The Obama economy stayed sluggish, despite an avalanche of taxpayer and deficit cash, because businesses sat on their money; with cheap credit via “quantitative easing”, their cash on hand zoomed upward (leading to record high stock indices) – but job growth and productivity remained sluggish. With regulations metastasizing and Obamacare lurking over everything like a that friend from high school who stopped by and you just know is going to hit you up for a loan, business played it very very safe.
No more, it seems – or at least that seems to be written between the lines of this curiously schizophrenic NYTimes piece that seems to make a little room for every possible angle in re Trump, economic or not:
Mr. Trump bragged in a news conference last month that he has rolled back 22 regulations for every new one — 67 deregulatory actions, versus three new regulations. Often in conjunction with the Republican Congress, his administration has canceled several rules approved at the end of the President Barack Obama’s term, including a regulation on limiting mining debris in streams, a requirement that broadband providers obtain permission from customers to collect and use online information, and a ban on plastic bottles in national parks.
Administration officials said last month that, since January 2017, federal agencies have delayed, withdrawn or made inactive nearly 1,600 planned regulatory actions. Further rollbacks will affect financial services as well as energy and labor rules, among others.
And Mr. Trump has appointed outspoken critics of regulation to lead several federal agencies, including the Environmental Protection Agency and the Consumer Financial Protection Bureau.
All of which, to the Times, are troubling.