President Obama is withdrawing proposed tighter regulations on smog that had been part of his initial energetic approach to reform early in his presidency. No jobs have been created in the last month and congressional Republicans are shouting about regulations and the burden to business as the major reason.  I think they’re running out of excuses. I mean, we’ve rolled back taxes, rolled back regulations, given them money…and still no one is hiring. I don’t think anyone is going to.
Big business, including the banks, are sitting on huge piles of cash right now. Yet they won’t make loans. Not at levels sufficient to boost job growth. …