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Posted at 2:15 PM ET, 12/13/2010

Mark Warner: anti-regulation, except in large doses

By Jennifer Rubin

In today's Post, Sen. Mark Warner (D-Va.) decries the red tape that has been spooling out from the federal government, which, he argues, impairs growth and job creation:

Our economic recovery remains frustratingly sluggish, unemployment is still unacceptably high, and all of us should be concerned that leading U.S. corporations have remained on the economic sidelines over much of the past year instead of making new investments or hiring additional workers.

One reason often cited for this unwillingness to invest is executives' belief that Washington regulators are stifling fresh investment and discouraging innovation through new rules and requirements.

If Washington expects to partner with the private sector to lead the effort toward economic recovery, we must address the regulatory uncertainty felt by many of our small and large businesses.

Warner suggests that we should "require federal agencies to identify and eliminate one existing regulation for each new regulation they want to add." Wow, could that be retroactive?

[Continue reading Jennifer Rubin's post here on her blog, Right Turn.]

By Jennifer Rubin  | December 13, 2010; 2:15 PM ET
Categories:  Va. Politics, Virginia, economy  
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Comments

It's a meaningless proposal. It isn't the overall number of rules and regulations that matters, but rather the new regulations and laws that create the uncertainty that leads to businesses sitting on their cash. If Warner were serious, he'd propose an outright moratorium on new rules.

Posted by: stevesturm1 | December 13, 2010 4:59 PM | Report abuse

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