I have to tell you, whether I am talking to Fortune 50 CEOs in Dallas, Texas, where I reside, or good, honest, hardworking small business people in the rural areas of the Fifth District of Texas, they cite the red tape and regulatory burden coming out of Washington as the number one impediment to job creation.
Hensarling highlights regulatory burdens as a major obstacle to job creation.
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How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
Congress needs to do its job. You need to write legislation with more specificity.
If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
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