Budget calls for strict oversight of industry, in shift from Bush era

President Barack Obama’s budget calls for billions of dollars in new spending to enforce stricter controls on business, signaling a decisive end to the era of deregulation under President George W. Bush.

The Obama budget plan would spend more on the agencies that enforce environmental and workplace-safety rules, more for food and drug regulators and more on consumer protection. The budget plan’s figures are accompanied by policy statements backing various moves to put industry under closer scrutiny.

The Department of Commerce will get more money to monitor ocean acidification and implement regulations that are part of the Magnuson-Stevens Act requirement to eliminate overfishing by 2011.

Elizabeth Williamson & Melanie Trottman, The Wall Street Journal, 26 February 2009. Full article.

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