Last night, President Obama asked Congress to pass the American Jobs Act. You can watch the entire 33 minute speech here.
I'm not going to get too involved in the political hot potatoes of tax cuts and Medicare, but I perked up big time when the President said this at 24:35:
“We should have no more regulation than the health, safety and security of the American people require.”
In making this statement, he referred back to his January 18, 2011 Executive Order to eliminate absurd and unnecessary paperwork, and “just plain dumb” regulations. And as I've always said (sorry if you're tired of hearing it), poor regulations don't just happen. They start with poor laws.
Why have 51 potential laws that regulate the same tube of lip balm, when the end result will be that fewer people will be able to create their own job as a cosmetics company in an economy where the most logical job you can get is the one you create for yourself?
See the connection?
Dumb laws –> dumb regulations –> more confusion and uncertainty –> fewer companies start –> fewer companies hire people –> fewer people work –> the economy continues to falter.
Why don't our lawmakers seem to get this?
P.S. – In a press release this morning, US Small Business Adminsitration head Karen Mills said that the president's new plan “makes it easier for States to allow unemployed workers to create their own jobs by starting their own business.” I watched the speech, and listened for that statement, but never heard it. I would love to hear President Obama say that (and mean it). Did I miss it? Or is Ms. Mills just extrapolating a logical meaning from the president's words? What's your take?
