Obama to regulators: Can we please get this Dodd-Frank show on the road?

Erika Johnsen
Hot Air

As The Hill so aptly reminded us this morning, President Obama has overseen a “dramatic expansion of the regulatory state” and that the Code of Federal Regulations “has ballooned from 71,224 pages in 1975 to 174,545 pages last year,” further “solidifying the power of bureaucrats who churn out regulations that touch nearly every aspect of American life and business.”

But don’t you worry, ’cause he’s just getting started.

I bemoaned shortly after the election last November that President Obama’s second term meant the strengthened staying power of the Dodd-Frank and all of its accompanying uncertainty and economic damage — and despite his first term of heavy big-law helping to keep the economy in stagnation mode, he’d really like his financial team to get a move on, if you don’t mind. Via the Financial Times:

Barack Obama urged the top US financial regulators to speed up the implementation of regulations associated with the 2010 Wall Street reform bill, which have stalled amid disagreements between agencies and intense lobbying by big banks. …

“The president commended the regulators for their work but stressed the need to expeditiously finish implementing the critical remaining portions of Wall Street reform to ensure we are able to prevent the type of financial harm that led to the Great Recession from ever happening again,” the White House said after the meeting. …



The article continues at HotAir.


Related:   GOP rep: Regulations cost Americans almost $2 trillion in compliance costs every year




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