We see many claims here that govt regulation is burdening our businesses/economy, many argue it isn't so.
We see claims that companies are hoarding money and just being greedy, others have said they are holding off because of uncertainty.
Below is an example of burdensome and expensive new regulation that is contributing to the uncertainty. This new regulatory provision, not expected to be finalized until later this year, was stuck into the Dodd Frank bill which ostensibly about domestic banking reform. Why/how does stuff about the Congo and rebel groups belong in there?
For some reason it's hard to find this stuff in the mainstream media, it's been pretty mush ignored (except a few reports here and there about the unintended humanitarian problems this is causing - some will just stop doing business with them.)
It's a fairly long article, so I've only quoted part below.
http://www.cfo.com/article.cfm/14586443?f=search
So, we're running expensive foreign policy initiatives off the backs of our companies and we wonder why none want to come here, and those that are here keep leaving.
But never mind this stuff, let's keep painting schools and filing potholes' that'll fix our economy.
And nah, companies don't need to keep funds in reserve for complying with this new stuff, they can just blow their money now and borrow more if needed next year like the fed govt.
Fern