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Saturday, September 29, 2012

Clinton: Loosening Regulation Makes It Easier To Start Or Expand Business, In Tunisia, Egypt And Libya

By Susan Duclos

Conservatives have been screaming from the rooftops, figuratively, about loosening up regulations as a way to help businesses grow, expand and create more jobs in order to address and lower unemployment here in America which has been over 8 percent for 43 straight months.

Hillary Clinton agrees that loosening regulations help the economy... in Tunisia, Egypt and Libya.

“In Tunisia, Egypt, and Libya, people rose up against their dictators because they were fed up with governments that served the interests of a few at the expense of everyone else,” said Clinton. “But economic and social challenges did not disappear with the dictators. Too many people still can’t find jobs, and young and growing populations crave a sense of opportunity and self-determination.

“On the economic front, we are zeroing in on small and medium-sized enterprises because they are the growth engines in any economy,” Clinton said. “They create the bulk of new jobs and they spread wealth more broadly through more communities. And when people have the opportunity to unleash their talents and create something of their own, they are more invested in their communities, their countries, and their new democracies.

So the OECD is helping emerging democracies find ways they can loosen regulations and make it easier to start or expand a small business................

Amazing how the Obama administration can recommend for other countries, exactly what Conservatives have proposing in the U.S., and not see the irony.

[Update] From three days ago here at WuA:

 The reason this so-called recovery effort implemented by the Obama administration has been the weakest, feeblest recovery since the Great Depression is directly attributable to Barack Obama's policies and agenda, according to a poll conducted by Public Opinion Strategies (POS), who surveyed 800 small business owners, manufacturers and decision-makers at small and medium-sized companies, via a release from The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB).

(55 percent) saying the national economy is in a worse position compared to three years ago. Among the chief factors survey respondents cited were federal regulations, taxes, government spending and the cost of health insurance and energy.
Key survey findings include the following:
  • 67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
  • 69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
  • 55 percent say they would not start a business today given what they know now and in the current environment.
  • 54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.


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