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Is government regulation hurting jobs?

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    Former Senator Blanche Lincoln talks about how to stimulate the job market

  • Duration 5:42
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Okay how we're doing right now from Washington DC -- bureau -- by senator Blanche Lincoln hi how are you thanks for coming nine.

It's article -- -- -- with you good afternoon.

Okay so you are the coalition chair of the small businesses for sensible regulations and what you're.

Task is right now what your fired up about is making it easier for small businesses which are the backbone of the US economy to actually create jobs.

Which we need and really quickly before we get into what exactly.

Your visions are on all of this -- -- point out is we're talking in the business world that's now thirteen thousand today.

The last time we hit down thirteen -- in May 2000 -- the unemployment rate was just about 5%.

And now fast forward.

22012 whereas over 80% so we have a long way to go to get this job market recovering so what would you suggest.

To action -- eight people feel confident.

To hire workers to spend -- -- that they're sitting on.

Well and and that's the real issue -- -- to make sure that businesses do have a confidence and we're not creating confidence out of Washington.

Because we're not creating certainty out of Washington and that's one of the things that they lack.

The most.

For small businesses.

Regulations are nightmare it's their number one issue Gallup poll told us several months ago.

But it's their biggest concern out there are.

Is the unpredictability of regulations coming out of Washington and what we're doing is reaching out to small businesses.

They the National Federation of Independent Businesses in -- -- big.

We got our campaign going we want small businesses stories to be heard and we started sensible regulations dot award.

On great group where we're talking about the importance of making sure that regulations particularly with small businesses on the that you know right now what we hear from small businesses and -- too many.

Too many regulations there's too much to them and they're coming that I'm too fat.

Can you give me an example I don't know if you can speak to something really specific or just in general of what these small business owners are really griping about.

Is there something that changes and demonstrate to us why people are selling -- the Obama administration with respect to this.

Well within every an administration for at least the last four I think on that people at particularly small businesses but in this economy it is.

It is particularly devastating.

And this is a place where the administration can actually do something on it sound they don't have to go say it.

A very policy turmoil of legislation on Capitol Hill but they can put into place on the more smarter regulations.

On -- making sure that what they're putting out is not going to be.

Say eat -- you know duplicative.

Without regulations that are already on the books that they're not gonna be that complicated.

Just smarter regulations that's what we're asking for something -- smarter and that is less damaging to the economy.

And it's not only looking at the 424200.

Pending regulations right now that are in the pipeline.

Mean that's a tremendous amount for small businesses to have to.

To prepare for when they don't even know when we say no annual cost of -- one point three trillion dollars -- exactly.

And and to small businesses when you look at particularly regulations coming out of EPA.

On -- that it you know small businesses to meet those regulations it cost them on average somewhere around 380%.

More than big businesses.

You know what regulations -- a problem for big businesses today but the fact is with small businesses.

On -- -- held their resources are precious and we want them taken those resources and reinvesting them.

In in creating jobs in building their business is it being competitive on and they can't win these regulations are so unpredictable -- we just switch over to the.

Big business Allen and right now because -- 500 companies -- just companies in general are sitting on record amounts of cash -- of dollars to just sitting on.

They're not investing it back in their own companies and they're not hiring workers so much is this is true for small businesses and yes our hearts go out to them.

But it's true for big businesses as well.

It's it's it's true for all businesses out there and -- again one of the things that's the problem is -- the lack of predictability the lack of certainty 4200.

Pending regulations in the pipeline right now.

They have no earthly idea what to expect and what's coming down -- how I.

Come up with 4200.

Regulations -- I if you paid me.

42 million dollars I don't think I could come with 4200 regulations what are these things look.

At this stuff.

Well there everything out there and -- you know this is not a campaign to say.

On that we want to do away with regulations are and that we want to eliminate all agencies what we want them to do is we want them to be smarter.

And we want them to do less damage to the economy and that means.

Being practical being pragmatic being get a small businesses and industries in the development of these regulations and it being night.

Making sure that there is a benefit cost we know what the benefits -- -- let's make sure we look at the cost.

Let's make sure -- independent analysis that it's not that agency that's riding the rig that's actually doing the analysis we want independent analysis and we want it based on sound science.

And and good objective data these -- things that can help us really put our economy back on track and put people back to work.

Think -- so much for your time.

Senator I really I appreciate and I just want to point out that.

How the public views regulation 63%.

Say rules issued over the last five years have done more harm.

Than anything else to small businesses so that's that's a big majority of people I gotta make them smarter -- thanks again we had a speech here.

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