefore allowing more hiring and growth.

    January 18, 2011 10:24 am at 10:24 am |
  4. Four and The Door

    Regulations do have costs; often, as a country, we have to make tough decisions about whether those costs are necessary," the president wrote.
    President Obama is exactly correct here. The costs of regulation are higher unemployment, less revenues for the government and disadvantages for America across the economy. Everyone knows now how important the economy is in everyone's way of life.

    But certainly there are obvious levels of regulation that make good sense. For instance industrial safety, consumer protection, environmental protection and financial soundness. The problem recently however, is that the government has gone way beyond what makes sense in many of these areas in response to special circumstances because of pressure from special interest groups. Knee-jerk regulation is rampant and this is what is costing America dearly. This is not what we need with the ultra-high levels of unemployment, the housing crisis and low economic growth.

    January 18, 2011 10:31 am at 10:31 am |
  5. Inmyopinion

    Oh, he finally woke up and realized businesses are the creators of jobs and not government????? He finally understood that if you shut down businesses people are left without salaries, are left unemployed???? Glad he finally figured it out.

    January 18, 2011 10:43 am at 10:43 am |
  6. malabar

    Keep adding to the over 200 businesses that have been given a pass on a healthcare mandate that is detrimental to the business of staying in business. does it count when a dem pres has 1 set of flexible rules for businesses and another set for citizens. probably not, since war protestors have also become mute interestingly enough. funny how that works. thats 1 tight leash Obama has on his party. good dogs

    January 18, 2011 10:43 am at 10:43 am |
  7. Dominican mama 4 Obama

    the Securities Industry and Financial Markets Association, said it was "entirely appropriate" for the president to issue an order "to comb through existing rules and cut down stuff that is no longer applicable, doesn't work or is in conflict with existing or new rules."
    Take out the useless stuff that has been patchworked or piled on by previous administrations and have ultimately been ineffective and short-sighted in scope. some of these regulations on the books might well be impeding progress.

    Yet make no mistake. The President is not back-tracking. Wall Street Reform, and the likes, stay put.

    Once again,the ONLY ONE rolling up his sleeves and taking care of business in regards to the economy and the job situation is THAT ONE, President Obama. Thus far all the new and disproved House of Reps has done, under the "steely" guidance of the Weeper of the House is cry us a river of excuses.

    January 18, 2011 10:47 am at 10:47 am |
  8. S.B. Stein E.B. NJ

    The reason for regulations is to make sure that everyone is using the same set of rules. Businesses might cut corners and polute if it is cheaper and faster. They could also have less safe working conditions which could injure or kill people inside and out of the business.

    Working to get every agency to make sure they are using the same set of standards is important. There may be a need for Congress to re-write the rules for this though. That could slow this down.

    January 18, 2011 11:00 am at 11:00 am |
  9. Freedom of Speech in the USA

    says he'll sign an executive order Tuesday to "strike the right balance" between health, safety and environmental regulations and economic growth.
    Right, sure, sounds nice. This after they shut down oil drilling in the gulf, stop coal mining in West Virginia and attempt to impose their cap and trade madness through federal regulation after Congress refuses to pass it. Actions speak louder than words. Their actions to date have been nothing but an unrelenting attack on businesses, and therefore jobs.

    January 18, 2011 11:05 am at 11:05 am |
  10. wiredweirdoinSF

    Does anyone else wonder how many jobs were lost while he was "blasting" and "lambasting" the folks who create jobs in this country?

    January 18, 2011 11:16 am at 11:16 am |