President Clinton required government agencies to better account for the cost of regulations, worked with Congress to reduce unnecessary regulatory burdens on banks, championed free trade agreements and liberalized regulations on airlines. The result? Over 22 million jobs created, a budget surplus and a slowdown in the rate of growth of the federal debt.
One of the key points President Clinton makes about his tenure in office is that he was able to engender support among the business community because he didn't attack them for their success. President Obama should take some lessons from this approach.