Under the Dome

Luddy talks overregulation on Fox Business News

Raleigh businessman and school-choice advocate Bob Luddy’s profile has been on the rise in business and political circles this year.

He helped finance a super PAC that helped re-elect state Supreme Court Justice Paul Newby. This  summer he testified before the U.S. House Judiciary Committee that excessive regulations were stunting job creation.

The other day he appeared on John Stossel’s Fox Business News national TV show to deliver the same message in response to Stossel’s pointedly softball questions. The heating and air-conditioning magnate, whose company CaptiveAire has grown to 700 employees in the past 35 years, said overregulation in a competitive industry like his makes it harder to turn a profit.

“Individuals and small companies make much better economic decisions than any government ever could,” Luddy said, adding that business must grow faster than government or unemployment will continue to be a problem.

Here's the clip:

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