Having personally been responsible for drafting a number of Federal regulations for 3 agencies and ushering them through the approval process, Trump's idea is ridiculous. First, all of these regulations are developed in strict accordance with the
Administrative Procedures Act and under strict supervision of the OMB.
Once again, Trump issues an EO rashly without any background knowledge of the issue at hand (as he did with the recent immigration EO) and without a confirmed head (or managerial staff) of OMB. He's in way over his head. It does impress the rubes, however, as it did you, Whell. Congratulations.