you have job creator after job creator like bernie marcus and home depot saying i can tell you today that the impediments the government imposes are impossible to deal with. home depot would have never succeeded if we tried to start today. i had add the voices of every small business person i talked to the fifth congressional district of texas that i represent. so, again, it begs two questions. number one, the limits of the efficacy of monetary policy and frankly the risk as well. it was brought up early that we have retirees being squeezed, pension funds, savers. you certainly know that community banks feel squeezed. many of them are lending out on the risk curve. i'm very grateful you've shown your concern and anxiety over the structural debt, but so some extent you're one of the major playe players by creating these artificial rates that i would argue mask the true cost of our fisc fiscal folly by keep be rates artificially this low, aren't you simply postponing and exacerbating the problem, particularly the unintended consequences of another asset bubble? do you share these conce

bernie marcus, co-founder, former c.e.o. of home depot, quote, having built a small business into a big one, i can tell you that today the impediments that the government imposes are almost impossible to deal with. home depot would have never succeeded if we tried to start it today. let me repeat that, madam chair. home depot would have never succeeded if we tried to start it today. every day you see rules and regulations from a group of washington bureaucrats who know nothing about running a business. and i mean every day. it's become stifling. if you're a small businessman, the only way to deal with it is to work harder, put in more hours and let people go. when you consider that something like 70% of the american people work for small businesses, you are talking about a big economic impact. just three voices, madam chair, from america's job creators. again, it's not a real secret why we've had a dirt of i.p.o.'s. so i understand the gentlelady's amendment is to have the s.e.c. issue a report. number one, i would also note

you have a job creator after a job creator, like bernie marcus at home depot, saying that the impedimentsnt imposes is far too difficult to deal with. i would add to the voices of just about every small business person i have talked to in the fifth congressional district of texas that i represent. it begs to questions. number one, the limits of the efficacy of monetary policy and, frankly, the risk as well. it was brought up early that we retirees who are being squeezed. pension fund, savers, you know that community banks are feeling squeezed. many of them are lending out on risk curve. i am very grateful that you have shown your concern and anxiety over the structural debt. but to some extent, you're one of the major players by creating these artificial rate that i would argue masked the true cost of our fiscal folly. and to some extent, by keeping rates artificially the slow, are you not simply postponing and exacerbating the problem, particularly the unintended consequences of another asset bubble? do you do you share these concerns? >> congressman fright pointed out in sharp movement

i'm part of bernie marcus' job creators alliance. a study of how many economically significant regulations have been passed. we compared the first -- economically significant meaning over $100 million impact on the economy on taxpayers. under the bush administration, you take that as the base line, the first three years, the number under the first three years of the obama administration has grown 30fold, not three fold. 30 fold. and these regulations come from every branch of government from the labor department, the justice department. if you are a small emerging business, it's difficult. frankly it gives a competitive advantage to the bigger businesses who can fire the hom pliance guys and lawyers to deal with all this nonsense. >> the other thing is and we always talk about what a president gets credit for, what he doesn't get credit for. we're always told if he's in that chair and the stock market goes up, you give him credit. if he is in the chair and job creation gups, he's going to get credit for it. the jobless rate on inaugu

bernie marcus, c.e.o. of home depot. if we don't lower spending and if we don't deal with paying down the debt, we are going to have to raise taxes, even brain dead economists understand that when you raise taxes you cost jobs. because the president cannot stand on his record, he is regrettably -- he has regrettably turned to the politics of envy and division. there is nothing fair about making our children and our grandchildren pay the bills for what the president's own fiscal commission co-chairs called the most predictable economic crisis in our history. i have a couple more quotes and these aren't from conservative publications, mind you. the "usa today," obama's budget plan leaves debt bomb ticking. "the boston herald," president obama has apparently decided that he is not going to be part of the solution to the nation's enormous debt -- or excuse me, deficit, which would make him, yes, part of the problem. mr. speaker, our friends across the aisle continuously discuss the issue of medicare which we know is one of t

you have a job creator after a job creator, like bernie marcus, and home depot, saying, i can tell you today that the impediments the government imposes are impossible to deal with. home depot would never have succeeded if we tried to start today. i would add the voices of just about every small business person i have talked to in the fifth congressional the chicago -- congressional district of texas that i represent. it begs to the above questions. number one, the limits of efficacy of monetary policy, and frankly, the risk as well. it was brought up earlier that we have retirees that are being squeezed, pension funds, sabres. certainly you know that community banks are being squeezed. many are lending out on the risk curve. i am very grateful that you have shown your concern and anxiety over the structural debt, but to some extent, you are one of the major players by creating these artificial rates that i would argue mask the true cost of our fiscal folly. and to a certain extent, by keeping rates artificially the slow, aren't you simply postponing and exacerbating -- this low, are i