Tuesday, September 06, 2011

Obama's Speech on Economy and Job Creation & UPDATE

Thursday President Obama is going to give a major speech on the economy and job creation. I have been asked by a reporter from a syndicated columnist from the Business Journals about inputs from small business owners and experts for a preview of Obama ‘s jobs speech on Thursday.

The question was posed as “What do you want to hear President Obama say on Thursday night to address the nation’s persistently bad jobs picture?”

I need to get back to him Wednesday morning so if you have thoughts please respond today.

UPDATE >>>>>>>>>>>>

Thank you to all of you that responded to my question about what you would like to hear the President say in his speech. I received 175 responses. The most frequently cited comments were:
- To end the political stalemate between Republican and Democrats.
- You want the Government to get out of the way.
- A review of current lending policy which has stifled bank lending to small business
- Need hiring tax credits.
- A review of regulations at all levels of government.

There were a number of other great comments but these were the most frequently cited. Speaking of job creation, the latest ADP report showed large businesses with 500 employees or more added only 3,000 new employees, and medium-size businesses added 30,000 workers in August, while small businesses that employ fewer than 50 workers hired 58,000 new workers.

See: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201108310844dowjonesdjonline000366&title=adpaugust-us-private-sector-jobs-+91k-vs-+100k-expected

Clearly if the economy is going to get out of its doldrums, small business will lead the way.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA 94116

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