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US Businesses Being Destroyed Faster Than Created

From the ‘Wonk Blog’ of the Washington Post (of all places):

U.S. businesses are being destroyed faster than they’re being created

By Christopher Ingraham | May 5, 2014

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.

1978 being right before the Reagan Revolution. The same Reagan Revolution that Obama says he got into politics to roll back.

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.

Yet another historic first for Mr. Obama!

Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.

Half!

The authors don’t mince words about the stakes here: If the decline persists, "it implies a continuation of slow growth for the indefinite future." This lack of economic dynamism, particularly the steep drop since 2006, may be one reason why our current recovery has felt like much less than a recovery…

Welcome to the ‘New Normal.’ Welcome to the transformed America Obama promised us

But who cares about businesses, anyway?They just lock people into jobs they hate. When they could be writing poetry or painting. The government has enough money to provide for us all.  ‘Consider the lilies of the field, how they grow; they toil not, neither do they spin.’ Besides, we have the media to do the spinning for us.

This article was posted by Steve Gilbert on Tuesday, May 6th, 2014. Comments are currently closed.

One Response to “US Businesses Being Destroyed Faster Than Created”

  1. ‘Mission (Nearly) Accomplished’! Now, Amnesty, to insure a continuous one party rule throughout the US; ‘Carbon Tax / Climate Change (hoax)’, to further insure one party rule because everyone will be dependent on a government check for their survival because there will be no manufacturing or electricity, gas or even wood for the wood stoves. And last but not least, for the ‘One’s’ historical posterity…. ‘Middle East Peace Treaty’ aka sell out Israel and insure the destruction of the Jewish State to pave the way for God’s ultimate destruction whomever is left. Thanks for the memories Dear Leader Barry Soetoro aliased B. Hussein Obama .




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