Rolling Stone Magazine Article: Why Obama's JOBS Act Couldn't Suck Worse

[Honeycombe8]

30. It applies to small businesses, not just big startups, so it's good in that sense.

Small businesses hire more employees than combined than big businesses.

I heard a criticism of Obama on TV a few mos. ago. I think it came from Scarborough, so take whatever you want from him being the source. Anyway, he said that some business friends of his complained that in a recession, when Obama wants jobs to increase, that they resented the fact that Obama had not met with business leaders even once, to talk to them just to see what would help them jumpstart their businesses and get them hiring again. Not even that he wouldn't pursue those things. It was a criticism that he hadn't even bothered to ask them why they weren't hiring.

If that's true, that made sense to me. If you want a business to increase its business and start hiring again, the first thing you'd do, I would think, is ask that business what in particular it thinks would help accomplish that.

I desperately want businesses to start hiring again, so if it does that, it's good. But I must admit that I don't know everything about the bill, and the parts mentioned in that article are pretty concerning. But I do think that investors mentioned are high level investors for the most part, since I've read that the Senate added to the bill some protection for investors that are not experts.

It sounds, offhand, like a good idea that goes too far. But that's what compromise is. Still, I don't hear any Republican criticism, so it might just be an all-out Republican bill. Compromise should mean that both sides complain.

Maybe Obama is desperate to get jobs going.