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Tipsheet

Harry Reid Doesn't Think Regulations Slow Economic Growth

This is what we call: ObamaNomics or LibNomics.

Yesterday on the Senate Floor, Senate Majority Leader Harry Reid slammed Republicans for daring to claim regulations kill jobs and stifle the economy.

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Senate Majority Leader Harry Reid (D-Nev.) on Tuesday bashed Republicans’ persistent focus on slashing regulations as a way to improve the economy.

“My Republican friends are yet to bring a single piece of evidence that the regulations they hate so much have the economic harm they claim,” said Reid from the floor. “That’s because there isn’t any."

Reality check: Regulations cost money, therefore, when businesses have to pay more money to comply with regulations, they have less money to pay a salary or wage, meaning the creation of less jobs, leading to less economic growth. It really isn't a hard concept to understand, but liberals just can't seem to get it.

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