Democrats’ Economic Policies Fail While Small Businesses are Ignored
Washington- After consecutive months of increasingly startling unemployment numbers, Carol Shea-Porter's stimulus is undoubtedly a failure. Since the passing of the Democrats’ trillion dollar stimulus, New Hampshirites have seen the economy plummet and national unemployment reach double-digits for the first time since 1983. Funding that was promised to go to small businesses – the engine of the economy – has been spent on the Democrats’ big-government policies. After continuously spewing false rhetoric and empty promises that the stimulus is working, Carol Shea-Porter and her party bosses are now forced to deal with the grim economic situation that they have created as national unemployment sits at 10 percent. And despite the first stimulus being a failure, Democrats are making plans for another massive stimulus bill. As national unemployment remains in double digits, New Hampshire families are stuck asking: Where are the jobs?
“The unemployment rate unexpectedly fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.
“Still, the respite may be temporary. Many economists expect the unemployment rate to climb into next year as the economy struggles to generate enough jobs for the 15.4 million people out of work.” (Christopher Rugaber, “Nov. jobless rate falls to 10 pct., 11K job cuts,” Associated Press, 12/4/09)
As Democrats continue to spend, the private sector is suffering under their big-government agenda:
“Private-sector firms in the U.S. eliminated 169,000 jobs in November, according to the ADP employment report released Wednesday…The private-sector has shed jobs for 22 months in a row.” (Rex Nutting, “Private-sector jobs fall 169,000 in November, ADP says,” MarketWatch, 12/02/2009)
“Economic confidence among America's small business owners plummeted in November, as more owners cited serious concerns about cash flow and saw economic conditions for their own businesses getting worse. The Discover Small Business Watch index fell 12 points in November to 76.5 from 88.5 in October.” (“Discover Small Business Watch,” Rasmussen Reports, 12/01/2009)
“Given Carol Shea-Porter's eagerness to appease her party bosses and waste taxpayer money, New Hampshire families can be assured that she is ready and willing to sign off on the next round of wasteful government spending disguised as ‘stimulus,’” said NRCC Communications Director Ken Spain. “Shea-Porter continues to push the same big-spending and anti-jobs agenda that has driven the economy into the ground. Apparently, already wasting billions of New Hampshire taxpayer dollars isn’t enough to satisfy her thirst for failed spending sprees that stifle economic growth. How much more will New Hampshire's economy have to suffer before Shea-Porter finally pushes policies that promote jobs rather than destroying them?”
Small Businesses Hit Hard in November; Morale Low:
52 percent of owners say they have experienced cash flow issues in the past 90 days, up from 44 percent in October.
53 percent of small business owners see conditions getting worse in the next six months, up from 43 percent in October; while 19 percent report that conditions are improving, a sharp decline from 29 percent in October; 23 percent see conditions as the same, and 5 percent weren't sure.
62 percent of small business owners rate the economy as poor, an increase from 55 percent in October; 30 percent rate it as fair, and 8 percent say it is good or excellent
53 percent of small business owners think the overall economy is getting worse, up from 44 percent in October but still significantly lower than the 69 percent of owners who felt that way in February 2009, the last time the Watch index was this low. (“Discover Small Business Watch,” Rasmussen Reports, 12/01/2009)