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OpEdNews Op Eds    H3'ed 5/30/11

Obama Plans Gutting Regulations for Corporate Favorites

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-- freeing business from 1.9 million regulatory reporting hours relating to workplace safety; 

-- curtailing railroad and other safety standards;

-- stressing bottom line priorities over public benefits; and

-- assuring further deregulation follows current proposals.

Office of Management and Budget (OMB) director Jacob Lew said:

"Paperwork and reporting burdens are a serious problem....This is not a one time project. This is the beginning of what will become a new way of doing business."

Responding, the Chamber of Commerce applauded "some commonsense recommendations that will save businesses some time, money, headaches, and resources," adding much more needs to be done, saying:

"What we need is a plan to make our flawed regulatory system smarter, less intrusive, and more accountable."

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