OBAMA: Well, I think there are a whole host of areas where Republicans in some cases may have a better idea.
WALLACE: Such as?
OBAMA: Well, on issues of regulation. I think that back in the '60s and '70s a lot of the way we regulated industry was top-down command and control, we're going to tell businesses exactly how to do things.
And you know, I think that the Republican Party and people who thought about the markets came up with the notion that, "You know what? If you simply set some guidelines, some rules and incentives, for businesses—let them figure out how they're going to, for example, reduce pollution," and a cap and trade system, for example is a smarter way of doing it, controlling pollution, than dictating every single rule that a company has to abide by, which creates a lot of bureaucracy and red tape and oftentimes is less efficient.
That's encouraging forthrightness. And a good sign for policy.
Transcript of the conversation here. HT: Michael Moynihan
1 comment:
This was generally a good interview (though a little short on substance) that ended Barack's mysterious two year boycott of FNS. I was hoping he wouldn't do the interview because FNS had developed a hilarious segment that counted the days:hours:minutes:seconds since Obama had first been invited.
Obama's recent rejection of a summer gas tax vacation proposed by McCain and Clinton also deserves huges kudos.
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