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GOP address taps Great Depression era

Oct. 15, 2011 at 8:05 AM   |   Comments

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WASHINGTON, Oct. 15 (UPI) -- Saturday's weekly U.S. Republican media address made a reference to the Great Depression as part of criticism of Democrats' regulatory policies.

Midway through the address, Rep. Kevin McCarthy, R-Calif., invoked memories of the worst global financial meltdown in history

"We're working to get rid of unnecessary regulations on small businesses, including those that have been handed down as far back as the Great Depression, well before Twitter and Facebook, before cell phones and color TV's, even before we landed on the moon," he said.

McCarthy, who is the House majority whip, also referred to a 1933 law that restricts how small business owners can raise capital.

"I cringe when I hear from the small business owners across the country who have to jump through these kinds of hoops," he said. "Today's entrepreneurs can be tomorrow's employers -- but not if they have to cope with yesterday's regulations."

With regard to the sharp partisan divide in Washington, the congressman took a campaign stance that again referred to history.

"We join with millions of Americans to say no to new taxes, new regulations, more Washington spending and taxes," he said. "It hasn't worked in the past, and it won't work now."

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