On the recordMarch 18, 2020
we are facing, with the coronavirus, an unprecedented situation, certainly in my lifetime. These are extraordinary times we are living in and trying to live through, and there is no doubt that extraordinary times require extraordinary measures. The good news is that there is a lot of agreement in terms of what we need to do. We all recognize that Americans and American businesses are suffering, through no fault of their own, and they need help. We all want to provide that help. Hopefully, we want to provide that effectively and efficiently with as few negative, unintended consequences as possible. What I would suggest is, this is really no time, though, to follow Rahm Emanuel's famous dictate that you should never let a crisis go to waste. From my viewpoint, I think one of the reasons we have had a more successful economy--certainly far more successful than the economy, the slow recovery we had out of the 2009 recession--is that this administration has focused on reducing the regulatory burden. First we stopped adding to it, and then we actually reduced it. That brought a fair amount of optimism and animate spirits to our economy because businesspeople could actually concentrate on their products and their services rather than looking over their shoulders to find out what new government regulation was going to cause them to hire a new compliance officer, increase their cost, and possibly put them out of business.…
Source
govinfo.gov




