On Friday, the government will release its unemployment report for April. The jobs numbers last month were a huge disappointment. Americans canít afford more bad news.
Washington needs to break the cycle of weak job growth month after month. To do that, we need to honestly deal with one of the main roadblocks to job creation: President Obamaís health care law.
At a press conference this week, the president proved once again that he doesnít understand how his law threatens Americansí jobs, their care and their paycheck.
Whatever the specific numbers are in Fridayís report, we know the health care law is weighing down our economy and hurting job growth. We canít allow this frail economy to become the new normal.
Some small businesses have stopped hiring in order to stay below that number of employees. Others are cutting full-time workers back to part-time status ó less than 30 hours a week.
The cuts are happening across industries and across the county. The Federal Reserve reported in March that the health care law is a major concern for businesses.
Employers in the Fedís Richmond district blamed the law for layoffs and a reluctance to hire. Businesses around Dallas reported hiring the bare minimum to get by, due to uncertainty about the health care law. This uncertainty remained a drag on growth in the April Fed report.
The drop in hours and the reluctance to hire are having a ripple effect throughout our economy. Wages are stagnant. Economic growth is anemic.
The economy canít grow until we get Americans back to work. People canít get back to work if there arenít more jobs. Employers arenít hiring because of the health care law.
Unless Washington does something soon, the situation will only get worse. Even a key Democratic architect of the health care law recently said the lawís implementation is headed for ďa huge train wreckĒ and that small businesses have no idea what to do.
The train has already gone off the rails for some American families.
President Obama should take a hard look at the numbers and explain to the American people exactly what the coming train wreck will mean for them. Then Congress should act to repeal the presidentís disastrous law.
Until it does, we will continue to see anemic economic growth, and the American people will continue to pay the price.