US Presidency
2012

In fact, I've approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his. I've ordered every federal agency to eliminate rules that don't make sense. We've already announced over 500 reforms, and just a fraction of them will save business and citizens more than $ 10 billion over the next five years. We got rid of one rule from 40 years ago that could have forced some dairy farmers to spend $ 10,000 a year proving that they could contain a spill because milk was somehow classified as an oil. With a rule like that, I guess it was worth crying over spilled milk. Now, I am confident a farmer can contain a milk spill without a federal agency looking over his shoulder. Absolutely. But I will not back down from making sure an oil company can contain the kind of oil spill we saw in the Gulf two years ago.