Last week, the Federal Reserve made a little noticed, but astonishing announcement. In addition to projecting unemployment over 10% in the coming months, they also projected no net new jobs over the next five years.
Let me repeat that to drive the point home: no net new jobs over the next five years.
This is an amazing and sober prediction about the health of our economy, one that should make every lawmaker pause and reassess the priorities of government.
In this environment, almost every decision for lawmakers should come down to one question: Since small businesses create ¾ of the jobs in America, would this piece of legislation create a better or worse environment for small business job creation? [snip]
What if President Obama used the announcement from the Federal Reserve to, in effect, start the health-reform debate over?
What if he said, that given the continued trouble of our economy, he is asking Congress to go back to the drawing board to craft a pro-jobs, pro-growth, pro-reform health bill that would gain bipartisan support?
What would that bill look like?
[There's good answers out there, they're just being ignored because improving health care isn't the real agenda here - growing government is.
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