Today's (July 5) unemployment report is clear proof that doomsayers who predicted that the federal government spending cuts contained in the sequester would harm economic growth were spectacularly wrong.
The report shows that the private sector gained 202,000 jobs, and taxpayer funded employment continues to fall. This is great news, and an affirmation that the size and scope of government has been a drag on economic growth.
Even with this good news, it is clear that business hiring is still in a wait and see mode as employment increases largely centered on temporary workforce hiring.
Private sector hiring is clearly still in a wait and see mode with Obamacare implementation and a promised regulatory explosion slowing job opportunity creation.
It cannot be lost that the damage done by Obama's $14 trillion four-year spending spree is not easily fixed. It is unacceptable that after all the promises, deficit spending, and massive Federal Reserve money printing, the unemployment rate remains at 7.6 percent, with 16.9 million Americans either unemployed or underemployed.
These 16.9 million who have been left on the sidelines of economic recovery need Congress to act aggressively in defunding those agencies that are killing jobs through Obama's misguided regulatory agenda.
This is a battle worth fighting, because every American deserves a shot at the American dream, and no one should be robbed of hope by the job destroying Obama regulatory state.
-- Nathan Mehrens, president, Americans for Limited Government