4OTAL *OB #HANGE FOR 0RIVATE 3ECTOR 7ORKERS 3INCE THE 3TART OF %ACH OF ,AST 4HREE 2ECOVERIES
2ECESSION
2ECESSION
2ECESSION
,ENGTH OF 2ECESSION -ONTHS
-ONTHS SINCE 2ECESSION´S %ND
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3HARE OF TOTAL JOBS STATE OF RECOVERY
3HARE OF TOTAL JOBS STATE OF RECOVERY
4OTAL JOB CHANGE FOR PUBLIC SECTOR WORKERS SINCE THE START OF %ACH OF THE ,AST 4HREE 2ECOVERIES
2ECESSION
2ECESSION
2ECESSION
,ENGTH OF 2ECESSION -ONTHS
-ONTHS SINCE 2ECESSION´S %ND
1RWHV 7LPHOLQH IRU HDFK UHFHVVLRQ EHJLQV DW WKH RI¿FLDO VWDUW RI WKH UHFHVVLRQ VRW KH OHQJWK RI WKH WLPHOLQH WR WKH OHIW RI ]HUR LQGLFDWHV WKH OHQJWK RI HDFK UHFHVVLRQ SOURCE: AUTHOR’S ANALYSIS OF BUREAU OF LABOR STATISTICS’ CURRENT EMPLOYMENT STATISTCS PUBLIC DATA SERIES
SOURCE: AUTHOR’S ANALYSIS OF BUREAU OF LABOR STATISTICS’ CURRENT EMPLOYMENT STATISTICS PUBLIC DATA SERIES
with numbers from a Kauffman Foundation study that compared entrepreneurial startup from 1996-1998 with those from 2005-2007. That study, which unlike Bureau of Labor statistics included self-employed people starting businesses and unincorporated businesses, ranked Massachusetts as the fourth-highest state in entrepreneurial activity over that time period. When you directly compare the two candidates’ policies, it seems that their plans might work best together, with Obama’s plan
creating jobs in the short term, and Romney’s aiming to help employment in the future. Obama signed the American Jobs Act in 2010, which immediately put Americans back to work. The act cut the payroll tax in half for a company’s first $5 million in payroll, a number that 98 percent of businesses do not reach annually. It also eliminated payroll tax on increased payroll up $50 million for companies that hired new workers or gave raises to current employees. The bill also provided $5,600 to $9,600
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in tax credits for companies that hired unemployed military veterans and invested large sums in infrastructure projects, such as rebuilding interstate highways, which has created thousands of jobs. Romney’s proposed policy focuses more on the long term, with talking points such as ramping up domestic energy production, cracking down on China, cutting corporate tax rates and creating better trade agreements with Latin America. None of these points are quick fixes.
Increased domestic oil production, trade negotiations with China, new trade deals in Central and South America and rewriting tax codes all take time. Obama, however, has already begun to make some of changes in his first term that Romney proposes. While Romney would point out that the increase is on private land, not public, U.S. domestic oil production is up more than 700,000 barrels a day since more CANDIDATES, page 24
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