Wednesday, April 25, 2012

Obama et al Obstructing $1 Billion In New Investments

Barack Obama has been complaining that US companies are not reinvesting their profits into new job creation Here's why.
Lengthy federal and state review of new business projects is delaying up to $1 trillion in new investments, according to John Engler, president of the Business Roundtable.

If the government streamlined the federal permitting process — without sacrificing safety or the quality of reviews — it would unleash a flood of investments that would improve economic growth and reduce the federal deficit, said Engler, whose members include Fortune 500 companies such as AT&T, Boeing, Xerox and Yahoo.

“The payoff is in jobs and growth,” Engler, a former Republican governor of Michigan, told The Daily Caller on Tuesday.


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