Health Care, Financial Reform Skirt Obama Review

WSJ ^ | 1/18/2011 | JARED A. FAVOLE

[Qbert]

WASHINGTON—President Barack Obama's government-wide review of federal regulations will have little effect on two of the president's major regulatory victories: an overhaul of Wall Street and the health-care market, according to a White House budget official.

The review focuses on old, outdated regulations so new ones written as part of the health-care and financial overhaul likely won't be affected, an official at the White House Office of Management and Budget said. Mr. Obama wants agencies to take a fresh look at old regulations to determine whether they are outdated or unnecessary. "New regulations will not be priorities for the lookback," the official said.

The president on Tuesday demanded that federal agencies review their existing regulations as part of an effort to eliminate rules that stifle economic growth.

"We are also making it our mission to root out regulations that conflict, that are not worth the cost, or that are just plain dumb," the president announced in an opinion piece published in The Wall Street Journal.

The move was welcomed by some Republicans and the business community. U.S. Chamber of Commerce President and Chief Executive Thomas J. Donohue in a statement praised the executive order as a positive first step. Still, he said, the U.S. regulatory system is broken. He added, "No major rule or regulation should be exempted from the review, including the recently enacted health care and financial reform laws."

[Qbert]

What a surprise... (/s)

[Nachum]

The list, ping

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[rockinqsranch]

“The review focuses on old, outdated regulations so new ones written as part of the health-care and financial overhaul likely won’t be affected, an official at the White House Office of Management and Budget said. Mr. Obama wants agencies to take a fresh look at old regulations to determine whether they are outdated or unnecessary. “New regulations will not be priorities for the lookback,” the official said.”

Same playbook as the Clinton Administration having had Al Gore head just such an excercise. I don’t recall anything but BS being accomplished then either.

[DrC]

The fact that they’re exempting some of the most costly and intrusive regulations in recent memory suggests what this is really about: optics, not substance. Were the health reform regulations subjected to the same scrutiny, Obamacare would be eviscerated—and the designers well know that.

[Munz]

Ping me on the nachumlist please

[Nachum]

You got it. :)

[GailA]

All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson

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