Obama believes regulations are good…
…and in breaking news, the sky is blue! President Obama, speaking to the US Chamber of Commerce, tried to put forth the idea that regulations are a good thing.
From the Fox News report:
Speaking on matters that concern the business community with which the president has had a rocky relationship, Obama said, “The perils of too much regulation are matched by the dangers of too little.”
But, he said, regulations also serve a purpose.
“Already we’re dramatically cutting down on the paperwork that saddles businesses with huge administrative costs,” he said. “But ultimately, winning the future is not just about what the government can do to help you succeed. It’s about what you can do to help America succeed.”
He added, “We cannot go back to the kind of economy — and culture — we saw in the years leading up to the recession, where growth and gains in productivity just didn’t translate into rising incomes and opportunity for the middle class.”
The president took the opportunity to defend two of his primary legislative achievements — a Wall Street banking bill and health insurance reform.
“I know you have concerns about this law,” he said of the health law. “But the nonpartisan congressional watchdogs at the CBO estimate that health care tax credits will be worth nearly $40 billion for small businesses over the next decade.”
Of course, he neglects to point out that the “nonpartisan congressional watchdogs at the CBO” are hamstrung in how they can figure up their numbers, so you can trust what they say about as much as you can trust Paris Hilton to score perfect on the SAT.
Obama believes regulation is good, which it may arguably be in some cases. The thing is, far to many regulations are enacted for the sake of regulation, despite the fact that they have caused some of the problems they were created to prevent. Of course, admitting that would also force the President to admit that we don’t need the government to hold our hands and take extra special care of us.
Frankly, I suspect that would invalidate his entire political ideology, and we certainly can’t have that.