Ranking Member of the U.S. Senate Committee on Small Business and Entrepreneurship, Senator Olympia J. Snowe (R-Maine) in a letter, urged President Barack Obama to invest in the nation’s small businesses to grow the economy and create new private sector jobs on June 4, 2010. Senator Snowe has introduced legislation, S. 3103, the Small Business Job Creation Act of 2010, that includes vital provisions to help small businesses create new jobs.
This is the text of the letter:
Dear Mr. President,
News that the unemployment rate dropped from 9.9 percent to 9.7 percent, while a step in the right direction, provides little reassurance to the 15 million Americans still searching for work. As the Bureau of Labor Statistics noted in its Employment Situation Summary, “Private-sector employment changed little,” adding just 41,000 jobs in the month of May. Meanwhile, of last month’s 431,000 new jobs, 411,000 represent temporary census takers, whose employment will end within the next several months and who will then be placed back into the untenable and uncertain job market.