How the Government Is Killing Job Creation

A backlogged patent system is stunting innovation and job growth.


[See Why Small Businesses Aren't Fueling Job Creation in This Recovery.]

"It's our creative genius that has brought about new types of jobs, whether in electronic or in large manufactured goods," says Sen. Patrick Leahy (D-VT), sponsor of the bill. "If we're going to compete with the rest of the world, we can no longer just stick in the fortress of America. We're in constant international competition. This is an international economy and there's real international competition."

Although a final vote on the bill has been delayed by tense debt ceiling negotiations in Washington, Leahy expects the bill to be passed and signed into law in September. But, how fast the reforms will trickle down to inventors and make a meaningful impact on the jobs situation is anyone's guess.

Twitter: @mmhandley