What ‘Job Creators’ Really Want

There’s been a lot of conversation in the media for the past 18 plus months about “job creation”. If you are on the right politically, then you simply blame President Obama, never mind that the presidency is not the source of jobs. If you are on the left, then you blame anyone and everyone on the right for overlooking the middle class, never mind that its the middle class that is really suffering and moving toward the lower class.

The Republican right attempts to push tax relief for the upper class with the idea that they are already over taxed and to bring more people to the fold, tax relief for small business owners. When I saw the title for this article by Rick Newman for USNews and World Report, I realized it would make a good end to 2011 and perhaps a good start to 2012. I pick it up from the beginning and then let you follow it to the source. Here it is…

All hail the Job Creator! This noble American creature puts bread on the table of his fellow citizens and lifts lesser mortals out of poverty every time he pulls out a credit card.

Job creators used to go about their business without much fuss, but lately they’ve been getting a lot of attention from Washington, D.C. Republican House Speaker John Boehner routinely extols JCs and frets that congressional dysfunction over on-and-off tax cuts, threatened spending cuts, and the bloated national debt may cause them “confusion” and “uncertainty.” The Senate Republican leader, Mitch McConnell, worries that Washington may actually punish this fine but delicate species. For people who aren’t sure how to recognize a job creator, GOP presidential hopeful Mitt Romney has been running ads claiming that he is one–or was, anyway, when he last worked in the private sector more than a decade ago.

Most politicians speaking on behalf of JCs aren’t JCs themselves, however, and they tend to miss a point or two when characterizing the interests on these vaunted beings. So here’s some elaboration on job creators, who they are, and what they, themselves, actually say they want.

First, politicians often describe job creators as small business owners who run delis, dry cleaners, nail salons, and other types of community shops. That’s a bit misleading. Small businesses do create some jobs, but they also fail at a high rate, which obviously kills jobs. On the whole, businesses with fewer than 50 employees have barely created any new jobs over the last year, and they’re responsible for about 38 percent of the 6.5 million jobs lost since 2007. Of course, job-creator defenders might argue that Washington policies have prevented small businesses from creating new jobs. But small businesses typically suffer from a lot of churn, even when the economy is strong.

Continue reading HERE…