this despite a strong july jobs report. here is the numbers. the dow down about 100 points. the s&p 500 down 21. nasdaq down 107. and with that, we bring in president and ceo of the jobs creators network, alfredo ortiz. good to see you. good afternoon. leland: boy, investors say if you want proof of tow important and how, frankly, wild this trade war is or potential of the trade war is, just think about it. the president gets his rate cut on wednesday, good jobs numbers, and still the market tanks. yeah, you know, there s obviously sensitivity on the trade side leland: you think? [laughter] bigtime. but when you look at actually what s happening especially with a lot of our small business manufacturers, one for example that i talk to all the time has a small manufacturing company in wakanda, illinois. when she talks about how she needs to compete against folks like manufacturers in china, she competes on quality. she can t compete necessarily on price because china is
comply with a single regulation in just its first year of existence. small business manufacturers also bear an enormous ongoing burden spending an average of nearly $35,000 per employee each year. incredible. this excessive regulation does not just threaten our economy. it threatens our entire constitutional system. and it does nothing other than delay and cost much more, it does nothing. congress has abandoned much of its responsibility to legislate, and has instead given unelected regulators extraordinary power to control the lives of others. the courts have let this massive power grab go almost completely unchecked and have almost ruled in favor of big government. with billions and billions of dollars wasted.
first year. a small business manufacturers also bear an enormous ongoing burden, spending an average of nearly $35,000 for employees each year. incredible. this excessive regulation does not just threaten our economy, it threatens our entire constitution. and it does nothing, other than delay and cost much more. it does nothing. it congress has abandoned much of its responsibility to legislate, and has instead given unelected regulators extraordinary power to control the lives of others. the courts have left this massive power grab go almost completely unchecked, and out ot have almost always ruled in favor of big government, with billions and billions of dollars wasted. regulation is a still taxation. so many of these enormous regulatory burdens were imposed
i hear you on action. so representative, what actions do you think apart from the health care repeal, which we know we did more than once in the house, yeah, sure. what other actions taken on your legislation or other republican priorities? yes. some of the things we have done at energy and commerce committee in our oversight has been dealing with the epa and the overreach that is there. there has been such a concern from the way the epa has gone about dealing with some of our small business manufacturers in this country. and we have done a tremendous amount of oversight there. working on the energy issue, pushing forward on that. you ve had bipartisan support in the house. and by the way, we have a lot of bipartisan support on issues in the house. and it seems that they go to the senate and harry reid just chooses not to take them up. we want the senate to work a little bit more. sure. i think people want all of congress to work. absolutely. let s take a look at that