It's not the quantity of regulations that matters most, it's the quality.
I agree completely, but the issue has been the amount of regulation. Much has been made of the fictional idea that Dubya reduced regulation, & much is now being made that we need more regulation. Unfortunately, "more" is the operative word, rather than "quality". Just look at the Health Care bill's new requirement that 1099 reporting be vastly expanded. It's a costly increase in the cost of doing business, particularly for smaller businesses, but the benefits to gov't look minimal.