CONCORD, NH - Karen Testerman, Republican candidate for the United States Senate, commented on the recent jobs report for December.
"The Obama-Reid-Shaheen economy is weak," Testerman said.
"We're going to have a long-term unemployment crisis for a long time," said Heidi Shierholz, economist with the Economic Policy Institute. "Even if we did have 200,000 jobs a month, we would need five years to get [to a pre-recession job market -- when unemployment was below 5%," she said.
"We need to grow our economy faster to out-pace those who are wanting to enter the workforce," Testerman said. "That means not increasing regulations or effective tax rates on businesses--where jobs come from--and repealing oppressive regulations and taxes on businesses. A flatter, simpler tax on businesses and individuals would spur real economic growth like many of the years we have had in recent decades, but which Barack Obama and his fellow Democrats have not be able to produce."