Obama to Trim Regulations

President Obama continues to try to make nice with the business community: He’s written an op-ed in The Wall Street Journal announcing his intention to “make sure we avoid excessive, inconsistent and redundant regulation," especially rules that "stifle job creation and make our economy less competitive." The business community has blamed new regulations from health care and financial reform for their slow hiring; they’re currently sitting on $2 trillion in cash and liquid assets, more money than they’ve had at any time since World War II. The administration has been asking business leaders for advice on which regulations to trim for nearly a year.