Obama’s Regulatory Deja Vu: Dude, It’s Been Done, and It Flopped

Big Government "Don’t expect regulatory relief any time soon. The regulatory state is shaped by special-interest-group politics. Regulations rarely are adopted because consumers demand them or because they enhance society’s welfare. Rather, as the now-deceased Nobel laureate George Stigler once famously observed, private firms often lobby for regulations that they believe will give them an advantage over their competitors.

"Federal regulations are as responsible as anything for America’s lagging competitiveness. The solution is not another dose of regulatory review, but a curb of Washington’s regulatory powers."