Washington spars over government regulations

     I wish the media powers that be, would also focus on the industrial policies from the federal government that have allowed companies to dump domestic workers in favor of overseas workers.  ----lee

By Charles Riley @CNNMoney October 27, 2011: 5:17 PM ET

     NEW YORK (CNNMoney) -- Onerous government regulations are either strangling the U.S. economy and killing job creation ... or they're not.

    

     In Washington, there is no middle ground.

     On Monday, the White House called the idea that an uncertain regulatory environment was holding back hiring a "commonly repeated misconception."

     If new regulations were a significant drag, the consequences would show up in data that measure business profits, workforce trends and investment levels, the government contends.

     But that's just not happening, the Treasury Department said. 

     Republicans offered up their own evidence on Thursday, railing against "massive amounts of red tape raining down from the administration."

Regulation: Not the job killer GOP says

     In a blog post, Republican members of the House Financial Services Committee cited a Gallup poll in which 22% of small business owners identified complying with government regulations as the most important issue they face.

     "One of the biggest failures of the Obama Administration is its determination to rely upon theoretical academics rather than listen to those who deal with the reality of the administration's actions," the blog post said.

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