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And, as a result, Senate Democrats are refusing to confirm Bush's appointments (The Politico):

At the height of concern over product safety and lead-tainted toys, the Consumer Product Safety Commission doesn't have enough members to meet. The nation is facing the prospect of a presidential contest with no referee, because the Federal Election Commission is too short-handed to call a quorum. With the economy in peril, the Council of Economic Advisers is plodding along with a lone member. The National Labor Relations Board, the body that adjudicates disputes between workers and bosses, has only two of its five commissioners still on the job. [...]

President Bush squarely blames the Senate for failing to give his nominees an "up or down vote."

Democrats respond that some of his nominees are flatly unacceptable and that the president hasn't sought the "advice and consent" of the Senate.

Democrats charge that the federal commissions are not innocent bystanders caught in the crossfire between the White House and the Senate, but rather are targets of an administration happy to watch them die. "They could[n't] care less," said Sen. Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, where many of Bush's stalled nominations sit. "They dislike government. They dislike the way government works."

The sad part is that either bad regulators or no regulators is fine with Bush.