A Quote by Donald Trump
We've issued a game-changing new rule that says for each one new regulation, two old regulations must be eliminated. Makes sense. Nobody's ever seen regulations like we have.
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You have regulations on top of regulations, and new companies cannot form and old companies are going out of business. And you want to increase the regulations and make them even worse.
It cannot suffice to invent new machines, new regulations, new institutions. It is necessary to change and improve our understanding of the true purpose of what we are and what we do in the world. Only such a new understanding will allow us to develop new models of behavior, new scales of values and goals, and thereby invest the global regulations, treaties and institutions with a new spirit and meaning.
Donald Trump promises to impose, soon after his inauguration, a new requirement on federal agencies: If they want to issue a new regulation, they have to rescind two regulations that are now on the books. The idea of 'one in, two out' has rhetorical appeal, but it's going to be extremely hard to pull off.
There are regulations all over the spectrum that have to be done to the existing situation right now. But the only policy that makes sense is a nationwide moratorium: no new fracking, no new fracked wells.
Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.
It is not enough to invent new machines, new regulations, or new institutions. We must understand differently and more perfectly the true purpose of our existence on this earth.
I would think that to say 'regulations cost jobs' or 'regulations create jobs' is too simple, and we need to look at the regulation.
The Tea Partiers don't want all regulations eliminated. They just want laws that can be understood and regulations that aren't going to destroy businesses, or leave deserving veterans without a source for a mortgage loan.
I want regulation. I want to protect our environment. I want regulations for safety. I want all of the regulations that we need, and I want them to be so strong and so tough. But we don't need 75 percent of the repetitive, horrible regulations that hurt companies, hurt jobs, make us noncompetitive overseas with other companies from other countries.
If I may discuss the idea of explosion. The number of regulations issued in the last two years is approximately the same as the number issued in the last two years of the Bush administration.
As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is change. Your business models are changing, the customer demands are changing and the regulations are changing constantly.
Any society has to delegate the responsibility to maintain a certain kind of order. Enforcing regulations, making sure people stop at stoplights. We can’t function as a society without rules and regulations, and the enforcement mechanism of those rules and regulations.
We need responsible regulations, not regulations that have gone wild. For example, the EPA has a rule that is going to be implemented Jan. 1, 2012, where they're going to begin to regulate dust. That's right, dust. It's called PM 2.5. That is focusing on the wrong thing.
Just like you have fire regulations, they should have regulations that no building would be made without charging points for electric vehicles.
You can go back and rescind an old regulation like Obama era regulations. That was done once in 20 years. We've done 14 of them in law this year alone, because they can't filibuster that.
Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.
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