PREVIEW - LESS REGULATION, MORE PROSPERITY Colleague Elizabeth Peek observes that the current bullishness on Wall Street and Main Street stems from expectations that the Trump administration will maintain a light regulatory approach. More tonight
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 8 January 2025
⏱️ 3 minutes
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1945 Roswell, New Mexico.
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| 0:00.0 | This is John Batchel, speaking with my colleague Elizabeth Peake of the Hill and Fox News, about |
| 0:07.0 | regulation and the lighter regulation, the more the small businesses of America prosper. |
| 0:14.4 | That has not been the case for four years of the Biden administration, nor was it the case |
| 0:20.1 | earlier for the Obama administration. |
| 0:22.6 | Here Liz makes the point, lighter regulation will translate into a happier, happier business |
| 0:28.0 | environment. Here's Liz to explain. More of this later tonight. I think it is accurate. |
| 0:35.2 | You know, if you look at measures of confidence, measures of optimism, |
| 0:41.2 | certainly small businesses have not been in an upbeat frame of mind for some time, and a lot of |
| 0:47.0 | that's regulation, as you say. And I think actually the story of the Joe Biden regulatory excess has not been told sufficiently. |
| 0:57.5 | If you look at, I don't know, there are various ways of measuring significant new rules put in place, significant new regulations. |
| 1:05.7 | Joe Biden has exceeded all prior administrations, including Barack Obama, who, if you remember during the time, |
| 1:13.8 | those of us who, like a lighter hand in regulation, used to be yelling about the fact that |
| 1:20.4 | every time we were about to come out of the Great Recession and growth would begin to accelerate, |
| 1:25.6 | remember, it was the slowest recovery from a downturn in the |
| 1:29.5 | country's history. Then Obama would spool out even more regulations and squash that growth. |
| 1:36.7 | We called it green shoots at the time, and the green shoots kept getting doused with petrochemicals or |
| 1:42.9 | something. |
| 1:51.2 | In this period, Biden has been doing a lot of this stuff, but also, John, I think something also needs to be talked about is the fact that there's been such investment in essentially |
| 1:57.4 | not terribly productive enterprises. |
| 2:00.1 | And we've had trillions of dollars going into, for example, green energy ambitions |
| 2:07.6 | and opportunities, I guess, that really haven't paid out. |
| 2:12.6 | So, you know, I think we're about to get back to basics where people start investing not in Intel as an example. |
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