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Thursday, 15 July 2010 21:58 |
(FriendsOfTheUSchamber) The congressional majority and the administration have taken their eyes off the ball when it comes to Americans' top priority - creating jobs.
Although the economy may be growing again, it is not growing nearly fast enough to create the 20 million jobs we'll need in the next decade to replace those lost in the recession and to keep up with a growing population.
Instead of partnering with the business community and embracing proven ideas for job creation, the congressional majority and the administration have embarked on a course of rapid government expansion, major tax increases and suffocating regulations.
Their actions have injected tremendous uncertainty into our economy. Banks, investors, companies, entrepreneurs, and consumers are concerned and worried. They don't know what is going to hit them next.
One thing is certain: If we continue on our current course, we may lose even more jobs and we could end up in a double-dip recession. We will also erode our competitive position globally, as other nations take steps to cut taxes, reduce regulations, and restrain the appetites of government.
As the president has said repeatedly, and as every economist knows, prosperity and job growth come from the private sector, not from the government. Government's role is to establish the right conditions so the private sector can invest, grow, compete, create new products and services, and put Americans back to work.
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Last Updated on Thursday, 15 July 2010 22:37 |