Mackenzie Weinger
Politico
9/26/2011
Sen. Susan Collins says businesses need a “time-out” from excessive regulations that discourage job creation.
The Maine Republican wrote Monday in the Wall Street Journal that American employers “dread what is coming next out of Washington” — and Congress must pass the legislation she has proposed imposing a one-year moratorium on significant new regulations. This “time-out,” she wrote, will spur growth and create new jobs.
“In sports, time-outs are called to give athletes a chance to catch their breaths and make better decisions about the next play,” she wrote. “American workers and businesses are the athletes in a global competition that we must win. They need a time-out from excessive regulation so that America can get back to work.”…
The article continues at Politico.
Related: Census: Young hit hard by recession
Also, Generation Limbo
There has been a crowded field of suffering created by the Great Recession, in which $14.5 trillion of American wealth vanished.
Baby Boomers have lost retirement funds, while Generation X–ers have lost out on some peak earning years. The biggest losers, though, have been the Millennials. According to the 2010 census data released last week, many of them have literally lost their future.
The media have taken to describing the 18- to 29-year-olds who will ultimately bear the brunt of the economic downturn as the “Lost Generation.” It’s the haunting turn of phrase that Ernest Hemingway credited to Gertrude Stein, who used it almost a century ago, referring to the men and women who struggled in the aftermath of World War I…
