Jobs versus JOBS: Obama’s Mixed Message
More mixed signals from the Obama administration on jobs: A craven capitulation on regulation in the name of job-creation, and a surprisingly good speech by a top official on the importance of American manufacturing.
President Barack Obama will shortly sign the so-called bipartisan “JOBS” Act. The law is neither about creating jobs, nor is it bipartisan. The law exempts an estimated 80 percent of new publicly traded corporations from the Securities and Exchange Commission’s (SEC) usual disclosure requirements for up to five years after their initial public offering (IPO).