High unemployment for years to come.

The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession. Read more: http://www.politico.com/news/stories/0909/27052.html#ixzz0QvWwk0pF

This should be no surprise to anyone. Since the beginning of the year nothing has been done to help small business or provide any relief to the millions of business owners across the nation. The Troubled Asset Relief Program (TARP) that helped the major banks address the problems with the subprime mortgage crisis, all it accomplished is help the banks bottom line but nothing stipulated in this bailout that you have to loan out a certain percentage to small business owners and individuals. Credit is hard to come by; many small business owners rely on credit to expand their business. Even the billions that the U.S. treasury spent bailing the troubled U.S. auto companies it helped out major corporations but unfortunately very little was done to help the small business owners across the country. The real job creator is small business were over seventy five percent of all American are employed in this country. Since the current administration came into office in January and with the congress have enacted proposals that make it harder for small business to expand and therefore create jobs that will be the engine of growth for this nation. No time in the history of this country has government spending spurred economic growth. Pundits look to government spending during the Great Depression and World War II that expanded post World War economic expansion, but if you look hard it was the private sector that made economic growth possible. Start helping the small business owner and you will see economic growth.