With voters continuing to worry about unemployment, President Barack Obama signed the JOBS Act into law Thursday, giving him “one more talking point with which to try and blunt the GOP’s election-year charges that he’s been bad for jobs.” (NPR)
The law is aimed at opening the doors for financing for start-ups and helping new companies navigate regulations put in place after the 2000 tech-stock bust. (Politico) Obama said helping new businesses get going will help fuel the economic recovery “because, overall, new businesses account for almost every new job that’s created in America.”
Gallup’s most recent numbers show unemployment fell to 8.1 percent, down from 8.6 percent in February, adding to good news about an improving job market and rising economic confidence, which also will likely bolster Obama’s talking points about his overall economic performance.
With the JOBS Act now in place, Silicon Valley giants such as AOL co-founder Steve Case, who was on hand for the signing, are turning their attention to immigration reform (Reuters), hoping to make it easier for skilled immigrants to work in the United States.
With Congressman Paul Ryan (R-WI) on the short list of potential running-mates for GOP frontrunner Mitt Romney, Foreign Policy’s Passport blog takes a look at Ryan’s take on foreign affairs on issues ranging from China to Iran and Afghanistan. Ryan is the author of a controversial Republican budget aimed at countering President Obama’s election-year fiscal plan.
“Sure, he’s styled himself as an intellectual leader on fiscal policy,” writes Uri Friedman. “But he has a distinct worldview as well.”
Also fueling Romney’s short list speculation (WeeklyStandard) is New Jersey’s Republican Governor Chris Christie, who is in Israel this week visiting with Prime Minister Benjamin Netanyahu and President Shimon Peres.
“Christie is not just getting a chance to learn from our allies in Israel; he’s getting a view (from afar, at least) of our and Israel’s enemies in Syria and Lebanon,” writes Daniel Halper, noting it’s good “that Christie is thickening his foreign policy chops.”
Republican candidate Newt Gingrich was in Delaware, assuring voters he plans to stay in the race and telling them how important it is for America to tap into its vast oil reserves and stop its reliance on foreign oil (MiddletownTranscript).
Gingrich also said he would support Romney if he earns the Republican party’s presidential nomination.
— Contributing Editor Gayle S. Putrich and Senior Editor Toni Johnson