RELEASE: Spurring Job Creation in the Private Sector: Three Elements that Any Jobs Plan Should Have

 By Michael Ettlinger, Donna Cooper, Sarah Rosen Wartell, Bracken Hendricks | August 26, 2011

Download this issue brief here.

Washington, D.C.—Today the Center for American Progress released a report in a press call entitled, “Spurring Job Creation in the Private Sector: Three Elements that Any Jobs Plan Should Have.” As the president prepares to announce a jobs plan this upcoming September, these recommendations call for him to boost private-sector job creation by spurring demand for the goods and services that businesses provide. His plan should match the scale of the problem with millions unemployed and job creation sluggish.

The president’s proposals must reach further than simply extending provisions like the payroll tax cuts that are set to expire and not be limited to ideas that pass muster with conservative obstructionists. And his plan needs to create jobs fast, not just lay the groundwork for jobs in the future.

This issue brief offers the following three recommendations necessary to re-engage our nation’s job creation engine:

1) Invest substantially in our nation’s infrastructure through existing channels and a new infrastructure bank
2) Speed the housing recovery by tackling the foreclosure crisis
3) Retrofit homes and businesses to make them more energy efficient

These are not the only things that need to be done. The lack of jobs is a huge problem for the country and these three proposals alone will not solve it. But a credible plan to make substantial progress toward stronger economic growth and job creation must include these steps done at sufficient scale and in the right way.

To read the full report, click here.

To listen to today’s press call, click here.

To speak to CAP experts about this brief, please contact Laura Pereyra at 202.203.8689 or lpereyra@americanprogress.