plus special financing through new year s day. - cause people got me questioning where is the love - ma am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. dave: the implementation of the jobs act, which stands for jump start our business start-ups, has been delayed and our next guest stays that needs to be passed now. joining us is the president and ceo of consumer electronics association, gary shapiro. good to see you.
that s the chairwoman concerned about her legacy. entrepreneurs cannot use these proposal. they can t use the higher thresholds. the push back, all this bureaucratic red tape which makes it more difficult to raise money. if it s more difficult to raise money, it s more difficult to create jobs. so we re almost there. we just have to get over that line to get the touchdown of job creation. dave: here is the sec response to the congressman, quote, chairman shapiro strongly believes that protecting investors should be the desired legacy of all sec chairmen. it s part of our mission and should inform our decisions at all times. she also believes that the agency should not consider investors or the groups that represent them to be special interest. you see any conflict in that statement or do you like their explanation? i think it s the job of the congress who are elected officials to make these type of decisions and balancing act. it s not the job of an
good morning. dave: it s funny, we re talking about the fiscal cliff stuff and jobs seem to be left out of the conversation. we haven t heard about much to jump start the economy. tell us what the jobs act is. first of all, the financing cliff, you can either raise taxes, cut spending or grow the economy. there has been very little discussion about growth. congress did something great and president obama signed it. it was called the jobs act. it was about growth and a lot of growth through innovation. what it did is made easier forebitt entwhistles to raise money. they could crowd funds, go out to more people before having these commission regulations, they could do many other things they couldn t do under the present law. but it did require the security and exchange commission to issue some rules. it turns out those rules have still not been issued. it s been about a year now and they ve been held up because the chairman of the sec, chairwoman, shapiro, no relation to me, decide
of hard working colleagues. is it your belief that has stopped? well, i can tell you certainly that chairman shapiro has take a taken a strong policy against this and come down hard against the individuals we ve identified as invite violating the rules. in the area days there was resistant but chairman shapiro is taking it seriously and taking action against the individuals we re catching. neil: we re just getting word that house oversight and government reform committee s daryl isa sent awe letter requesting you initiate and independent investigation regarding action against goldman sachs, have you received this? any do you want to comment on that? yeah i have received a letter. and we do intend to conduct an