In a recent op-ed for the Wall Street Journal, U.S. President Barack Obama explains his rationale for signing an executive order that he asserts will help improve the nation's business climate and boost job creation.
According to the piece, the order mandates a government-wide review of current business regulations so as to remove those that are outdated or hampering economic recovery. The government, Obama writes, will be "making it our mission to root out regulations that conflict, that are not worth the cost and/or that are just plain dumb."
In particular, the president writes that he is tasking federal agencies to do more to relieve small businesses of the regulatory burdens placed upon them.
"Small firms drive growth and create most new jobs in this country. We need to make sure nothing stands in their way," he writes.
However, whether small businesses buy into this rhetoric remains to be soon. Some groups, such as the National Federation of Independent Businesses, said that they will be watching closely to see if this is mere political posturing or will amount to real change.
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