Posted on 12/10/2009 5:04:41 PM PST by Kaslin
Economy: The White House and congressional Democrats relish every chance to praise small business. So why are they now so eager to heap even more burdens on these indispensable job-creators?
It's long been a cynical rhetorical device for Democrats, who've historically paraded as the party of the little guy, to praise shopkeepers and other denizens of Main Street.
This stance moreover lets them keep targeting Wall Street, the symbol of big business — even though Wall Street often supports Washington's regulatory schemes at the expense of Main Street.
So in pushing their ideas for job creation, President Obama and other Democratic leaders unfailingly praise small entrepreneurs, correctly, as this country's greatest generators of jobs. Their fealty to Main Street, however, becomes suspect the instant they return to their policymaking offices.
Just this week, congressional Democrats are pushing a vast new bureaucracy via the Consumer Financial Products Act. In their infinite conceit, they've redefined financial products — usually the preserve of brokers, banks and other lending institutions — to cover a wide range of behavior in which small businesses engage.
Indeed, some startup enterprises are so small they can't tap traditional sources of credit. They may max out credit cards, take cash out of home equity or find other ways to self-finance.
Now they'll be regulated. No question, these practices are risky, but the consequences befall the startups and their creditors alone.
We're not talking about "too big to fail" institutions, which these same politicians have protected and coddled for decades.
No, we're talking about frustrating startups and increasing the likelihood of their failure.
(Excerpt) Read more at investors.com ...
Kill it!!!
Kill it all... were all dying a slow death at the hands of these loons anyways so lets get this crap over with!
If a company is big enough to be publicly traded, I don't think it is a small business.
Thanks for making me look it up.
:-)
My small Internet company has had about 10-15 employees for many years now. My current initiative is to provide myself the option of quickly becoming a one-person operation in the event that Obama’s policies render it infeasible to continue providing employment.
When they came for the publicly traded companies I said nothing, because I was not a publicly traded company...
You are right about my grammar though, I should have said "The Sarbanes-Oxley Act is bad law".
Is that right, TC?
After “is a bad law,” you needed a semicolon before “however.” .... is a bad law; however, ...
I understood your point, even if they other poster did not.
Thanks favored teacher.
:-)
Have a good night.
And you! It is the least I can do ;-).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.