Will Congress continue to hold its breath or will they encourage job creation?
Working families can’t wait. The future of the American middle class is at stake. If the recovery sputters to a halt just when the sentiment of small business owners had bounced sharply upward (according to the NFIB index, as reported at Business Insider in May) many companies will suffer, and start a potentially vicious cycle of layoffs amid the uncertainty.
Fortunately, while most of the job losses have been in the public sector (the red line in the chart to the left) due to budget cuttingthat mimics the austerity agenda in the EuroZone, private sector hiring has been rebounding reliably for over two solid years (as the dark blue line shows) despite the crazy talk coming out of the Romney for Amercia [sic] camp.
If you think the Congress is doing all it can, check out this simple graph showing how many jobs weren’t created during the last GOP shutdown threat.