P@triot
Diamond Member
Further indisputable proof that the Democrat's failed Cuban-style socialist polices create failed Cuban-style economies. You simply cannot punish success and reward failure - or you will end up with failure every time. And that's what Obama, Pelosi, and Reid have given us - failure. More debt. More taxes. More poverty. Less jobs. Less opportunity. Less prosperity.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
U.S. businesses are being destroyed faster than they are being created
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
U.S. businesses are being destroyed faster than they are being created