I’ve reviewed a summary of the new health reform law – small businesses like ours with fewer than 50 employees are not required to offer insurance coverage through their business and are exempt from penalties. But even without this worry of providing health care insurance for all our employees, if I don’t see potential buyers, there still won’t be any reason for my business to re-hire positions trimmed back in 2007 when this Recession hit home.

I was stunned to discover that roughly 80% of those jobs shed since the Recession began were from small businesses. In spite of improved profits, large corporations are not picking up that slack. Estimates suggest our country needs to add about 1.5 Million jobs EACH YEAR just to keep pace with new workers entering the market. And during the Bush era, with tax cuts across the board, the economy created only 3 Million new jobs over 8 years.

Today almost 20% of US workers are still unemployed, under-employed, or they have simply stopped looking. Without boosting jobs, I don’t foresee consumer demand picking up for our products. And tax cuts alone have not proven to be enough.

I agree 110%!

@ james dean:

You are correct, however, our current president is only making it worse… We need to stop pointing the finger and get busy fixing the problem. First thing we need to do is STOP BAILING OUT THE RICH!

Your document is a load of crap.

Teamsters were the ones that called the strike in 1995. It was their decision. Instead of becoming competitive, they decided to try to strong arm a company. The Thugs… er teamsters forced Consolidated into bankruptcy. How did that work out for you?

Every article out there shows how the Teamsters mismanaged future pensions, and applied monies to current benefits. This is what we call a pyramid scheme.

You end up reaping what you sow. Good riddance Teamsters.