God bless him.....he does get it. He references new regulation and it's impact on the economy, uncertainty and job creation.....one of the best examples in our lifetime is the new banking/financial regulation via the Dodd-Frank bill..... The President signed it into law July 21, 2010 over a year ago.....the bill - all 2000 pages of it - contained provisions that will require the federal governments agencies to write somewhere between 250-400 new rules for how financial business is to be conducted in this country. Clearly there is going to be meaningful change, but nobody knows what that change might be until the regulatory agencies complete their rule-making duties. To date, in over a year, those agencies have completed writing 49 or the new rules......so the industry now has a good idea on what 10-20% of the new rules of the game will be......with that degree of uncertainty, is it any wonder why there is no investment, no expansion, no job creation. I write about the financial regulation only because it is the one I'm most familiar.....no doubt wherever this administration has put their hands, I would expect their to be uncertainty and economic paralysis.....
Quote number one was indeed Obama on the Senate floor in 2006 I believearguing against raising the debt ceiling and taking Bush to task for showing a lack of leadership...... :roll: Quote number two was Majority Leader Reid again on the floor in 2006 whose Senate, today - this very day - is likely to vote down a bill passed by the House raising the debt ceiling, removing the threat of default and reining in runaway discretionary spending. A Senate action leading us to the brink of financial armageddon......how does he intend to explain that to his children, grandchildren, etc......leadership? :roll: