Peeling back Obama’s ‘onion’: It’s going to take time |

Peeling back Obama’s ‘onion’: It’s going to take time

The good news is that President Donald Trump has begun to peel back the massive regulatory onion that the Obama administration dumped on the economy. The bad news is that an effective rollback could take considerable time.

Last year alone Team Obama issued more than 3,800 rules. Just the so-called “midnight” regulations issued near the end of Barack Obama’s presidency cost an estimated $157 billion, according to the American Action Forum.

Under an executive order by Mr. Trump, every new regulation proposed by a federal agency, such as the Labor Department, has to be followed by eliminating two existing regulations, The Washington Times reports. Trouble is, it’s the type of rules, not just the sheer volume of regulations cut, that matters.

“It is important to focus on eliminating the equivalent regulatory burden rather than a specific number of regulations,” says Clyde Wayne Crews of the Competitive Enterprise Institute.

Under Trump’s order, government agencies will have a “cost cap” set by the Office of Management and Budget; agencies will be barred from issuing new rules after reaching their caps.

Naturally, liberal elites insist that the regulatory rollback will wreak havoc; some advocacy groups are suing the Trump administration over the president’s executive order. But for all their hand-wringing, nothing’s going to happen overnight.

After all, it took Mr. Obama years to build up this veritable mountain of federal red tape.

TribLIVE commenting policy

You are solely responsible for your comments and by using you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.