Monday, July 11, 2011

The Dodd-Frank Act is a roadblock to our nation’s recovery

When you add the mountain of new rules required by Dodd-Frank to those of Obamacare, plus the threat of higher taxes caused by Washington’s spending spree, you get an astounding level of apprehension and plunging confidence for employers and their customers. You get uneasiness among banks that flows down to businesses and consumers in the form of tight credit.

The disastrous consequences for our economy are very real. . .

While Dodd-Frank does all this to harm our economy, it unfortunately fails to even address the biggest cause of the financial crisis: the government-sponsored enterprises, Fannie Mae and Freddie Mac that fueled the riot of imprudent lending that knocked our economy down to its knees.
Dodd-Frank blocks road to recovery

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