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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As New York is increasingly shoving capital out, Texas is saying, 'You're welcome here.
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.
Texas has been a great place to do business for decades, but increasingly it's a great place to headquarter your business.
So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…
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