The American Jobs Act may be projected to create a lot of jobs. However, this comes following tax cuts and a fiscal stimulus package in 2009. In the past these measures to help the economy failed, with unemployment remaining stagnant at around 25 million despite the efforts by the government in 2009.  The reason this occurred in 2009 is that despite the stimulus package there was a strong degree of uncertainty within the economy. As such, even though consumers and producers were facing a lower tax burden it became apparent that neither group was willing to take big risks in a highly uncertain economic environment. The possibility of recession was all too apparent, and this affected both business and consumer confidence.  Given the Eurozone crisis at the moment, the situation in 2011 is very similar, with much of the world economy waiting on the outcome in Europe to see whether recession or recovery awaits. Such a climate is not conducive to risk taking on the part of firms. Hiring extra workers, for example, might be a profitable activity, however, it also entails significant risk as the firm has to be able to guarantee that it will get more out of the worker than it ends up paying.  The current state of world markets is not conducive to a stimulus package and it would simply be better to wait out the Eurozone crisis and then deal with the coming problems in an environment that is more confident and that is populated by actors equipped with greater understanding of the direction of the world and American economies.6