Proof that the new regulations are hurting the economy - proof from a friend of Obama's

This headline is much more significant than you suppose: Soros dumps investors to avoid new financial regs... There are several reasons why hiring and productivity (measured in GDP) has not taken off. One that is frequently touted is "regulations." The New FinReg (Financial Regulation Bill) is part of the problem. It was passed last year but will not be fully written for another two years. No one in business knows exactly how this monstrosity will effect their bottom line, so they are waiting. We have said it many times:

"one does not pass regulation on top of regulation and debt upon debt and tax increase upon increase during a recession."

Now, we have official liberal confirmation of the above warning . . . . from the evil George Soros, no less. Even he is cutting back to avoid unforeseen problems.

Point of post?

We told you so.