Our Economic Katrina

clipped from hotair.com For example, the new financial regulation bill includes nearly 500 “rule-makings,” studies, and reports, compared with just 14 in total for the controversial Sarbanes-Oxley bill, passed after the financial scandals of Enron and WorldCom. The disillusionment has spread to the Business Roundtable, the U.S. Chamber of Commerce, and the National Federation of Independent Business (NFIB), which represents small businesses that normally account for roughly 60 percent of job creation. The chief economist of the NFIB, William Dunkelberg, put it clearly: Small business owners “do not trust the economic policies in place or proposed.” He also said, “The U.S. economy faces hurricane force headwinds and the government is at the center of the storm, making an economic recovery very difficult.” Our economic Katrina, in short. I’d say that the Hopeandchangillusion has worn off from Zuckerman and the entire business community — and the rest of those not living within ivory towers.