January 31, 2017
The New York Times ran a piece discussing in detail Republican efforts to repeal the financial reform bill passed under President Obama. The piece includes a quote from Representative Jeb Hensarling, the chairman of the House Financial Services Committee:
“Republicans on the Financial Services Committee are eager to work with the president and his administration to unclog the arteries of our financial system so the lifeblood of capital can flow more freely and create jobs.”
It would have been worth noting that the claim businesses are unable to get capital in the current environment has nothing to do with reality. The National Federation of Independent Businesses has been conducting surveys of its members for more than forty years. Their survey finds that access to credit today is less of a problem now than at almost any previous time.
It would have been useful to point this fact out to readers so that they would know that Mr. Hensarling either has no idea what he is talking about or is deliberately lying to advance his agenda for repealing Dodd-Frank.
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