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HEAD IN SAND: Obama’s Treasury Department Says Regulations Don’t Hurt Job Growth Or The

RNC Communications - October 24, 2011

Bold Treasury Spin - Regulations Don’t Hurt Job Creation Or Economy:

Obama’s Treasury Department “Making Full-Fledged Effort” To Claim That Regulations Don’t Hurt Job Creation Or Economic Growth. “The Treasury Department is making a full-fledged effort to knock back Republican claims that overregulation is slowing down economic growth. ‘[T]wo commonly repeated misconceptions are that uncertainty created by proposed regulations is holding back business investment and hiring and that the overall burden of existing regulations is so high that firms have reduced their hiring,’ Jan Eberly, the Treasury’s assistant secretary for economic policy, penned in a blog post Monday, as first reported by POLITICO’s Morning Money.” (MJ Lee, “Treasury: What Over-Regulation?” Politico, 10/24/11)

Treasury Secretary Tim Geithner Claimed There Isn’t Good Evidence That Regulatory Burden And Uncertainty Hurts Economic Growth. “As Eberly points out in the blog post, Treasury Secretary Tim Geithner made the same argument in a Senate hearing last week, saying, ‘I don’t think there’s good evidence in support of the proposition that it’s regulatory burden or uncertainty that’s causing the economy to grow more slowly than any of us would like.’” (MJ Lee, “Treasury: What Over-Regulation?” Politico, 10/24/11)

Small Business Owners And Even Democrat Congressman From CA Disagree:

Gallup: “Gov't Regulations at Top of Small-Business Owners' Problem List.” (Dennis Jacobe, “Gov't Regulations At Top Of Small-Business Owners' Problem List,” Gallup, 10/24/11)

Small Business Owners Say Complying With Govt Regulations Is Most Important Problem Facing Them Today. “Small-business owners in the United States are most likely to say complying with government regulations (22%) is the most important problem facing them today, followed by consumer confidence in the economy (15%) and lack of consumer demand (12%).”  (Dennis Jacobe, “Gov't Regulations At Top Of Small-Business Owners' Problem List,” Gallup, 10/24/11)

California Democrat Says GOP Criticism Of Anti-Business Regulations Is Correct. REP. DENNIS CARDOZA (D-CA):  “I think he needs to really focus on what's happening on main street America. He needs to walk up and down the small towns that I represent or towns like mine and talk to shopkeepers and let them tell him how directly difficult it is to do business in America these days and what they think needs to be done. I got to tell you, the regulatory reform issues that my folks tell me about are real. The criticism that the Republicans say about it's too tough to do business in this country, they are right. We need to figure out how to make it easier on them.” (MSNBC’S “Daily Rundown,” 10/24/11)

Watch Obama’s Own Chief Of Staff Say Sometimes You Can’t Defend The Indefensible Regulations:


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