Friday, September 16, 2011

The Dodd-Frank Job Reduction Bill

No, that certainly was not the title that the Nancy Pelosi Congress and the Obama administrations assigned to this bill in 2010. The Obama administration says it wants jobs, but that requires lots of blind acceptance.

Take bank regulation as only one illustration. And within that, look at just one bank, the Bank of America, which has announced layoffs of 30,000 employees. All because of a loss of revenues dictated by PART of the many strait-jacket-type regulations.

Most of the Dodd-Frank regulations still haven’t been fully imposed. Great for a job recovery!! (See the Earl J Weinreb NewsHole® comments.)

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