Search This Blog

Saturday, April 27, 2013

Securities and Exchange Commission: Their Job is To Kill JOBS

After the passage of the JOBS (Jumpstart Our Business Startups) Act by an overwhelming majority of both Republicans and Democrats, the Securities and Exchange Commission (SEC) has been on the warpath to kill JOBS.

They have delayed implementation of the law for more than a year now. How many jobs have they blocked? No one knows for sure, but the economy has been moribund since the act was passed and the SEC bears blame for much of the slowdown we're now seeing.

Not content with blocking new jobs, the SEC is now going after an entrepreneur in Spokane who is raising money from friends and family to start a business.

It's time this country woke up to the fact that the SEC is a captured regulator. Their job is to stifle new business and new jobs and to steer new startups into the arms of Wall Street, where the banksters aim to capture most of the funds raised by Initial Public Offerings. The banksters still have their hands firmly gripping the necks of investors. It's time to sunset this agency and get on with the business of growing.

You'll never hear about this on CNBC or Bloomberg. They are captured media themselves. Their only purpose is to regurgitate the propaganda put out by the SEC.