The Simple Truth About Washington Regulations and Jobs

http://twitter.com/#!/financialcmte

The Empire State Building took 7 million man hours to build. 225,000 Toyota Camrys (just 63% of US production last year) take 6.3 million man hours to build. Every iPhone ever sold (146 million) took only 5.5 million man hours to build.

For perspective, the 2,300 pages of new rules and regulations from the Dodd-Frank Act will require 10.2 million man hours in compliance time on American job creators.

The simple truth is over-regulation steals time from American innovation, and equally as important, it steals jobs from American workers.

Learn more about how over-regulation is holding our economy back by visiting:
http://financialservices.house.gov/
or
https://www.facebook.com/GOPFinancial...

• Category

  News & Politics

[daveme7]

Its kind of funny when they deregulated the finance industry, this led us to fincancial hell, unless you own a bank.

[nickmarschel]

I like the message, but the hurky jerky video style really detracts.

[Martintfre]

The cure of idiot liberals who think taxes and regulations and unfunded mandates are economically a good idea -- invest your time, your money and your effort into a small apartment building. Come back and talk to me after a few years of 'ownership'.

[WarVideo]

The problem is not OVER regulation, its ANY regulation.

[Gregory Garvin]

Tax all imports thereby hitting corporations in their pocket books, and see how they'll bring business back to America. You can't evade taxes if you must have a base in the US to operate and reform tax codes..

[8151Michael]

Yes, it is clear who owns a business and who deoesn;t own one. I own one and the Frank-Dodd bill regulations have not even been finished! they have over 200 pages to do after the bill PASSED over a year ago. Regulation CRUSHES small and medium businesses while some large companies work with the government to write new regulations (hi there GE!). They have the legion of attorneys that frame the new laws while others have to learn what the new laws are and how they just were screwed.

[r0bh0lmes]

Which regulations were removed under Bush? I keep hearing this claim but would like to know what specific regulations were elinminated.

[unacharmer]

Dumb and Dumber is real. See below. Until either one of you own a business, you will never get it. You simply do not have a clue of the regulative hurdles even for a simple business these days, be it hiring, licensing, environmental etc. The compliance "cost" is the point. It costs more to implement and comply at the onset than its worth, especially for a start up. It IS killing jobs. WHo do you think will have to "pay" for those 10.2 million man hours ? CONSUMERS you idiot.

[Jose Rodriguez]

With George Bush De-Regulation jobs have been lost and not added. Economy has gotten worse not better. De-Regulation means more speculation, more stealing. We need more regulation and better trade deals, get rid of Nafta, and special concesions to China.