GHook93
Aristotle
- Apr 22, 2007
- 20,150
- 3,524
If you listen to the Obama administration you would think everything is great in the US economy. Despite the fact that wages are decreasing not increasing, income inequality is growing, poverty levels are at their highest levels ever, the majority of jobs that are supposedly "created" are low waged and many are part-time, etc.
Now this is not a surprise. Ask anyone who is trying to start a business, the fees, costs, red-tape and regulatory requirements place up such barriers that it's nearly impossible to start that business. You used to just need only a great idea, now regulation makes that great idea less than 10% of the equation.
Again, this should not come as a surprise. Over-regulation (the calling card for liberals) always has one effect: The top figure out how to adjust and get richer (pushing the burden onto the middle), but the little guy's get squeezed out.
Now this is not a surprise. Ask anyone who is trying to start a business, the fees, costs, red-tape and regulatory requirements place up such barriers that it's nearly impossible to start that business. You used to just need only a great idea, now regulation makes that great idea less than 10% of the equation.
Again, this should not come as a surprise. Over-regulation (the calling card for liberals) always has one effect: The top figure out how to adjust and get richer (pushing the burden onto the middle), but the little guy's get squeezed out.
American Entrepreneurship Dead or Alive
You never see it mentioned in the media, nor hear from a politician that, for the first time in 35 years, American business deaths now outnumber business births.
The U.S. Census Bureau reports that the total number of new business startups and business closures per year -- the birth and death rates of American companies -- have crossed for the first time since the measurement began. I am referring to employer businesses, those with one or more employees, the real engines of economic growth. Four hundred thousand new businesses are being born annually nationwide, while 470,000 per year are dying.