October 5, 2012
This morning’s September job report once again showed very little improvement in the job market.
Even though the unemployment rate dropped by three tenths of a percentage point, from 8.1 percent in August to 7.8 in September, the fact is that 12.1 million Americans remain unemployed and the economy only created 114,000 new jobs last month.
Are our elected officials going to change anything to allow for more job growth? Are they going to limit economic uncertainty by stopping the $494 billion tax increase coming January 1?
Congress has gone home until after the election… The irresponsible behavior of Congress and the President in bringing the nation to this state means a significant slowdown is already almost certain. Mounting uncertainty about what, if anything, Washington will do is rapidly draining the vitality out of the economy.
The looming tax hikes–to say nothing of increased red tape–are discouraging small business owners from hiring. Heritage’s Salim Furth offers specific recommendations for lawmakers at the federal, state, and local level that would allow free enterprise to flourish.
Do you think your elected representatives should be focused on solutions to fix the economy?