Obama embraces regime uncertainty

by Russ Roberts on April 8, 2011

in Regulation, The Crisis

From the Washington Post (HT: David Bieler):

At a town hall meeting near Philadelphia on Wednesday, President Obama warned that the uncertainty of a shutdown could slow the economic recovery.

“Companies don’t like uncertainty, and if they start seeing that suddenly we may have a shutdown of our government, that could halt momentum right when we need to build it up — all because of politics,” Obama said.

Great point, Mr. President. Maybe massive unspecified changes in the regulation of the health and financial sectors wasn’t such a good idea in the middle of a recession.

Update: They’re making some progress (HT: Drudge) actually filling in some of the details of the health care regulation. It’s a little complicated.


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