American Crossroads: “Survive”
An ad from American Crossroads features two small business owners talking about the challenges they face, which they blame on President Obama’s policies. However, despite the statements in the ad, the conservative charge that taxes and regulations are holding back job growth is not supported by the evidence. Instead, experts cite consumer demand, which plummeted as a result of the recession Obama inherited, as the key to increased hiring. While we are still recovering from the devastating impact of the recession, the private sector has added 4.7 million new jobs over the last 31 consecutive months of growth. Meanwhile, consumer confidence is now at its highest level since 2007.
Read more after the jump.