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(Reuters) - President Barack Obama on Tuesday ordered a government-wide review of regulations with the goal of eliminating those that hurt job creation and make the economy less competitive.

Obama took action after unveiling his plan in an op-ed piece in the Wall Street Journal in which he said some rules have placed "unreasonable burdens on business -- burdens that have stifled innovation and have had a chilling effect on growth and jobs."

The executive order marked Obama's latest move to repair relations with U.S. business, which were frayed amid bitter debate over his overhauls of Wall Street regulations and healthcare that some business leaders said would stymie corporate America.

http://www.reuters.com/article/idUSTRE70H13W20110118" onclick="window.open(this.href);return false;

OH NO! If they get rid of the stifling burdensome governement regulations, OSBF will be out of a job!

andy7171 wrote:OH NO! If they get rid of the stifling burdensome governement regulations, OSBF will be out of a job!

That's OK. Mensa has offered him a full-time position.

Government has never gotten smaller and it never will. Just like big business has always had a free ride and always will, they need each other no matter how much they squabble.

Despite Obama's promise, the administration's legislative victories are producing dozens of new regulations, on everything from credit card fees to health insurance premium increases, to the annoyance of the business community.

Business leaders say government regulations, including those being written for the healthcare and financial reform, have hurt job creation at a time of nearly double-digit unemployment.

What percentage of voters are against the regulation of credit card fees and heatlh insurance premium increases?

Really, who gives a flying rip what the executives of those industries think? They create nothing of value for the economy.

Must be election season. Obama is fishing for corporate support. Expect nothing meaningful to happen. Long live Citizens United.

I do think a fear of our government is hindering the recovery. Nobody knows what to expect. Look at all the cash businesses are sitting on right now. I think many business are debating questions like this = Should I hire more people or should I make an investment in my facilities or equipment? They are afraid too because they don't know what the long term cost will be. Will more employees under the health care bill cause problems? Will EPA start regulating something I use or do and increase my cost? What is energy going to cost because of all the new regulations? It's very hard to make an informed business decision with all the unknowns so people are just waiting it out.

More platitudes from our Dear Leader.

Can't wait to see how his administration spins this non event. I have to admit they did an outstanding job spinning his so-called "capital gains tax decrease for small businesses" even though 99.9% of small businesses don't have capital gains to tax.

kalm wrote:

Despite Obama's promise, the administration's legislative victories are producing dozens of new regulations, on everything from credit card fees to health insurance premium increases, to the annoyance of the business community.

Business leaders say government regulations, including those being written for the healthcare and financial reform, have hurt job creation at a time of nearly double-digit unemployment.

What percentage of voters are against the regulation of credit card fees and heatlh insurance premium increases?

Really, who gives a flying rip what the executives of those industries think? They create nothing of value for the economy.

Must be election season. Obama is fishing for corporate support. Expect nothing meaningful to happen. Long live Citizens United.

And what percentage of voters are against government regulation driving up the cost of your credit card fees and interest rates, and driving up health insurance premium increases through things like mandates that people don't want, do need, and can't afford; ex restricting people in one state with expensive mandates from purchasing much less expensive insurance in another state without the expensive mandates?

kalm wrote:


What percentage of voters are against the regulation of credit card fees and heatlh insurance premium increases?

Really, who gives a flying rip what the executives of those industries think? They create nothing of value for the economy.

Must be election season. Obama is fishing for corporate support. Expect nothing meaningful to happen. Long live Citizens United.

Ok, so according to you the credit card industry creates nothing of value for the economy. So you don't use credit cards? You wish credit cards were abolished?

So you would rather have govt run health care with no private insurance?

BDKJMU wrote:

kalm wrote:


What percentage of voters are against the regulation of credit card fees and heatlh insurance premium increases?

Really, who gives a flying rip what the executives of those industries think? They create nothing of value for the economy.

Must be election season. Obama is fishing for corporate support. Expect nothing meaningful to happen. Long live Citizens United.

Ok, so according to you the credit card industry creates nothing of value for the economy. So you don't use credit cards? You wish credit cards were abolished?

So you would rather have govt run health care with no private insurance?

I'll admit to using a little hyperbole and of course credit cards serve a purpose. But in the grander scheme of things they pale in comparison to industries that actually produce something of wealth. Credit cards are more inclined to shift weatlh. So I wouldn't lose any sleep if they are are more severly regulated.

And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

And no, I don't use credit cards.

Baldy wrote:More platitudes from our Dear Leader.

Can't wait to see how his administration spins this non event. I have to admit they did an outstanding job spinning his so-called "capital gains tax decrease for small businesses" even though 99.9% of small businesses don't have capital gains to tax.

cuz they're all cheating.

Baldy wrote:More platitudes from our Dear Leader.

Can't wait to see how his administration spins this non event. I have to admit they did an outstanding job spinning his so-called "capital gains tax decrease for small businesses" even though 99.9% of small businesses don't have capital gains to tax.

Baldy, what do you want Obama to do?

*He could call an end to all governement and you'd find a way to criticise. Do you have any hope? Christ the guy you voted for 8 years single handedly ruined our economy. Give Obama a fucking break. This should be positive, you crotchety old fuck.

kalm wrote: And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

The overhead costs may be less but I ain't so sure. I read an article a while back telling how Medicare is run at only 3# overhead that explained that only the prime costs were added in as the expense or something to that effect and not all the rest of the administrative costs that regular insurance companies put in the overhead expense accounts.

