volinbham
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Interesting. The cynic in me says he sacrificed principle for re-election potential but either way I'm glad he finally saw the light on this one.
http://www.sltrib.com/sltrib/world/52507502-68/obama-epa-president-smog.html.csp
It begs the question though - if he recognizes how regulatory burdens and associated uncertainty are at the root of stagnation; why not go further?
http://www.sltrib.com/sltrib/world/52507502-68/obama-epa-president-smog.html.csp
Washington » President Barack Obama on Friday scrapped his administration’s controversial plans to tighten smog rules, bowing to the demands of congressional Republicans and some business leaders.
Obama overruled the Environmental Protection Agency and directed administrator Lisa Jackson to withdraw the proposed regulation to reduce concentrations of smog’s main ingredient, in part because of the importance of reducing regulatory burdens and uncertainty for businesses at a time of rampant uncertainty about an unsteady economy.
The announcement came shortly after a new government report on private sector employment showed that businesses essentially added no new jobs last month — and that the jobless rate remained stuck at a historically high 9.1 percent
It begs the question though - if he recognizes how regulatory burdens and associated uncertainty are at the root of stagnation; why not go further?