"President Barack Obama said on Tuesday he would order a government-wide review of regulations with the goal of eliminating those that hurt job creation and make the U.S. economy less competitive.

In an op-ed piece in The Wall Street Journal, Obama said some government regulations have placed 'unreasonable burdens on business -- burdens that have stifled innovation and have had a chilling effect on growth and jobs.'

He said he would require that in the future government agencies 'ensure that regulations protect our safety, health and environment while promoting economic growth.'"

Eric Beech reports for Reuters January 18, 2011.
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SEE ALSO:

"Obama To Review Regulations, And Cut Those That Cost Jobs" (USA TODAY) [3]

"Obama to Order Review of Regulations to Identify Those Inhibiting Growth" (Bloomberg) [4]