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It's "good news" all right, but not for long-suffering households. This measure increases their torrent. It does nothing to alleviate it. As expected, Obama went along. Imagine conditions ahead if he's reelected.
Imagine them under either party. The criminal class in Washington is bipartisan. Presidents serve as titular heads. They either go along or get replaced by someone who will.
Wars without end continue. Bankers and other financial giants steal freely. When overreach, they're bailed out. America's 99% is left out and betrayed. Bad as things are now, expect worse.
Money power in private hands runs America. Whatever it wants it gets. People have no say. Exploiting them is policy. America's wealth gap is unprecedented. Young people once had futures. No longer.
Nonetheless, a White House Office of the Press Secretary statement said:
"On Thursday, April 5, 2012, the President signed into law:H.R. 3606, the 'Jumpstart Our Business Startups Act,' which provides for Federal securities law exemptions intended to ease access to capital and investments for emerging growth companies and through crowdfunding."
A same day White House blog Federal Chief Information Officer commentary headlined, "The JOBS Act: Encouraging Startups, Supporting Small Businesses," saying:
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