Lanhee Chen, who is Director of Policy at Romney for President, posted a blog this morning criticizing the Obama Administration’s poor attempt at cutting job-killing, regulatory red tape.
Mr. Chen points out the insignificance of regulatory revisions that will save approx. $2 billion per year, when the administration has proposed or implemented more than $9 billion in new regulatory costs in the last month alone.
He also provides insight into what standards would be under a Romney administration:
Mitt Romney would take a radically different approach to federal regulation. The American people can rest assured that every cabinet member will know from day one that they are expected to “minimize regulatory costs” and that “imposing excessive regulatory burdens” is unacceptable. $2 billion of savings in the month after the administration proposed or implemented $9 billion in new costs may be the best that President Obama can offer, but such government expansion would be unacceptable in any month of a Romney administration.
Here’s the full blog post from the Official Mitt Romney blog:
NO CHEERS FOR OBAMA REGULATORY “REVIEW”
In an article in today’s Wall Street Journal, White House regulatory czar Cass Sunstein proudly announced the conclusion of “an unprecedentedly ambitious government-wide review of existing federal regulations.” The result? A smattering of insignificant regulatory revisions that will save approximately $2 billion per year.
To put in context just how small this savings is, compare it to the more than $9 billion in new regulatory costs proposed or implemented by the Obama administration last month alone. Even worse, compare it to the estimated $1.75 trillion in regulatory costs that the federal government itself estimates are borne by the American economy each year. If an “unprecedentedly ambitious government-wide review” only yields a one-tenth-of-a-percent reduction in regulation, perhaps it is long past time to give up hope that the Obama administration will ever understand the severity of our economic crisis and the need for fundamental reforms.
The worst indictment of President Obama’s leadership was actually buried at the end of the article where Mr. Sunstein – again with apparent pride – informed readers that “we are announcing today that Chief of Staff William Daley has given new instructions to the cabinet. He has asked cabinet members to minimize regulatory costs, avoid imposing excessive regulatory burdens, and prioritize regulatory actions that promote economic growth and job creation.”
One can only read those sentences and conclude that, for the first 950 or so days of the Obama presidency, cabinet members were not expected to “minimize regulatory costs” or “prioritize regulatory actions that promote economic growth and job creation,” and that they were free to “impos[e] excessive regulatory burdens.” Once again, the sad reality emerges: reduction of regulatory burdens and promotion of job creation were not even on President Obama’s radar screen for much of his term.
To quote Chief of Staff Daley’s own words, when confronted earlier this year by angry business owners frustrated by the rate at which President Obama’s regulatory agenda was destroying jobs: “Sometimes you can’t defend the indefensible.”
Mitt Romney would take a radically different approach to federal regulation. The American people can rest assured that every cabinet member will know from day one that they are expected to “minimize regulatory costs” and that “imposing excessive regulatory burdens” is unacceptable. $2 billion of savings in the month after the administration proposed or implemented $9 billion in new costs may be the best that President Obama can offer, but such government expansion would be unacceptable in any month of a Romney administration.
Yesterday, Governor Romney announced that on September 6 he will unveil his plan to grow the economy and create jobs. The Governor has worked in the private sector and he understands the ways that regulation can hinder job creation. Thus, one important part of his plan will be regulatory reform that relieves businesses and workers from some of the overwhelming costs and uncertainty currently imposed by Washington.
As President, he will perform the clean-up of federal regulation that our economy needs, but that President Obama has proven himself incapable of—and uninterested in—pursuing.Lanhee Chen is the Policy Director at Romney for President






















