On the recordJune 9, 2011
I want to finish my points and then leave the floor because I have something else I have to do. It is amazing the negative effects we all are hearing from all across the country. Every Senator is hearing how regulation is drowning out opportunity for investment that creates jobs in this country. Every program has some positive aspects to it. The question isn't whether they have positive aspects, it is what is our priority now that we are bankrupted. Where should we be spending the money so we get the best bang for the buck. How do we pull back the regulatory framework so that it is common-sense oriented rather than bureaucratic oriented? That is what Senator Snowe is trying to do and to give some type of power to the very people who are being regulated. Because we certainly won't do the oversight. We haven't done the oversight. It is interesting that when the GAO put out this last report on duplication, they are right, they didn't say in these particular programs. But I put out a report 9 months before that detailed the duplication in these programs, and it was published, so you can find the duplication. The important point is we are strangling business and job development--small and medium. The big guys can take all this regulation, and they are already staffed up. The small- and medium- sized businesses can't. We have to give them a way to force common sense onto the bureaucracy. That is all this does.…





