On the recordApril 21, 2010
The true engine of job creation in this country will always be America's businesses, but government can create the conditions necessary for businesses to expand and hire new workers. This statement is completely true. Unlike a lot of statements that are made, this statement is completely true. The true engine for job creation in this country will always be America's businesses. Let's put a little bit sharper point on it. What businesses? Well, 80 percent of the jobs in America come from what are small businesses or businesses with 500 or fewer employees. So the businesses with 500 or fewer employees in America hire 80 percent of the employees in America. Now, the true engine of job creation in this country will always be, in America, as we say, smaller businesses, but government can create the conditions necessary for business to expand and hire new workers. That's absolutely true. The government cannot create a job no matter what it does, but it can create conditions which allow the small businesses to prosper and hire a lot of people. So this statement is entirely true.
