This last week, the Senate passed the “JOBS Act,” leaving it one step away from final passage by Congress and Signature by President Obama. The JOBS Act contains a number of provisions which are aimed at reducing the securities compliance burdens of small companies and startups. One of the major provisions within the JOBS Act is the so-called “crowdfunding” provision.
Thereby proving that Democrats really aren't serious about promoting capital formation. Instead, they cling to the belief that jobs will spring from Obama's forehead sort of the way Athena sprang from that of Zeus, without the need for business men and women to raise capital for expansion and growth.