The Regulation Lie

One of the Republican talking points that the simpletons among us continue to buy is that there is too much regulation on business and this restrains them from creating jobs. Another lie and simple economics can clear it up for those who care to listen. Currently, corporations in America are sitting on a record load of cash, two trillion dollars. The reason they are not creating jobs has nothing to do with regulations. It has to do with asset values declining by nearly 40 percent in the last few years in the real estate market, thus reducing the wealth of Americans, thus reducing our demand for consumption, thus, no need for hiring. Additionally the quest for wealth makes share price the number one priority of business leaders and since they can send jobs overseas more cheaply which increases the bottom line, these companies have no incentive to hire American workers that cost more on the balance sheet. Regulation my ass. Where are you Americans for reason and truth?