I have to disagree with Jack Welch on his suggestion to suspend new regulations. Suspension won't do the job. A suspension means that the regulations will come into effect at some unspecified future time. This is akin to starting a football game knowing that the basic rules might change at the end of the first quarter. You may know what the new rules are but don't know when they'll go into effect or if the starting rules will hold for the duration of the game. An impossible situtation. In the same way that whole Federal departments need to be shut down, so too many regulations need to be abolished.

I think that what we're seeing is the result of Obama's "Hope and change." Obama never defined the terms and had no reported record to inform them. As a result voters could and did read into the words whatever they wanted them to mean. And Obama's ambiguity carried over into the White House. Remember all the weeks Obama was anguishing over his decision regarding sending 40,000 additional troops to Afghanistan. Advisors who were in favor and those who were opposed both left White House meetings convinced that Obama was on their side. Now we have the very amusing situation in which the large majority of voters is upset because Obama is much too far to the left for their taste -- and much farther to the left than they expected.