Repeal of Sarbanes Oxley and Dodd Frank Proposed
Last Updated on Friday, 9 December 2011 08:45
Written by dbhalling Friday, 9 December 2011 08:45 |
According to US News. Newt Gingrich is proposing to repeal Sarbanes Oxley and Dodd Frank on his inaugural day. SOX has killed innovation by making it impossible for technology startups to get funding.
At his speech at the Republican Jewish Coalition’s 2012 Republican Presidential Candidates Forum this afternoon, Gingrich urged attendees to help vote a large Republican majority into the House and Senate in
2012 so Congress could immediately pass repeals of the Affordable Care Act and the financial regulations Sarbanes-Oxley and Dodd-Frank.
This would be an excellent start, now we just need him to repeal the America Invents Act and roll back spending to 2007 levels.
I wonder if he is shooting himself in the foot with any of those promises. I wonder if he really wants to be president. Some claim those laws create an inability to recover from the economic decline but none claim those laws created the economic decline. Even people who agree with Gingrich will ask how repealing those laws protect them.
Well I am claiming that SOX was a significant contributor to the economic downturn. It made it harder to invest in technology startups, which pushed people into non-productive financial investments like real estate.