President Obama today ordered a review of federal government regulations; ones that stymie economic growth and do not promote job growth.
The USDA’s Grain Inspection Packers and Stockyards Administration (GIPSA) proposed rule is a good starting point. The President has called for proper balance between not interfering with economic growth and protecting the public.
Should the proposed GIPSA rule take effect, upwards of 22,800 rural jobs will be lost at a time when job loss remains at record levels.
The president noted that his administration won’t shy away from addressing such things as stopping preventable infections in hospitals, but added, “We are also making it our mission to root out regulations that conflict, that are not worth the cost, or that are just plain dumb.”
To see why the proposed GIPSA rule is a good starting point for the Obama administration, read the following economic impact summary: An Estimate of the Economic Impact of GIPSA’s Proposed Rules.