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The regulations keep on coming. And we are trying to make decisions that we will be happy with for decades.

Reagan cut through irrational federal regulations to allow children to live with their parents, where they could receive care that would cost the taxpayer one-sixth as much as institutional care. By contrast, Obamacare has added thousands of pages of bureaucratic regulations and will cost the federal government untold billions.

All the time, you take a look at what government rules are, so you can minimize the impact of government regulations. That's just smart business.

But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.

Regulation needs to catch up with innovation.

It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go.

The comparison to the old world is something to get excited about. We have the potential for more choice and innovation, and a different regulatory environment that doesn't place as much weight on economic regulations of terms and conditions.

A long time ago, I watched President Reagan repeat a few simple points about the benefits for everyone of lower taxes, light regulations, and limited government. Successful policies are sold by repetition, not unrelated tangents.

President Obama was right to make enforcement of those trade rules a priority and his creation, today, of a Trade Enforcement Unit is a massive step in the right direction.

In some ways, with the security challenges this country has faced, we have had to put in rules and regulations for business to be able to sustain their growth and create jobs.