If you are really thinking about it do you think the true cost of Medicare is only the 3@ overhead? I don't. Just because they are taking 3@ out of your right pocket doesn't mean that another 15@ or so isn't coming out of the left pocket.

I'm not gonna go look for it but just sayin'...

kalm wrote: I'll admit to using a little hyperbole and of course credit cards serve a purpose. But in the grander scheme of things they pale in comparison to industries that actually produce something of wealth. Credit cards are more inclined to shift weatlh. So I wouldn't lose any sleep if they are are more severly regulated.

And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

And no, I don't use credit cards.

Credit, and credit cards, helped fuel the growth of the world's productivity.

Without credit, ordinary people could not as easily purchase things...and without those billions and billions (queue Carl Sagan) of dolllars of credit purchases, a lot of manufacturing would not exist.

Ursus A. Horribilis wrote:

kalm wrote: And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

The overhead costs may be less but I ain't so sure. I read an article a while back telling how Medicare is run at only 3# overhead that explained that only the prime costs were added in as the expense or something to that effect and not all the rest of the administrative costs that regular insurance companies put in the overhead expense accounts.

If you are really thinking about it do you think the true cost of Medicare is only the 3@ overhead? I don't. Just because they are taking 3@ out of your right pocket doesn't mean that another 15@ or so isn't coming out of the left pocket.

I'm not gonna go look for it but just sayin'...

%

It's right above the 5 on a qwerty keyboard.

Cluck U wrote:

kalm wrote: I'll admit to using a little hyperbole and of course credit cards serve a purpose. But in the grander scheme of things they pale in comparison to industries that actually produce something of wealth. Credit cards are more inclined to shift weatlh. So I wouldn't lose any sleep if they are are more severly regulated.

And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

And no, I don't use credit cards.

Credit, and credit cards, helped fuel the growth of the world's productivity.

Without credit, ordinary people could not as easily purchase things...and without those billions and billions (queue Carl Sagan) of dolllars of credit purchases, a lot of manufacturing would not exist.

Time to live within our means. Fuck world productivity. This planet needs a break.

Cluck U wrote:

kalm wrote: I'll admit to using a little hyperbole and of course credit cards serve a purpose. But in the grander scheme of things they pale in comparison to industries that actually produce something of wealth. Credit cards are more inclined to shift weatlh. So I wouldn't lose any sleep if they are are more severly regulated.

And yes, given the overhead of private insurance companies versus medicare and the V.A. I would rather have public plans at least for basic healthcare.

And no, I don't use credit cards.

Credit, and credit cards, helped fuel the growth of the world's productivity.

Without credit, ordinary people could not as easily purchase things...and without those billions and billions (queue Carl Sagan) of dolllars of credit purchases, a lot of manufacturing would not exist.

They also create bubbles.

D1B wrote: Time to live within our means. **** world productivity. This planet needs a break.

Credit cards, managed well, do not stretch us beyond our means. They simply allow us to purchase items more easily...they facilitate trade. They protect your money...and smooth out the merchant's income stream. I could go on.

As far as the planet needing a break, the biggest threat to the planet is the breeding population of uneducated liberals and conservatives...with the main difference being that most conservative breeders pay for their offspring while the liberal breeders want everyone else to pay for their offspring. Furthermore, the libs then expect the government to force a redistribution of income so that the new "poor" standard of living, paid for by others, includes a free cell phone (those things really pollute the environment), a TV, and other such non-essentials.

So yeah, Donks need to cut this panet some slack and stop being so damned selfish and greedy.

kalm wrote: They also create bubbles.

Not really. In fact, an argument could be made that credit cards smooth out the revenue stream for both producers and merchants.

Cluck U wrote:

kalm wrote: They also create bubbles.

Not really. In fact, an argument could be made that credit cards smooth out the revenue stream for both producers and merchants.

Sure. If regulated properly.

Cluck U wrote:

Ursus A. Horribilis wrote: The overhead costs may be less but I ain't so sure. I read an article a while back telling how Medicare is run at only 3# overhead that explained that only the prime costs were added in as the expense or something to that effect and not all the rest of the administrative costs that regular insurance companies put in the overhead expense accounts.

If you are really thinking about it do you think the true cost of Medicare is only the 3@ overhead? I don't. Just because they are taking 3@ out of your right pocket doesn't mean that another 15@ or so isn't coming out of the left pocket.

I'm not gonna go look for it but just sayin'...

%

It's right above the 5 on a qwerty keyboard.

Thanks Cluck! I didn't even notice I did that....twice.

What I meant was 3^

kalm wrote:

Cluck U wrote:
Not really. In fact, an argument could be made that credit cards smooth out the revenue stream for both producers and merchants.

Sure. If regulated properly.

By the users.

Cluck U wrote:

kalm wrote:
Sure. If regulated properly.

By the users.

Well yes, that would be ideal...in theory.

kalm wrote:

Cluck U wrote:
Credit, and credit cards, helped fuel the growth of the world's productivity.

Without credit, ordinary people could not as easily purchase things...and without those billions and billions (queue Carl Sagan) of dolllars of credit purchases, a lot of manufacturing would not exist.

They also create bubbles.

Really? I can't think of a credit card bubble or a subsequent credit card bust. I can, however, think of a number of bubbles and busts that were created by flawed government and Fed policies.

CitadelGrad wrote:

kalm wrote:
They also create bubbles.

Really? I can't think of a credit card bubble or a subsequent credit card bust. I can, however, think of a number of bubbles and busts that were created by flawed government and Fed policies.

Cluck mentioned credit and credit cards. That being said, the amount of consumer debt in this country ain't helping and some of it is credit card driven.