69,000 pages to nearly 90,000. i would say 70% of the regulations can go. it s just stopping businesses from growing. reporter: as a candidate, mr. trump targeted numerous obama regulations, including under obamacare, the clean power plan, the clean water rule, the fracking rule, and dodd/frank financial regulations. mr. trump will be able to repeal some obama rules by executive order the day he takes office. but others may take longer to undo. the president-elect will have to have a 100-minute agenda and then a 100-day agenda. it takes a long time to make a rule, and, guess what, it takes a long time to unmake a rule too. but on the other hand, he can get congress to simply legislate. just last month, the administration defends its regulations saying it is, quote, committed to ensuring that regulations are smarlt and effective, that they are tailored to advance statutory goals in the most cost effective and efficient manner, and that they minimize uncertainty.
swelled nearly 30% from about 69,000 pages to nearly 90,000. i would say 70% of the regulations can go. it s just stopping businesses from growing. reporter: as a candidate, mr. trump targeted numerous obama regulations, including under obamacare, the clean power plan, the clean water rule, the fracking rule, and dodd/frank financial regulations. mr. trump will be able to repeal some obama rules by executive order the day he takes office. but others may take longer to undo. the president-elect will have to have a 100-minute agenda and then a 100-day agenda. it takes a long time to make a rule, and, guess what, it takes a long time to unmake a rule too. but on the other hand, he can get congress to simply legislate. just last month, the administration defends its regulations saying it is, quote, committed to ensuring that regulations are smarlt and effective, that they are tailored to advance statutory goals in the most cost effective and efficient manner, and that they minimize
this is based on the forward looking indicators of the business cycle. that s all we do is watch those indicators, monitor them. there s an overwhelming message when we look at those indicators that is consistent only with the new recession starting here. when you think back to 2008, while we made that call, then it was prior to the lehman crisis economists were looking backwards at gdp. once we saw the lehman crisis everybody was on board with the fact there was a recession. before that there was a question. correct. when you see gdp positive or jobs numbers positive, you say there isn t a recession and you get pushback. time will tell. harvard professor, chief economist for international monetary fund. you ve been on the show before. your point of disagreement, you say a lot of people feel the recession never ended. now, we are four years away from the official start of this recession. it started in december of 2007. we re certainly three years into the worst of it. w