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Steve Forbes: Trump Will Dump Obama's 'Anti-Growth' Orders

Steve Forbes: Trump Will Dump Obama's 'Anti-Growth' Orders

Steve Forbes (Photo by Axelle/Bauer-Griffin/GC Images via Getty Images)

By    |   Tuesday, 15 November 2016 03:17 PM

Steve Forbes on Tuesday predicted a busy Inauguration Day for Donald Trump, saying he believes the president-elect will reverse President Barack Obama's "anti-growth executive orders" and make a push for deregulation.

"One of the things I think the president will do even on Inauguration Day itself is sign executive orders peeling away a lot of Obama's anti-growth executive orders and having a real push for deregulation," Forbes said on Fox News' "America's Newsroom" morning show.

"Remember when Ronald Reagan came in back in 1981, on Day 1 he took off price controls on oil and gas which critics said would lead to a huge increase in prices," Forbes said. "It led to just the opposite. More supply, more reasonable prices and it contributed to the great boom of the 1980s. I think you will see Trump try to do the same thing from Day 1 on the deregulatory side of things."

Forbes pushed back on President Obama, who defended his regulations Monday, saying that removing those regulations would be a mistake.

"And you look at the small businesses, they're getting crushed by these rules and regulations," Forbes said. "Many of them written in language which no one can interpret except a bureaucrat depending on his or her mood that day, and that hurts investment. If you get a push on deregulation, not punishing banks for making loans, I think you will see the credit markets start to revive."

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Steve Forbes on Tuesday predicted a busy Inauguration Day for Donald Trump, saying he believes the president-elect will reverse President Barack Obama's "anti-growth executive orders" and make a push for deregulation.
steve forbes, trump, dump, obama, anti-growth, orders
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2016-17-15
Tuesday, 15 November 2016 03:17 PM
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