Nine months ago, California’s junior Senator heralded Senate passage of the “so-called stimulus,” claiming:
There is a very simple, urgent reason for this bill: We need to save jobs and we need to create jobs. We need to act quickly and boldly because at the rate we are shedding jobs, we are heading into deeper economic turmoil.
Well, Ma’am, you passed that “stimulus,” putting the nation ever deeper in debt, with Los Angeles employers continuing to shed jobs:
Despite Los Angeles County’s already record high unemployment, the job outlook is likely to get worse as the number of businesses that plan to layoff workers has more than doubled since last year, according to a new poll released today.
A survey by the Los Angeles County Business Federation says 33 percent of respondents said they would layoff workers in 2010, up from 14 percent who were asked last year.
Given that “96 percent of businesses are small,” I’m wondering if Mrs. Boxer has any plans to reduce the regulatory burden, a burden which hits smaller businesses much harder than it does larger corporations.
While we need a plan that reduces regulations, the plan Mrs. Boxer’s working on will increase the costs of business, leading to even further job losses. Guess she doesn’t think a 12.7% unemployment rate in LA County is high enough.