At offices of the Environmental Protection Agency in Washington, some staffers are planning Inauguration parties. Their excitement is a harbinger of the sweeping changes in business regulation coming under President Barack Obama, for better or worse.
That an incoming Democratic Administration is calling for tighter controls on business isn't surprising. But this time the pendulum's shift isn't purely ideological. The past year alone has brought the financial meltdown, lead-laced toys, airplanes with dubious inspection records, vegetables contaminated with salmonella, and workers sickened by food flavorings—all of which buffeted businesses big and small. "There is clearly a recognition across the country that the deregulatory era has hurt America," says David Michaels, chairman of environmental health at George Washington University's School of Public Health.
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