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Monday, June 13, 2011

Rep. Joe Pitts: Obama policies cost U.S. jobs

Pennsylvania Congressman Joe Pitts says Obama's anti-business policies are preventing U.S. firms from hiring.

From a recent op-ed:
Anyone who has owned or managed a business knows how many questions need to be answered before creating a new job. Do you really need another person, or can present employees become more productive? Will there be qualified applicants? How much time will it take to sort through all the resumes? Can the business afford to hire right now?

Before looking to hire new employees, a business owner has to be confident that the search will be worth the time and effort. The more uncertainties in the process, the more risky it will be to hire.

Unfortunately, now is a very risky time to hire. The May jobs report showed a net gain of only 54,000 jobs. Because of more Americans starting to look for a job, unemployment climbed to 9.1 percent.

Most recessions since the Great Depression have been followed by a rapid period of job growth. This time though we haven't seen that type of recovery. Last year's "Recovery Summer" never materialized, and this summer isn't shaping up to be much better.

Government stimulus has failed to hold down unemployment or create the conditions for a recovery. In fact, the increase in government debt contributes to economic uncertainty. Accounting for interest, the stimulus bill cost the government more than $1 trillion. Almost every dime of that money has been spent, but unemployment has barely budged.
Read the full column at the link below:

Obama policies cost U.S. jobs - pottsmerc.com

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