If there’s one thing that everyone – NeverTrumpers, fiscal hawks, small businessmen, and even liberal Democrats – can agree on when it comes to this presidency, it’s that Donald Trump has come through in a major way when it comes to slashing through the red tape. Not everyone, of course, will be as happy about this as those that know how much Obama’s regulations hurt the economy, but they can’t deny the facts as they lie: Trump promised to kill two of Obama’s regulations for every new rule his administration implemented, and he has delivered on that promise and then some.
From the Washington Examiner:
Departments and agencies including the departments of Labor, Education, Agriculture, and the Environmental Protection Agency have led the war on regulations, according to federal reports.
Mick Mulvaney, the acting White House chief of staff, said that President Trump has a builder’s approach to regulations and federalism.
“It is the best kind because it is real and it’s born of real world experience,” said the former House member.
“The president has it because he had to go and pull a permit to build a building and deal with bureaucracy and doesn’t like that and knows why that impedes growth and impedes development, impedes creativity,” said Mulvaney. “It’s an extraordinarily common sense approach.”
Which is exactly what has been missing from Washington for far too long.
But the great thing about deregulating the economy isn’t that it’s a good unto its own sake, but because it has real-world, palpable effects on the ground. According to a recent report from the White House Council of Economic Advisers, Trump’s deregulation efforts will raise American incomes by more than $3,000 over the course of the next five to ten years.
“The deregulatory efforts of the Trump administration have also removed mandates from employers, especially smaller businesses, and have removed burdens that would have eliminated many small bank lenders from the marketplace,” Casey Mulligan, the chief economist for the Council of Economic Advisers, said. “These deregulatory actions are raising real incomes by increasing competition, productivity, and wages.”
It should not be forgotten amidst the culture wars and the chants and whatever else that Trump has presided over one of the strongest economies in American history. This didn’t happen by accident, and it didn’t happen because Trump took over “Obama’s economy.” It happened (and is continuing to happen) because of that common-sense approach that Mulvaney spoke of. Hopefully, American voters are smarter than to hand that approach back to the socialist Democrats.