Obama Jobs Gap surpasses 1 Million in July

By R.C. Hammond on August 9, 2010 12:15 PM americansolutions.com

Washington, DC - The Obama jobs gap surpassed one-million jobs in July as the President's job creation policies continue to fail the 17 million Americans needing work. According to the St. Petersburg Times the American economy should create 292,000 jobs a month beginning in February 2010 to reach 5% unemployment by 2015 - job creation has fallen 1,138,000 jobs off the necessary pace in the past six months.

"The President's policies have a sustaining rate of failure," said Dan Varroney, who heads American Solutions Jobs & Prosperity Taskforce. "The only thing President Obama offers small businesses is uncertainty, more regulation, and higher taxes. This is a recipe for economic disaster."

The Obama Jobs Gap ( ō-ˈbä-mə - jäbzˈ- gap): The number of jobs President Obama's economic policies are not creating each month extending the Obama Recession and leaving millions of Americans unemployed. The wider the Obama Jobs Gap the longer it will take for the U.S. economy to return to a 5% unemployment rate, a level most economist consider full-employment.

American Solutions small business owners continue to give the Obama Administration poor marks on the economy. When asked in the most recent American Solutions Small Business survey what Washington should be doing to help create jobs, small business owners said:

• Cypress, Texas small business owner William Barnett: "Get rid of the Health Care bill and all the other things that have been dreamed up by this Congress in the last year and a half."

• Sandy, Utah small business owner Dawn Gordon: "Get out of our way. Stop spending and passing laws that are in favor of big government and against business."

• Yakima, Washington small business owner Bill Kramer: "Reduce regulation, lower taxes, reduce the size of the Federal Government by at least seventy-five percent."

• Clermont, Florida small business owner Boyd Cochrane: "Cut taxes, cut red tape, cut governmental control, eliminate the 'managed economy' objective of this government, restore free markets."

American Solutions is proposing a series of tax cuts to spur small business. Introduced in the U.S. House as H.R. 5029, the Economic Freedom Act, the legislation has the support of forty-eight Members of Congress.

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