O slashes red tape

That’s the headline of the New York Post headline. “slashes”? A bit overstated I’d say.

WASHINGTON — The Obama administration revealed plans yesterday to cut or roll back hundreds of federal regulations, saying it hoped to save businesses $10 billion and spur job growth.

Here. $10 billion in a $14 trillion economy is 7 hundredths of 1 percent – .07. We need more, a lot more.

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