New job growth will follow this year or in 2010, but new tax burdens could keep unemployment higher than it should be. http://online.wsj.com/article/SB10001424052748703298004574459403222100882.htmlAll this is predicated on what happens in Washington in the coming months. Everyone is waiting to see what the final outcome will be on Health Care Reform, Cap & Trade, and the scope of any tax increases now being floated by Congress. A recovery will take place at some point but it will be a jobless recovery as Washington has done nothing to help small business. Small businesses are the true backbone of this country with 80% of all Americans working for small business then large corporations. Unfortunately Washington seems to only look at the concerns of Corporate America at the expense of Small Business. Then you have to look at the deplorable situations of the fiscal stability of the states; especially California! If California can’t fix itself financially then it will be a drag on the national economy. The downward spiral of economic uncertainty will only continue!
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