One step forward two steps back goes the economy. We need jobs desperately to supply the housing market with buyers. The 75,000 net monthly jobs in the second quarter is pathetic and comes up short of even meeting population growth.
However there was good news on July 25th when Democrats heard the call; we must do something to help the private sector create jobs.
So every single Democratic senator, excluding the retiring Lieberman, and Webb, voted to raise taxes on small businesses, all but guaranteeing to slow the economy further. It passed Harry Reid’s senate 51-48.