Friday, July 16, 2010

A Sure Way to Jumpstart the Economy

What a novel idea...for a politician.  This is the first proposal for a piece of legislation that I've seen in a long time that makes sense.

Top House Republican wants ban on new federal regulations

One of the costs of doing business that is seldom considered is risk.  Risk impacts borrowing, spending, expansion and other operations.  If you want to free a bunch of capital for investment, reduce the risk.  Uncertainty in the regulatory environment has been one of the greatest risks of doing business since control of the Senate and House fell into the hands of the Democrats.  President Bush provided at least some level of balance against their attack on business.  The current administration has pushed the attack to unprecedented levels.  Remove some uncertainty and businesses will invest and the economy will grow.

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