Herman Cain wants to INCREASE Regulatory Capture

Herman Cain Wants To Improve Regulation By Turning Regulatory Authority Over To The Regulated | ThinkProgress:

"Toward the end of the Q&A session, Cain suggests speeding domestic oil and gas production by creating a “regulatory reduction commission” that will ease regulatory control. In particular, Cain would seek the advice of energy executives whose firms’ efforts have been hindered by environmental regulation. “If you’ve been abused by the EPA like Shell Oil, I’m going to ask the CEO of Shell Oil would he like to be on this commission, and give me some recommendations. The people closest to the problem are the ones who can solve the problem.” It does not seem to occur to Cain that regulatory policy might not be improved in the public’s interest by amplifying the influence of those it is meant to regulate."

Herman Cain is not a stupid man so this can only be interpreted as wanting the foxes to have a say in choosing who guards the hen house. What could possibly go wrong?