White House slashes red tape to boost economy

[The Northerner]

WASHINGTON — The White House on Thursday unveiled a series of measures to cut back on burgeoning red tape and simplify rules which it said could save US businesses "billions" of dollars over the coming years.

The US administration hopes the move will lift some of the burdens from struggling companies and give fresh impetus to the faltering jobs market with unemployment still hovering around 9.0 percent

In a move to boost job-creating small businesses, President Barack Obama in January ordered a review of government regulations to ensure the myriad of rules do not stifle economic growth.

He signed an executive order designed to ensure the recovering US economy is competitive and freed from suffocating red tape, while protecting the health of Americans, public safety and the environment.

Read more: http://www.google.com/hostednews/afp/article/ALeqM5hPT47WJZ25jLldFg1blrA-Zd4Uog?docId=CNG.80b23b06b8797cf929365dd8d249e49a.f11

[rocktivity]

1. Lack of red tape is not the problem. Lack of REGULATION is the problem!

:mad:
rocktivity

[Newest Reality]

2. Well Framed!

They made it sound so good and free and stimulative.

Check with Monsanto on how that works though. Red tape? Ha! Deregulate, as VP Bush Sr. would have said.

They usually conflate the benefits that will go to big corporations with small businesses and that boosts acceptance.

Rules are NOT stifling economic growth to any major degree, IMHO. So this is another boon for corporatism. The big companies are sitting on a lot of cash and have no real incentive to grow this economy when they can simply reap profits where ever they can and produce where it is cheapest. Simple formula and it works well for multinational players.

So, let's pretend that those pesky rules and regulations are what is holding back jobs and, if we give it time, we will see that the red tape is merely holding back profits that, by right, our riders are entitled to above and beyond anything else, including: life, people, environment, health, etc., etc.

[Fumesucker]

3. Single payer would have taken us a lot further toward being competitive..

[leftstreet]

5. +1

[phleshdef]

4. All the examples I've read so far seem like its a lot of paper work/data entry elimination.

I've yet to find any substantial "deregulation" in this order, contrary to what the typical knee jerk reactors around here seem to be saying.

[JuniperLea]

6. Thanks...

I was wondering this myself... but have no time to read more right now.

If you are correct, and I have to think you are spot on here, I would imagine the media spin is "see, he did it too... he's a very bad (black) man!" or something of that sort.