According to a report in Pitt County Daily Reflector, Gov.
Purdue ?told reporters in a phone
call that community banks in the state tell her they’re over-regulated by
Washington and hesitant to lend.?
Yes indeed.
Government needs to get out of the way, let money and credit start to flow
in a free market and allow the economy recover. Daren explains the dangers of regulation in this new
report. Bev Perdue should heed his
advice.
However, instead of making efforts to ease regulation she
offers this suggestion. ?The governor would like the Obama administration to
create a small loan pool.?
We agree on the problem ? government regulation. However, the answer is less government ? not more.