McCarthy Introduces the Access to Capital for Job Creators Act 9/15/11

[goodboy]

http://www.kevinmccarthy.house.gov/index.php?option=com_content&task=view&id=589&Itemid=94&fb_source=message

Washington D.C. – Congressman Kevin McCarthy introduced the Access to Capital for Job Creators Act today. This legislation would widen the universe of potential investors for small businesses allowed under the Securities Act of 1933 without subjecting these businesses to the onerous costs of registration with the Securities and Exchange Commission (SEC). As a result, small businesses would have increased access to capital, allowing them to grow and create jobs at a time when persistently high unemployment plagues our nation's economy.


DU - what's your take on this? Seems like more collusion, more fascism to me.

[Avalux]

1. McCarthy is a Puke and this is an attempt at de-regulation.

Bad, bad, bad

[goodboy]

3. I wish there was a complete debunking of this thing somewhere...(nt)

[Avalux]

7. What else do you need to know? With the current climate -

there is no way a congressional republican would put forth legislation (calling for deregulation) that would benefit anyone other than 'investors' (1%).

[atreides1]

2. Sounds shifty to me

Why would they want to hide from the SEC...sounds like those jobs where you pay people "under the table", and no one is the wiser!

Really, how much does it cost to register with the SEC? And the only reason to hide is maybe the money is coming from criminal enterprises and needs to be "laundered".

Just a few questions that should be considered!

[goodboy]

6. Corporate welfare, and deregulation, because it's worked well before (nt)

[KansDem]

4. They've had 30 years of "trickle down" and 10 years of Bush tax cuts...

All supposedly so the "job creators" could "create jobs." They didn't. They have no intention of "creating jobs" (except in China, Vietnam, Cambodia, India and elsewhere--everywhere but here).

This is a ruse--follow the money.

[mmonk]

5. We can throw boatloads of money to business and have done so but it

doesn't create demand. You don't need a loan of you aren't hiring or expanding due to increased sales.

[sinkingfeeling]

8. It's bull as one can tell by the 'job creators act' in the title.

[meow2u3]

9. It's the Corporate Extortion Legalization Act

[Initech]

10. Job creators in the title = bullshit. Last thing we need is to legalize this crap.