Robert Kuttner excoriates the creators and supporters of the JOBS Act, says it will strip investor protections

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Robert Kuttner, co-editor of The American Prospect and a senior fellow at Demos, and Eliot Spitzer, former governor of New York, discuss the nefarious intentions of the JOBS (Jumpstart Our Business Startups) Act. “The one thing we have going for us is, there are disclosure laws so that if investors have the wit to read the disclosures, they can protect themselves, and that’s what this retched piece of legislation would gut. Shame on anybody who votes for this,” says Kuttner.