YES! It may be hard to get it all done quickly, but I think they will be forced to by the hatred for regulation that has been growing in part of the population that thinks about it and others who are now beginning to be affected.
Besides regulation is one cause of the bad economy and overspending by government. It will help the economy to end most of it. Only a small part of regulation has anything to do with acually protecting people from harm. Most has to do with pushing an agenda that is clearly against the spirit if not the word of our constitution.