Arguably, it would be hard to find another example of a U.S Government agency mandating more sweeping prophylactic economicregulation based on virtually no substantive evidence of a legitimate problem warranting Federal Government intervention.
The best way to improve economic competitiveness is to improve governmenteconomic policies, particular excessive borrowing, inefficient regulation, and excessive taxation.
Punching back at groups that warn about the dangers of excessive governmentregulation, President Obama is ordering a review of regulations that could harm economic growth and job creation.
If these programs succeed, Democrats will have revitalized a core argument of modern American liberalism: that the federal government, primarily through spending and regulation, has to be the first responder when we face an economic crisis.