Publisher’s Note: The following book highlights the lasting impact the Nixon Administration had on the initiation of centralized regulatory review:
Although the idea of a centralized review of regulations focused on cost-benefit analysis had originated with Army Corps of Engineers construction projects during the Johnson administration and expanded informally to include OMB oversight over environmental rules under Nixon, Ford’s executive order formalized the concept for the first time and fundamentally reframed policy debates over regulation. 26
Lobbying America: The Politics of Business from Nixon to NAFTA
Examining the rise of the Business Roundtable and the revitalization of older business associations such as the National Association of Manufacturers and the U.S. Chamber of Commerce, Waterhouse takes readers inside the mind-set of the powerful CEOs who responded to the crises of inflation, recession, and declining industrial productivity by organizing an effective and disciplined lobbying force. By the mid-1970s, that coalition transformed the economic power of the capitalist class into a broad-reaching political movement with real policy consequences. Ironically, the cohesion that characterized organized business failed to survive the ascent of conservative politics during the 1980s, and many of the coalition’s top goals on regulatory and fiscal policies remained unfulfilled. The industrial CEOs who fancied themselves the “voice of business” found themselves one voice among many vying for influence in an increasingly turbulent and unsettled economic landscape.
Complicating assumptions that wealthy business leaders naturally get their way in Washington, Lobbying America shows how economic and political powers interact in the American democratic system.