“The Collapse of Startups in Job Creation”
Tim Kane for the Hudson Institute. Discouraging. Three samples:
“Since 1977, newly born companies usually create a net 3 million jobs per year,
but the most recently released data report as falling to 2.34 million in the year 2010. The
Commerce Department will not release annual 2011 or 2012 data until after the election,
but we can see that quarterly figures for startup job creation have continued to weaken.”
“The average rate for entrepreneurial job creation under the previous three presidents was 11.3, 11.2, and 10.8 [in new U.S. companies per capita] respectively, but under President Obama it has been cut by one-third to 7.8.”
“While this report documents a disturbing weakness in startup job creation, it does not
explain the cause of decline. There is anecdotal evidence that the U.S. policy environment has become inadvertently hostile to entrepreneurial employment. At the federal level, high taxes and higher uncertainty about taxes are undoubtedly inhibiting entrepreneurship, but to what degree is unknown. The dominant factor may be new regulations on labor.”
Associate Professor of Economics, North Carolina State Univ.
You’ll be sure to get a chill with this great video. A steely feeling of resolution will over come you.
Newsweek, owned by the Washington Post, famously screamed on a cover story early last year that “We Are All Socialists Now.” In contrast, the conservative Hot Air blog recently noted the correlation between the leviathan socialist state virtually all Beltway journalists begged for when they endorsed Obama in 2008, and the state of journalism itself. You wanted East Germany on the Potomac, MSM? The paranoia over who leaked faux-conservative Dave Weigel’s incendiary emails on the Journolist goes hand in that hand with that big of a government