According to the Small Business Administration, small business is responsible for 80% of this country's newly created positions, and represents 99.7% of all employer firms. If small businesses are hiring and competing for employees, then our blue-collar workers will be in high demand, and everyone who wants to work will be employed. This also means that everyone has a paycheck and is again spending, which in turn creates more jobs (at all levels) and more profits, the best scenario for all.
If small business fails, who will provide jobs for the 50% of our workforce that cannot or choose not to pursue post-high school education?
The FDR Approach- There has been discussion about new public works projects. The problem with public works projects is that they would be paid for from government revenue (or lack thereof), which means that the government increases its own debt, which they can't afford already.