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| Economy |
| White House Shrugs Off Concern That Regulations Could Inhibit Job Growth |
| 2010-07-15 |
| President Obama's aides are shrugging off warnings that proposed new financial regulations would be a jobs-killer, while pledging to continue reviewing those concerns. A White House official said Tuesday that the administration has held "countless meetings" with business leaders and agrees that "it is important to avoid unjustified regulatory costs and burdens." The official said that while they disagree with some business leaders on the need for a financial industry overhaul, business groups are welcome to pass along their regulatory suggestions. But with the financial overhaul potentially on the verge of passing the Senate, White House Press Secretary Robert Gibbs explained why those regulations won't be reconsidered. "So we don't find ourselves celebrating the two-year anniversary of an economic collapse with rules the way they were two years ago," he said. |
| Posted by:Fred |
| #12 The problem with regulation is that it's like sh$$ - if you don't clean it up now and then, it accumulates to the point where no one can escape the stench. We need to clean house in ALL of the government offices in Washington, DC, down to the GS-5 level. |
| Posted by: Old Patriot 2010-07-15 23:17 |
| #11 I am personally going with, "It is a plan." It's just more of Obamanitions social engineering to eliminate independence, kill private business, and create a government run state. |
| Posted by: miscellaneous 2010-07-15 20:38 |
| #10 Translation: We have jobs, so what's the problem? |
| Posted by: DMFD 2010-07-15 20:20 |
| #9 "An ounce of prevention is worth of cure." Like wise people were saying right after Obama was elected. This stuff and the damage it will cause to this country will take YEARS to repair. |
| Posted by: Sheger Henbane4236 2010-07-15 15:01 |
| #8 NEWS KERALA > THREE OUT OF FOUR AMERICANS BELIEVE RECESSION MAY LAST ANOTHER YEARS [Year 2012]. It's (ofcourse) just a coincidence that's the end of Oshit's Presidency. |
| Posted by: Redneck Jim 2010-07-15 12:33 |
| #7 Since when did obama care about jobs? |
| Posted by: newc 2010-07-15 11:35 |
| #6 Given the amount of lying Obama and his people have done, I am beginning to attribute their acts to malice, not stupidity. And there are hard consequences for malice. |
| Posted by: OldSpook 2010-07-15 09:39 |
| #5 Bobby, two possibilities: 1) The haven't a clue. 2) Itsa plan. I am rip, torn. It is possible that both factors are present. The administration puppets are firmly in the camp #1. The puppeteers have a keen understanding of #2. |
| Posted by: twobyfour 2010-07-15 07:16 |
| #4 the regulations help keep the "riff-raff" (i.e., competition from small companies) out of the market place Gee, ya suppose the gubbamint understands that? |
| Posted by: Bobby 2010-07-15 05:52 |
| #3 Could never happen. Who doesn't like regulations? Only a racist, that's who!!!! |
| Posted by: bigjim-CA 2010-07-15 04:56 |
| #2 The biggest problem is that all these regulations apply to companies large and small. Large companies already have dozens of lawyers on staff and on retainer to handle these regulations. It is just a part of doing business. Small companies, or startups, would end up spending a large proportion of their income on trying to comply with all the regulations. This is one reason that big companies don't complain so much about regulations - the regulations help keep the "riff-raff" (i.e., competition from small companies) out of the market place. |
| Posted by: Rambler in Virginia 2010-07-15 03:57 |
| #1 NEWS KERALA > THREE OUT OF FOUR AMERICANS BELIEVE RECESSION MAY LAST ANOTHER YEARS [Year 2012]. Prioritize JOBS before NATIONAL DEBT??? |
| Posted by: JosephMendiola 2010-07-15 02:48 |