Elon Musk supports Trump in draining DC swamp of regulators

Elon Musk has expressed his eagerness to assist former President Donald Trump in reducing government regulations, which he deems excessive and wasteful. Musk's comments were made on his social media platform, X, where he emphasized the need to shrink the government. Reports indicate that Trump is contemplating the formation of a commission led by CEOs to identify and eliminate unnecessary government programs and regulations, with Musk potentially playing a significant role in this initiative. Deregulation experts have welcomed the idea of a prominent business leader like Musk taking on the challenge of government regulation. Clyde Wayne Crews from the Competitive Enterprise Institute has long advocated for stricter oversight of regulatory agencies and has proposed the establishment of an 'Office of No' to combat overregulation. He argues that the current administration has shifted focus from regulating agencies to promoting more regulations, resulting in increased bureaucratic red tape. The proposed commission aims to disrupt the existing regulatory framework, which has seen a significant change since the Trump administration's approach of requiring two regulations to be eliminated for every new one introduced. Experts caution that while the involvement of business leaders could elevate the discussion around regulation, it is crucial to ensure that the commission does not inadvertently create new complications or target specific opponents. Overall, the initiative reflects a broader desire among some political and business leaders to reassess the role of government in regulating industries and to streamline processes that they believe hinder economic growth and innovation.