Final answer:
Government regulations play a significant role in the economy and in protecting consumers.
Step-by-step explanation:
Government regulations play a significant role in the economy and in protecting consumers. Both the Obama and Biden administrations have implemented various regulations to ensure the safety and fairness of industries. While some critics argue that these regulations have negatively impacted businesses and job growth, others believe that they are necessary for consumer protection and to prevent industries from serving only their own interests.