Federal regulations are strangling our economy … NOT!
John McCain claims that Federal regulations are causing the loss of billions and billions of jobs — in a country with a population of just over 300 million! Hmmmm?
How ever over-zealous McCain is in his rhetoric, the GOP claim that “over regulation” has cost jobs has already been thoroughly debunked. The AP recently did a fact check and reveals that Labor Department data shows that under Obama, only two-tenths of 1 percent of layoffs have been due to government regulation. Additionally, McClatchy recently polled small businesses across the nation and found little evidence that it’s a factor.
And to put the cherry on top: a major policy adviser in the administrations of Reagan and Daddy Bush, Bruce Bartlett, says that the claims about regulatory uncertainty “is a canard invented by Republicans” and “not a serious effort to deal with high unemployment.”
Bartlett states that the GOP focus on “government regulations” is an attempt to distract from their lack of any ideas to boost job creation.
Add a Comment
You must be logged in to post a comment