And for the first time within memory, drug company executives are publicly complaining about uncertain and arbitrary regulation.

FORBES: Side Effects May Include

This is the opposite of President Obama's approach, which has been marked by the helter-skelter of temporary tax cuts, stimulus after stimulus, housing bailout upon housing rescue, favoritism for some industries over others, and arbitrary regulation that may or may not be mitigated if the White House feels enough political pressure.

WSJ: Review & Outlook: The Reagan Memo

But there need not always be arbitrary, inefficient, and wasteful government regulation.

FORBES: The Economy Needs A 'Deregulatory Stimulus'