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Friday, March 20, 2015

Securities and Exchange Commission: Job-Killers

Obama's SEC has proven it's good at just one thing: killing jobs.

Years ago, the Congress passed the JOBS Act, which promised to kickstart jobs in America.

Since then, the SEC has continually dragged its feet at issuing regulations. This is an abominable government bureaucracy who knew that Bernie Madoff was defrauding investors for decades and refused to stop him. It's an agency which goes after small investors in the name of protecting them. And, it's a job-killing agency which has proven it has no reason to exist.

Now, it seems that the majority party in DC (Republicans) are fed up. Let's hope they not only force the SEC to change its irrational stance on the JOBS Act. Let's hope they do the right thing and let the free market make the decision on investments in general.