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Government
President Trump continues cutting regulations to ignite economy
2020-05-26
[LidBlog] President Trump directing the federal government to cut more regulations. The most visual of which will be in the medical field.

The Trump administration is looking to slice through the occupational regulations permanently that hinder doctors and other medical professionals to help spur on economic growth in recovery throughout the coronavirus (aka COVID19 or Chinese Plague)
...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
pandemic. Many of these same regulations were initially suspended to help with the COVID-19 cases swamping hospitals.

Tomas Philipson, acting chairman of the White House Council of Economic Advisers, said, "The White House has a great interest in further cutting down occupational regulations or state licensing requirements that are unnecessary. Obviously, we want to have exams for medical doctors, etc., but that’s something that I think is very valuable in terms of an overall economic agenda."

It’s more than only medical regulations, however.

President Trump signed a new executive order last Tuesday that directs the heads of all federal agencies to "identify regulatory standards that may inhibit economic recovery," if they don’t impair public health or safety. He added, "Agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery."

Deregulation has been a big part of President Trump’s economic agenda. It’s incredible what can be accomplished when you slash the red tape. People forget that tax cuts were not the only reason the economy got hot before the CoronaVirus shutdown. A considerable part of the recovery was the cutting of government regulations and red tape that tied the hands of businesses and empties their wallets.

During his first year as POTUS, the Trump administration got rid of twenty-two regulations for every one added, and the regulation removal has continued throughout his administration. "President Trump is achieving more on regulatory reform than many thought possible," Anthony Campau, a visiting fellow in regulatory policy at The Heritage Foundation, said in an October 2009, written statement.
Posted by:trailing wife

#2  And here they thought that they are the only ones who know how not to waste a crisis.
Posted by: g(r)omgoru   2020-05-26 11:53  

#1  Probably the most important reason to vote to reelect him. When I was working (in a bank), the number of employees we had just to fill out government paperwork was staggering.
Posted by: Tom   2020-05-26 11:48  

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