Issue Position: Economy - Job Creation

Issue Position

Economic growth and job creation are Rep. Eshoo's number one goals. As a member of the Democratic Jobs Working Group, Rep. Eshoo works with Members of Congress, constituents, and businesses in the 14th Congressional District to enact effective legislation to meet these goals.

Among these efforts, Rep. Eshoo supported, wrote sections of, and voted for the American Recovery and Reinvestment Act, which economists agree played a large part in preventing a Depression. The Recovery Act helped initiate economic recovery, creating an estimated 2.5 million jobs as of March 2010, with another one million expected through the rest of 2010.

Because of the Recovery Act and other efforts, the hemorrhaging of jobs has ceased and job gains are now occurring for the first time since 2007. After losing jobs for a year and a half, Silicon Valley has made steady gains since November 2009. In March 2010, America gained 162,000 jobs--17,000 of which were manufacturing jobs, historically an indicator of economic recovery. While we are on the right path, it will take time to achieve the strong and sustained job growth needed for a full recovery.

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