Stimulating Government Bureaucracy
Yesterday, the White House released its estimate that 30,383 jobs were “saved or created” by the stimulus. This is a result of $2.2 billion going directly from the federal government to its own contractors and employees. Millions of people are out of work, and rather than helping small businesses create new jobs, Washington continues to divert billions of dollars into government bureaucracies. In fact, the New York Times reported this morning that the areas suffering most from job losses have not been helped by Congress’ $787 billion spending package.
From January to August, the number of new job openings plummeted 21%, and this number dropped 36% from a year ago. Connecticut is suffering, and every month, the job losses continue to mount. Congress needs to take action to save these jobs.
So why has the stimulus not lived up to promises? Because big government is not the answer. The engine that has driven the economic growth of our country for generations is small business innovation. Small businesses create 70% of jobs, so it’s only common sense that helping small businesses should be Washington’s focus. By offering tax breaks to small businesses and aid to entrepreneurs, America will again see the promise of opportunity.