By The Business Insider Editors
The complete 180-degree turnaround from the Bush administration's lassitude about regulatory matters to the Obama administration's activity in just a few months is mind-boggling to us.
It seems that no sector of the economy, nor entity affected by the regulatory or compliance environment - from the largest business to the least empowered citizen-consumer - is unaffected. And it's not just rhetoric: consider the President's pushing the implementation of credit card reforms up from July, 2010, to Memorial Day, 2009, or the signals regarding conscience in healthcare.
An interesting article from Reuters regarding the Obama administration's first 100 days in office and push for regulatory reform discusses this trend. It's worthwhile reading, because it discusses many aspects of regulatory change and reform and it shares some interesting comments and viewpoints regarding them. For example, one interviewee thinks the uptick in reg & compliance activity is because we've moved into a slower, down economy: good economic times means no regs, but poor economic times means more regs.
We're not so sure about using this correlation to explain extremely different political and social viewpoints between Bush and Obama. Give this article, "First 100 Days of Obama Administration Pave Road for More Regulation," a read. What do you think?
The Business Insider Editors
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