News is out today that president Obama has ordered the EPA to delay until at least 2013 the new regulations regarding ozone that were to go into effect soon. These regulations were generally unnecessary, but they carried a cost to the economy of somewhere between 19 and 90 billion dollars according to the Obama administration. (That means that the actual cost was probably in the neighborhood of $200 billion dollars.) While it would obviously be better had the president cancelled the regulations completely rather than just holding them until after the election, this is still good news. These regulations were the single biggest job killing action on the horizon coming from an administration that has already killed millions of American jobs. Apparently, even Obama is worrying about how the loss of all these jobs will affect his chances in 2012.
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