Background: In response to the financial crisis of 2007-08 and the Great Recession, Congress rushed through Dodd-Frank under the guise of “consumer protection.” This law imposes 3,500-plus pages of new rules and regulations on the financial industry. Dodd-Frank codified “too big to fail” policies, destroyed local community banks, restricted access to credit for investors and homebuyers, raised lending costs, reduced access to capital for businesses, and created one of the most powerful and unaccountable federal agencies in the Consumer Financial Protection Bureau (CFPB).
Background: In the last few decades, innovative technologies dramatically expanded the amount of available oil reserves in the United States. U.S. natural gas reserves have grown by 78 percent from 2004-2014 leading to an abundant growth of jobs in the energy sector. The energy industry, on its own, saved the country from a deeper and longer economic recession. From 2007-2012, total private sector job growth increased by only 1 percent. During that same period,