Chamber Fights Unprecedented Red Tape under Obama

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The U.S. Chamber of Commerce said it's going to use every resource at its disposal to fight the growing number of federal regulations.

Chamber President Tom Donohue said the red tape has grown at an unprecedented rate under President Obama.

"Now we have a fourth branch and you won't find it anywhere in the Constitution - a regulatory branch - and its potentially more powerful than the other three combined," Donahue said, according to The Hill.

The Hill also reported Donohue argued that the government doesn't have any way to get rid of unnecessary rules on the books.

But Donahue ensured the Chamber will be pressing to curtail excessive regulations moving forward.

"We at the Chamber are going to use every resource at our disposal to stem this unprecedented flow of regulations," Donohue said during a speech at the group's headquarters.

"We must lift the veil of uncertainty hanging over every business and investor if we want to revive our economy," he said.

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