In 2010, Big Business was often in the news for the wrong reasons. The BP oil spill disaster, the explosion at a Massey Energy mine that killed 29, and the recall of millions of Toyota vehicles, to name a few, made headlines throughout the year, both for their human, economic, and environmental toll and for the negligence they exposed. Despite these failures, 2010 was an excellent year for America's corporate elite. Profits skyrocketed, lobbyists fended off new regulation, and corporate access to Washington decision makers grew even more robust.
In response to a congressional request, the U.S. Environmental Protection Agency (EPA) recently prepared a white paper on the effects of the Clean Air Act (CAA) on jobs and the economy. The paper summarizes the empirical evidence on the economic costs and benefits of the act since 1970. The evidence illustrates the many benefits of the CAA and the small impact of pollution controls on employment.
Corporate lobbyists and their allies in Congress have launched a systematic, coordinated effort to attack the federal government's efforts to boost innovation and protect public health, worker safety, and environmental quality. The attacks appear to have the Obama administration backpedalling on its agenda to provide meaningful health and safety standards to the American people.
On Jan. 18, President Obama issued a long-awaited executive order on the regulatory process and two related presidential memoranda. The order and the memos are aimed at reaffirming the existing regulatory process rather than significantly reforming it. The most impactful of the three documents is likely to be the memo on regulatory compliance, which stems from the administration's commitment to greater government accountability.
Federal agencies have released their rulemaking agendas for 2011, providing the public with a roadmap of the health, safety, and environmental safeguards it can anticipate in the new year.
WASHINGTON, Jan. 6, 2011—Today, OMB Watch released the third and final report in a series on public protections and the Obama administration. The new report, The Obama Approach to Public Protection: The Regulatory Process, finds that although the Obama administration's overall regulatory philosophy is strikingly different from that of the previous administration, promised changes to the federal regulatory process have stalled out.
Facing a Republican majority in the House and a slimmer Democratic majority in the Senate, President Obama and administrative agencies may increasingly turn toward regulation to accomplish policy goals. In contrast, new lawmakers and congressional leaders vow to use their power to roll back regulations, cut spending, and shrink the size of government.