Jeb Hensarling: “It is a very important point because America has always been the land of the risk taker, the hard worker, the big…”

“It is a very important point because America has always been the land of the risk taker, the hard worker, the big dreamer, the entrepreneur. Now, what we are seeing in America today, because of Dodd-Frank and the Obama regulatory tsunami, is that we are having new business startups at their lowest level in over a generation. That means, increasingly, our garages are full of old cars, as opposed to new startups. Economic growth is something that compounds. If you don't have economic growth and American families can't grow, again, they lose sleep at night worrying about how they are going to pay their bills, how they are going to cover their checks, what will their children's future be? That is for those who still have checking accounts because another result of Dodd-Frank is that bank fees have gone up. As bank fees have gone up, the unbanked, lower- and moderate-income Americans, those ranks have grown. According to the FDIC, 9 million households don't have a checking or savings account; and that is because account fees are too high or unpredictable, most of this courtesy of Dodd-Frank.…”