How to shut down small businesses…
… and create a climate where more businesses are closing than are starting up–just use overregulation to strangle the small community banks that normally fund small businesses. No need to worry as long as we are comfortable with the current economy, continuing to feature the highest workforce nonparticipation in recent history. From the article cited: “Dodd-Frank is another costly case of the government cure being worse than the disease.
Of course, in terms of the 2008 financial crisis, government’s role in creating that crisis must not be ignored either. In the end, the political blame for the 2008 mess was focused on “big banks.” The so-called cure – Dodd-Frank – not only did nothing to redress the actual causes of the meltdown, but raised costs and imposed serious damage on small banks, along with their small business clients.”
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