Business Opportunities Weblog

Obama Hates the Entrepreneur

By on June 8, 2012 in News

Investor’s Business Daily:

Two studies suggest the “head winds” that President Obama says are holding back employers are of his own making. His policies have sidelined a key job creator: the entrepreneur.

Historically, young startup firms have been a major job engine for the economy, particularly as the nation has emerged from recessions. But new federal data show the rate of business startups continues to fall in this recovery.

According to the Census Bureau, the startup rate, measured as a share of all firms, has plunged to 7% from 9% in 2008 and from 11% in 2006. The pace, moreover, is almost half the 1980s’ peak of 13%.

Of all the negative trends tracking this administration, this may be the most disturbing.

entrepreneurial lifestyle obama politics

Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,203 posts to the site.

Another Idea: How to Start a Computer Data Back-Up Business

  • Larry Dee

    Interesting statistic, but I don’t see any corresponding data that supports the headline. What is causing the reduction in startups? Is it a tax policy from the government? Not that I know of. Is it a lack of housing equity caused by the 50% decline in home equity (yes 50%) caused by the recession that began in ’08? Quite possibly. Is it risk aversion caused by the after-effects of the great recession? That would be my vote. None of these support the headline, would love to hear other thoughts.

Today's Posts