John Merline of Investor's Business Daily interviews Bernie Marcus, the co-founder of Home Depot. Marcus tells IBD that Home Depot "would never have succeeded" as a retail business if it were founded today because of the regulatory burden. Here's a taste of the interview:
IBD: If you could sit down with Obama and talk to him about job creation, what would you say?
Marcus: I'm not sure Obama would understand anything that I'd say, because he's never really worked a day outside the political or legal area. He doesn't know how to make a payroll, he doesn't understand the problems businesses face. I would try to explain that the plight of the busi nessman is very reactive to Washington. As Washington piles on regulations and mandates, the impact is tremendous. I don't think he's a bad guy. I just think he has no knowledge of this.
Read the whole thing here.