To be sure, there is plenty of work to do, and Americans are right to want action now. A weak economy has complicated efforts to put Americans back to work and help businesses recover and thrive.
The Senate took an important step forward last month when it passed the Jumpstart Our Business Startups (JOBS) Act. The legislation sends a positive message to America's small businesses, which have been hit especially hard by the economic downturn.
By easing federal regulatory hurdles, the JOBS Act can help foster the critical investment these job creators need to grow, hire, and get the economy back on track. Passing with broad bipartisan support, the legislation demonstrates that empowering Americans' entrepreneurial spirit is a workable idea recognized by both political parties. The JOBS Act is a much-needed departure from the big-government approaches that have characterized the Obama Administration.