When President Obama was making his final plans to vacate the White House so Donald Trump could take over, he must have been thinking about what he could do to create as much red tape and mischief for the incoming president as he possibly could.
Indeed, it sounds like he got out his pen and started signing every executive order he could get his grubby hands on just to spite the new president and make the transition a more complicated process. Just for the fun of it, you know!
Well, President Trump could smell this scheme from New York, and he was very prepared to handle Obama’s shenanigans from the very start!
According to Allen B West:
In November of last year, Obama set a record for adding 572 pages of regulations in one day, the most in a single day ever, and he then closed out 2016 having added 81,640 pages of new regulations overall, the most in any year ever.
The total regulatory cost of Obama’s new regulations alone is over $100 billion – and that’s in addition to the regulatory burden we already suffered prior to his presidency.
And Donald J Trump to the rescue:
On his first day in office, President Donald Trump put a hold on all new and pending federal regulation. They cannot be sent to the Office of Federal Registrar (OFR) as they otherwise would until they’re reviewed by a Trump-appointed secretary – and it’s unlikely many are going to survive that review process considering just how much of the regulatory code he plans on overhauling.
President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.”
At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have “gotten out of control.” A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.
“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people,” Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank. Democrats and interest groups have expressed concern about Trump’s plans to roll back Obama administration environmental protections and pull out of the landmark Paris climate accords, among other regulatory pledges.
Under socialism, currently called “democracy,” the most evil entity is any corporation that dares to make a profit that “Big Brother” hasn’t taxed out of existence, which means there’s no revenue to reinvest back into the company to create more jobs.
The best way to stifle prosperity is to raise taxes to intolerable levels, but Democrats have figured out that they can use that tax money to buy votes for themselves.
The best way to stimulate prosperity is to let companies keep their profits and force the politicians to pay for their own election campaigns and by not allowing them to bribe illegal immigrants and felons to vote for them.
Source: Allen B West