GDP will move up, the jobless rate will fall & stock markets will move up.
Every. Single. Time.
Financial markets hate regulations even more than they hate taxes.
1) Regulations are costly – the hidden costs of regulations exceed even those of taxes.
2) A regulatory-heavy environment introduces uncertainty – which corporations, CEOs and markets abhor.
Which is exactly why Obama never saw 3% GDP.
Of the ten all-time-highest annual Federal Register page counts, seven occurred under President Obama.
The simplest answer to that nonsensical argument is the fact that President Trump reversed Obama's economic policies.