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http://www.realclearpolitics.com/articles/2012/10/12/the_coming_romney_boom_115754.html
As a whole, Dodd-Frank aggregates the power of all three branches of government in one unelected, unsupervised and unaccountable bureaucrat,\" explained former White House Counsel C. Boyden Gray, who is challenging the constitutionality of the law.
Dodd/Frank weighs in at more than 1600 pages, and has already spawned more than 8000 pages of regulations -- about 30 percent of the estimated total. Many small banks believe Dodd/Frank is putting them out of business. The Wall Street giants can afford to hire compliance officers, but smaller banks are crippled by the regulations. Compliance costs are cutting into banks\' profit margins and limiting the capital available for lending.
Beyond compliance costs, banks and other institutions are stymied by the uncertainty about the 70 percent of Dodd/Frank regulations that have yet to be issued.
Even without tax reform, Mitt Romney and the Republicans could jumpstart an economic resurgence if they did just three things: 1) repeal Obamacare, 2) repeal Dodd/Frank and 3) and reverse the Obama policy of hindering domestic energy production.
As Walter Russell Mead documents in a fascinating series in the American Interest, the United States stands poised to become the world\'s largest producer of fossil fuels. \"The energy abundance that helped propel the United States to global leadership ... is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world\'s energy resources and the structure of the world\'s energy trade support American affluence at home and power abroad.\"
But it will require a president not ideologically blinkered by a ruinous commitment to \"green energy.\"
U.S. businesses are sitting on an estimated $2 trillion in liquid assets.
They\'ve been frightened into inaction, waiting for a better climate. It may be at hand
The rest of the story is at the link.
As a whole, Dodd-Frank aggregates the power of all three branches of government in one unelected, unsupervised and unaccountable bureaucrat,\" explained former White House Counsel C. Boyden Gray, who is challenging the constitutionality of the law.
Dodd/Frank weighs in at more than 1600 pages, and has already spawned more than 8000 pages of regulations -- about 30 percent of the estimated total. Many small banks believe Dodd/Frank is putting them out of business. The Wall Street giants can afford to hire compliance officers, but smaller banks are crippled by the regulations. Compliance costs are cutting into banks\' profit margins and limiting the capital available for lending.
Beyond compliance costs, banks and other institutions are stymied by the uncertainty about the 70 percent of Dodd/Frank regulations that have yet to be issued.
Even without tax reform, Mitt Romney and the Republicans could jumpstart an economic resurgence if they did just three things: 1) repeal Obamacare, 2) repeal Dodd/Frank and 3) and reverse the Obama policy of hindering domestic energy production.
As Walter Russell Mead documents in a fascinating series in the American Interest, the United States stands poised to become the world\'s largest producer of fossil fuels. \"The energy abundance that helped propel the United States to global leadership ... is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world\'s energy resources and the structure of the world\'s energy trade support American affluence at home and power abroad.\"
But it will require a president not ideologically blinkered by a ruinous commitment to \"green energy.\"
U.S. businesses are sitting on an estimated $2 trillion in liquid assets.
They\'ve been frightened into inaction, waiting for a better climate. It may be at hand
The rest of the story is at the link.
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