Even statutes deserve a trial before you hang them. After 22 paragraphs of asserting the failure of the Jobs Act, the March 29 news article “The Jobs Act falls short” noted that “even the staunchest critics say it’s too early to tell whether the provisions are working.” The lead was buried, but by that point so was the act.
Initial public offerings won’t recover until the Securities and Exchange Commission implements the act and companies can begin raising money under its provisions. Any judgments before then are useless.
Critics who assert that letting average Americans invest in small businesses is “a fad” will live in infamy alongside Ken Olsen, chief executive of Digital Equipment Corp., who said in 1977 in a speech to the World Future Society, “There is no reason for any individual to have a computer in his home.”
Gregory C. Simon, Bethesda
The writer is chief executive of Poliwogg Holdings Inc. which intends to use the Jobs Act to raise money for private health-care and community-based businesses.