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In fact, acting more like one of them than one of us, he discussed various special favors he had in mind, including lowering corporate taxes and "breaking down some of the barriers that stand in the way of your success," eliminating "outdated and unnecessary regulations" to save billions of dollars annually, no matter the incalculable public cost.
Dismissively he said:
"I've ordered a government-wide review," and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them....I've also ordered agencies to find ways to make regulations more flexible for small business," promising to make government as accommodative as possible, giving away the store if there's anything left from the wreckage he already caused.
Obama Unveils Corporate Friendly Deregulation Plan
On May 26, Reuters writer Alister Bull headlined, "White House takes steps to cut business red tape," saying:
Obama unveiled a plan to save corporations "billions of dollars over time, seeking to placate businesses complaining about what they see as undue regulatory burden."
In fact, billions of dollars in political contributions freed corporate giants from numerous regulations since the 1970s.
Jimmy Carter, in fact, spearheaded deregulation Nixon and Ford began by hiring Alfred Kahn to head the Civil Aeronautics Board (CAB). The 1978 Airline Deregulation Act followed. It dissolved the CAB, removed industry restraints, eased consolidation, and subsequent bills deregulated trucking and railroads - the 1980 Motor Carrier Act and 1980 Staggers Rail Act, following the 1976 Railroad Revitalization and Regulatory Reform Act.
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