There is no question that the level of job creation currently in America is quite poor. While we have seen some improvement from the depths of the great recession, much more work needs to be done, not only for job creation, but also for a fundamental restructuring of the U.S. economy.
One point that every American, including the politicians, needs to be aware of is that the U.S. is part of the global economy. We cannot have job creation in isolation; we need to understand how America and its businesses fit into the global economy first.
The CEO of Cisco Systems, Inc. (NASDAQ/CSCO), John Chambers, has been quite vocal for the business community in terms of how tax policy is impacting domestic job creation. During Cisco's current earnings quarter, in which the company did report solid numbers that beat expectations, what was interesting to me were his comments regarding job creation and how the company sees the global economy.