So, it's the end of the world as we know it when Obama is choosing to selectively enforce regulations and laws that are under the auspices of the executive branch, but it was just honkey dorey when his predecessors (all the way back to Eisenhower) did the same thing? Seriously?
Not the "end of the world" so much as a(nother) step in the wrong direction. For me, it is less about the decision regarding enforcement and more about the decision to issue visas.
By the same token, I will be interested to see how he alters the job transfer process for H1b visa holders (a process which has been defined by congress, IIRC, and already allows freedom to move directly from one employer to another -- you are eligible to work at the new job as soon as your new employer submits a completed application and these visas are not subject to H1b caps.) By the same note, I am certain we will not be hearing of abuses of the redefined rules to qualify as an entrepreneur (they currently have to show that they are investing a certain amount of their own money, but apparently will not be able to quailify by claiming a certain amount of support from American investors.)