A BUSINESS PLAN FOR JOBS
January 13, 2010
To prevent a jobless recovery, Congress should take immediate steps to resolve uncertainty and spur job creation. It's time to empower private sector employers by creating an economic climate that's favorable to growth. Given the proper tools, America's job creators can usher in a new era of prosperity, says Thomas Donohue, President and CEO of the U.S. Chamber of Commerce.
We need to double U.S. exports over the next five years:
- To do so, we must get off the sidelines and move back into the global trade arena.
- If we fail to approve pending deals with South Korea, Colombia, and Panama or amend Buy American rules, we will not only miss opportunities to create new jobs-we will lose existing jobs.
- We also need to help more small and medium-size businesses export.
Policymakers should seize the moment and begin the modernization of our infrastructure systems:
- By expanding both private and public sector investments in our transportation, energy, water and broadband systems, we can reemploy many jobless Americans.
- If we remove regulatory and legal obstacles, private sector investment, in particular, could play a critical role in rebuilding America.
We must pursue the creation of green jobs through technological breakthroughs in the energy sector:
- We have long supported private and public investments in alternative and renewable energies, the development of technologies that allow us to use traditional fuels cleanly, and strong laws to improve efficiency.
- We also can't afford to overlook the importance of clean, safe nuclear energy. Government should take immediate action to facilitate expansion of this sector.
Finally, we must find ways to ensure that businesses, especially small enterprises, can get the credit they need to expand and create jobs:
- That's why the Chamber supports robust Small Business Administration (SBA) lending programs.
- We also need to overhaul our financial markets with smarter, more efficient regulations and greater transparency to ensure the availability of affordable capital while taking great care not to over regulate our markets and eliminate legitimate risk taking.
Source: Thomas Donohue, "A Business Plan for Jobs," Real Clear Politics, January 12, 2010.
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