Friday, July 16, 2010

Stopping the Bailouts?

House GOP Leader John Boehner has come out saying he supports a halt on federal regulations of private business, CNN reports. He believes, and some experts agree, that government interference in the private sector has contributed to the recent deceleration of our economy. A representative from the National Association of Manufacturers, Jay Timmons, stated that the US is "becoming one of the most risky places in the world in which to do business." Many believe that decreasing government involvement in private business would encourage growth in the business sector and jump start our economy once again. In order to do so, however, would require rallying support from members of both major political parties in Congress, which could take a substantial amount of time. Even if support is mustered to pass such a measure, whether it will be effective in boosting the economy is a question only time can answer.

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