last 30 days. so we re going backwards at a huge pace. well, the thing that s so distressing is that some people don t want to work. i think that s a small percentage. i think most people do. but the very people that really want to work and hustle like the three that we have, that s the economy that our generation is leaving for the next generation is an economy that just is so broken that s been so structurally destroyed for whatever reasons. and that s what we re leaving them with. well, and i think that these aren t unknowns. these are things we can understand. because en you have the highest corporate tax rate in the world, when taxes are that high, when the regulatory burden includes obamacare which is a law that will never finish being written and then you have the dodd frank bill which is killing access to credit, just those three facts alone are enough to kill an economy. plus we re sitting on energy jobs, which is if we would only legalize energy production in the united
last 30 days. so we re going backwards at a huge pace. well, the thing that s so distressing is that some people don t want to work. i think that s a small percentage. i think most people do. but the very people that really want to work and hustle like the three that we have, that s the economy that our generation is leaving for the next generation is an economy that just is so broken that s been so structurally destroyed for whatever reasons. and that s what we re leaving them with. well, and i think that these aren t unknowns. these are things we can understand. because when you have the highest corporate tax rate in the world, when taxes are that high, when the regulatory burden includes obamacare which is a law that will never finish being written and then you have the dodd frank bill which is killing access to credit, just those three facts alone are enough to kill an economy. plus we re sitting on energy jobs, which is if we would only legalize energy production in the unit
dodd-frank bill, you have to write all these regulations, you re not writing them fast enough, what specifically is he most worried about? what does he really want addressed? i think the president is concerned of about an asset bubble. what is an asset bubble? explain for us. the housing bubble was an asset bubble where home prices got way overvalued compared to what we called the fundamentals, what they should be based on historical experience. that s what happened right before the crash and that appropriate ta precipitated the financial crisis. we don t have that now? we don t have a housing bubbleout. homes are probably still undervalued. what does this man for homeowners? should they be worried about the value of their investment? i think we re going to see home prices continue to tick up but a little more slowly there and in the past. the real problem is if you want to buy a house these days, credit is still tight.
legislation was only 37 pages long. the dodd-frank bill is 848 pages plus thousands of additional pages of rules. the affordable care act is more than 2,000 pages. bills have become so vast because they are qualified by provisions and exemptions and exceptions put in by the very industry being targeted. a process that academics call regulatory capture. the entire political system creates incentives. consider just one factor and there are many, the role of money which has expanded dramatically over the past four decades. harvard university s lawrence lechlt sich has pointed out congressmen spend three out of every five work days raising money. they also vote with extreme attention to their donors interests. he cites studies that demonstrate donors get a big bang for their campaign bucks, sometimes with returns on their
pages long. the 1933 glass-steagall legislation was only 37 pages long. the dodd-frank bill is 848 pages plus thousands of additional pages of rules. the affordable care act is more than 2,000 pages. bills have become so vast because they are qualified by provisions and exemptions and exceptions put in by the very industry being targeted. a process that academics call regulatory capture. the entire political system creates incentives. consider just one factor and there are many, the role of money which has expanded dramatically over the past four decades. harvard university s lawrence lessig has pointed out congressmen spend three out of every five work days raising money. they also vote with extreme attention to their donors interests. he cites studies that