Obama spent eight years working tirelessly to mold America into his vision.
Countless burdensome regulations were rammed through.
But one simple thing President Trump just did could drive a stake through the heart of former President Obama’s “legacy.”
Expecting a win from Hillary Clinton, Obama didn’t finalize over 800 proposed regulations before leaving office.
Now, President Trump is not letting those regulations go into effect.
The White House just announced they had either withdrawn or removed from considering more than 800 proposed regulations from the Obama-era.
As reported by Reuters:
“The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government’s regulatory footprint.
In a report, the Trump administration said it had withdrawn 469 planned actions that had been part of the Obama administration’s regulatory agenda published last fall. Officials also reconsidered 391 active regulatory proceedings by reclassifying them as long-term or inactive “allowing for further careful review,” the White House said.
The steps to eliminate regulations makes good on a much-repeated Trump campaign promise to promote business-friendly policies. Investors have anticipated the action, helping to push share prices higher on hopes that fewer regulations will boost business growth and lead to higher corporate profits.”
The business community and conservative Americans were hit the hardest by the anti-business regulations of the Obama-era.
Those groups are seeing this as a welcomed move toward making America more business- friendly again.
This is a result of President Trump’s February executive order that placed regulatory reform task forces and officers within federal agencies.
That move is seen as the most far-reaching effort to pare back U.S. red tape in recent decades.
White House Budget Director Mick Mulvaney stated the Trump administration is addressing the “slow cancer that can come from regulatory burdens that we put on our people.”
Already, representatives from business industries are cheering this move.
The oil and gas industry, in particular, are excited.
As reported by Reuters:
“Representatives of the oil and gas industry cheered.
“We just got through eight years of a regulatory onslaught, aimed at curtailing oil and gas production. So we are very supportive of the administration’s efforts to roll back regulation,” said Kathleen Sgamma, head of the Western Energy Alliance, which represents oil and gas drillers in Western states.
She said membership was particularly pleased about the effort to repeal the methane rule, which the industry estimated would have cost about $50,000 per well. Methane is one of the gases scientists say is driving global climate change.”
It is clear President Trump is moving forward with his campaign promises.
The next four to eight years of Trump are sure to be good for business, and bad for liberals like former President Obama.
The response of Yogin Kothari of the left-leaning Union of Concerned Scientists proves that:
“Six months into the administration, the only accomplishments the president has had is to rollback, delay and rescind science-based safeguards.”
What do you think?
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