Do you need to see it to believe it?
The Wall Street Journal published an article in the opinion pages from President Obama that said he intends to focus on rules that “stifle job creation and make our economy less competitive.” According to the Journal, he also suggests that future regulations must do their job while promoting economic growth.
Surely he’s talking about reigning in the EPA that is trying to cost farmers a collective bundle of money and time with their proposed NPDES permits, review of atrazine, stifling of the ethanol industry with the bifurcation of the higher blends rules, and the general pursuit of an environmental agenda without regard to the U.S. economy and what’s good for the consumer.
Addressing the unnecessary and overburdensome rulemaking by the U.S. EPA remains a priority for the Illinois Corn Growers Association during this 112th Congress and we are elated to see that Mr. Obama is on the same page. Making rules that both protect the environment AND allow farmers the freedom to farm will certainly stimulate the economy, as agriculture is a top driver of the economy in the U.S.
Other highlights of the Wall Street Journal article:
- Companies are currently sitting on nearly $2 trillion in cash and liquid assets, the most since WWII, due to a reluctance to invest because of additional regulations.
- Within the article, Obama also acknowledged the cost of regulation and said that sometimes “rules have gotten out of balance, placing unreasonable burdens on business—burdens that have stifled innovation and have had a chilling effect on growth and jobs.”