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For challenges to create a climate where more businesses can post job listings.
Where folks can find good work the -- the financial burden -- feeling.
Where families can regain a sense economic security in their lives.
That's our urgent mission that's what I'm fighting for every single day.
That was President Obama earlier today announcing his nomination of Alan Krueger to -- the council of economic advisors.
So far the administration's plan to create jobs largely evolves more federal spending.
But the GOP is taking a different approach with the -- to -- it's a bill that aims to reign in 170000.
Regulations weighing down the private sector.
My next guest -- fosters a small business owner who's hanging his hopes on -- legislation.
-- a lot first of all give us an example is a small business owner how pleased.
Regulations -- tide of regulations how they heard you personally.
Well there there are plenty of ways in which they Harris the let's start the very high and here I mean we we're talking about 170000.
Laws but the economic impact of that for folks who don't get it.
Is we're talking -- point 75 trillion dollars a year at something like.
14% of GDP one point 7000000000005.
-- and ultimately that comes out of the pockets I guess of consumers taxpayers comes out of everybody small business owners like you yeah I mean once once you talk drip we're talking about compliance costs here and it's.
I mean that -- spectrum of the regulatory apparatus is so broad it's everything from.
The parts per million the nuances of parts per million in the EPA's Clean Air Act to the anti trust regime.
Which is overly broad and I mean we can't make any sense out of it all mean if your prices are too low.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The year all complicit in some conspiracy on the consumer it's it's just absolutely not.
And there's no doubt with this many rules as many regulations.
Any of your of a big fortune 500 company.
They're gonna hire a whole army of lawyers but a small guy trying to get and there -- no matter if you have been in a new better mousetrap right you're still facing incredible odds right.
I mean you can look at GE for example whose -- the whole lot of criticism because they apparently -- zero tax tax burden.
But let's look at the truth here the truth is that GE employs an army.
Of tax accountants and attorneys that are all he's looking at ways to try to make the system work for that.
Well that that's still very very expensive.
Right and that still means they're paying taxes and any number of other places but that means that we need to sort of clean up the system that something else.
But to kind of return to -- to regulations as you were mentioning mean the reason I got very interested in this is not simply for myself.
On to small business owners of got the standard battery.
Of compliance things that we've got -- get in line with.
But also for our customers a lot of them -- in the legal field very heavily regulated and health care field which is probably the most heavily regulated.
And when we see our customers come to us repeatedly more often than anything else the thing that they're siding that's driving the decisions -- making.
About purchases are regulations and in.
Hyper competitive market like this the very last thing this is not be -- worrying about is regulate.
In all -- you know I mean even though it's run -- right now we see government swelling to you know -- loosely if you will.
This didn't start on the President Obama have this right so this is dual party both sides of the -- presents a power hungry thing and if if it is.
Kennedy stopped Canada actually to ten tennis brain and bill actually make it through but I think -- there a couple of.
Factors here mean we we can Trace this back to 1950s has been a steady trend of congress sort of the balding it's.
Regulatory authority really it's its legislative authority.
To these various agencies on it it's sort of compounds regulation begets regulation old regulations -- on the book -- -- we got 2000 plus new laws.
I'm last year in the -- -- is targeted at everything with our economic impact of about a hundred million dollars that's about 200 plus regulations that.
Regulations -- 200 million dollar impact met and and not all.
No we had about 200 plus new regulations last year alone within you can but ultimately you're saying is all the close to two trillion dollars have a look in the stable bearish sentiment is more competitive absolutely -- -- thank you very much appreciate very to be if you look at sharp usual thing -- --
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