Kevin Roberts: “We have talked about the President's initiative, his Executive order in which the President said rightly--and I…”

“We have talked about the President's initiative, his Executive order in which the President said rightly--and I applauded that statement that we have so many regulations pouring out of Washington and so many regulations on the books, we do not have a cost-benefit yardstick--that is my favorite term for it--to say: Does the cost exceed the benefit? Does it make sense? The President himself said there are many that are duplicative and very costly and basically are stupid. That is exactly what the President said. I said ``egregious.'' That is the Senate word. The President said ``stupid.'' I think everybody understands that. He issued an Executive order, and he said to all the Federal agencies: Please, take a look at the regulations that are on the books and all the regulations that are coming out of your agency and see if you can make sense out of it and try to separate out the ones that are duplicative, costly, and, yes, stupid and the ones that are not and we can make some progress. I applauded the President's effort. The problem is, it is an Executive order that has no teeth.”