U.S. Chamber head warns of excessive regulation in wake of oil spill



“This is the
idea that we have to cover our political a– in a very, very difficult
time. By the way, both parties do this kind of thing,” Donohue said of
policymakers. “But I think right now what we need is a calm resolve to
do three things. A: Stop the oil. B: Clean it up. And C: Figure out
what happened and how [we are] going to deal with it.”

Donohue warned that overregulation could hurt U.S. business.



“There
is a mentality in this Congress and this administration that the more
regulation, the better,” Donohue said. “When you over-regulate, you
under-job. When you over-regulate, you under-economy. We need to be
very, very careful that we don’t have the tail wagging the dog around
here.”