Manny Mota...Mota...Mota (OK, not a helpful title...this blog is mostly about Economics, the Markets, Politics...and during the football season also about the New York Giants)
Tuesday, April 12, 2011
Why the Recovery Sucks, Part 37
Lovely. From the front page of the WSJ today... "At times, officials have resorted to coin flips and turn-taking games to settle which agency will get jurisdiction. "There have been negotiations, trades, bargains, coin tosses, possession arrows, arbitration, mediation," William Kovacic, an FTC commissioner, said in an interview. "Tried them all." This is what business has to deal with. No wonder capital is flowing overseas and hiring is thin on the ground here at home. Regulation was never a dream but with the two mega-disasters of ObamaCare and Dodd-Frank, the regulatory appartus has become such a clusterfark, business simply cannot get done. Enjoy your European levels of growth and unemployment America - this is what you asked for.
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