I am hearing from a lot of people who don't like the sound of that--shop owners, auto dealers, real estate agents, community bankers, retailers, doctors, dentists, traders on eBay--they're afraid the so-called consumer protection legislation we are hearing about will make it harder to borrow money. It will take more time to borrow money. It will be more expensive to borrow money. They will have to fill out more forms to borrow money. They will have fewer choices to borrow money. If the shop owner, the auto dealer, the real estate agent, the community banker, the doctor or the dentist, and the traders on eBay can't borrow money, then they can't invest, we can't create jobs, and we can't put an end to this recession.
Editor's note · Context
The speaker addresses concerns about consumer protection legislation affecting borrowing and economic recovery.
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