For the first time since he took office, something didn’t go the way President Trump had envisioned. On Friday, House Speaker Paul Ryan wasn’t able to rally enough support for the GOP healthcare bill. Many saw it as a blow to President Trump, an early supporter of the legislation.
Of course, Trump didn’t sit around long. Instead of crying over spilled milk, President Trump went right back to work.
From the Washington Times:
President Trump wiped out more Obama-era regulations Monday, signing four bills that cancelled rules on federal contracts, land use and education that he said killed jobs.
Mr. Trump relished signing the deregulation orders that were passed under the rarely-used Congressional Review Act that fast-tracks disapproval of regulations.
“Only one time in our history did a president sign a bill to cancel federal regulations,” said Mr. Trump, who so far has done it seven times.
He promise that he would keep using it “to remove every job-killing regulation we can find.”
The targets of the legislation were some of the biggest jobs killers in America:
The first bill he signed rolled back the “Fair Pay and Safe Workplaces” rule, also known as the “blacklisting” rule, that barred federal contracts to companies with record of breaking wage, labor or safety laws.
The president called the rule “a disaster” and “one of the greatest threats to growing American businesses.”
Another canceled rule, the so-called “Panning 2.0” rule, gave the Bureau of Land Management more power over land use.
Mr. Trump called it a “federal power grab,” as he erased it with a stroke of the pen.
President Trump also took aim at regulations hindering education:
The other two bills did away with Department of Education power over teacher training and state accountability requirements under the Every Student Succeeds Act.
During former President Obama’s 8 years in office, he oversaw some of the largest growth in federal government power. Of course, such a cumbersome regulatory state has far reaching economic implications. In just one day, President Trump wiped many of those regulations off the books.
With the status of healthcare reform still unclear, President Trump took decisive action to help the economy in other ways. It was just another accomplishment in a growing list that justifies the business community’s growing optimism.
[Note: This post was authored by Michael Lee. Follow him on Twitter @UAMichaelLee]