President Obama orders suspension of the Bush administration midnight regulations
New topic today, as President Obama took office yesterday. He quickly got down to business, ordering a freeze and review of all of the Bush administration’s pending midnight regulations.
In one sense, this isn’t new or radical, as it’s been done by every incoming president since President Reagan. But it’s particularly good news for consumers because the Bush midnight regulations were something of a last chance all-you-can-eat ticket to the trough.
My guess is that a number of these last-gasp gifts to the greedy won’t stand. At a minimum, it’s re-assuring to know that they’ll be reviewed before implementation.
David Sugerman