Friday, July 16, 2010

The effects of the Fin Ref Bill, according to the WSJ
The timing of Dodd-Frank could hardly be worse for the fragile recovery. A new survey by the Vistage consulting group of small and midsize company CEOs finds that "uncertainty" about the economy is by far the most significant business issue they face. Of the more than 1,600 CEOs surveyed, 87% said the federal government doesn't understand the challenges confronting American companies.
Again the problem is uncertainty. If the Dems hold both house of Congress that uncertainty will continue for two more year after January.

But it could be quantum physics for all they care. Actually that may be a good way of viewing it. Their promises are in a superposition that doesn't collapse until the regulations are made and the courts have ruled. Does any law come into being until it has been ruled on by the courts? Does it exist as a curve of varying probabilities until thus defined?

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