Bank of America's decision last month to lay off 30, 000 employees is a direct consequence of various Congressional edicts limiting how much the bank can charge merchants or how it can handle delinquent borrowers.
The Democrats will charge that the Republicans, by limiting malpractice suits, are still in hock to big business (although the health-care industry opposes the Republicans' plan just as it does the Democrats' one).
During the recession, corporate clients started limiting the number of hours a firm could charge and made it a policy not to pay for first-year associates, explains Don Liu, general counsel for Xerox Corp.