Fact Check: Bass Bad for Business

Yesterday, 2nd District Congressional candidate
Charlie Bass promised to deliver a plan to “jumpstart America’s economy and create, stable, long-term, private sector job opportunities.” Instead, we got the same tired, discredited Republican talking points.
Bass… criticized Washington Democrats for passing a nearly trillion dollar stimulus plan that did little beyond create temporary government jobs while piling up record budget deficits and enormous national debt.
The Facts: On the same day, the independent, nonpartisan CBO released its quarterly report estimating the impact of the stimulus package on employment and economic output. The CBO analysis finds the stimulus package raised GDP by 1.7% to 4.5%, lowered the unemployment rate by 0.7% to 1.8%, and increased employment by 1.4 to 3.3 million jobs.
He stated, “Reducing uncertainty is the most effective way government can support business growth. As a former family business owner and current business consultant, I know firsthand that economic uncertainty is what prevents companies and entrepreneurs from investing in new ventures and creating jobs.”
The Facts: Reducing “uncertainty” is not a high-priority for U.S. businesses. According to the latest survey from the National Federation of Independent Business — a small-business trade association that is considered the most right wing of the major business groups — the single most important problem is sales, that is to say, demand for their products. The percentage citing taxes or government regulation is significantly lower than in the 1990s.
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