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Obama’s “Start-Up America” Initiative: Stalling Entrepreneurs
Heritage.org ^ | 3/3/11 | Jim Roberts

Posted on 03/03/2011 9:16:05 AM PST by Nachum

“Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs.” – President Barack Obama, January 31, 2011

The recent White House announcement of a new government program to promote entrepreneurship must signify that the Obama Administration finally “gets it” about job creation and economic recovery, right? Certainly free-market conservatives can agree with the President’s inspiring words. But …

The problems, as always, emerge in the details of the program. This “coordinated public/private effort” appears to be just another head-fake in the direction of capitalism with the intention of growing more government. Just look at the program’s goals:

(Excerpt) Read more at blog.heritage.org ...


TOPICS: News/Current Events
KEYWORDS: america; initiative; obamas; startup

1 posted on 03/03/2011 9:16:10 AM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 03/03/2011 9:17:15 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

I can’t believe that Heritage.org is blocked from Government computers. But my attempt to check out this link says that’s the case.

Geesh...


3 posted on 03/03/2011 9:19:48 AM PST by RavenATB ("Destroy the family and you destroy the country!" ~Vladimir Lenin)
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To: Nachum
Obama encourages entrepreneurs to start thinking 'inside the box'.

The guy really doesn't have a clue.

4 posted on 03/03/2011 9:22:26 AM PST by skeeter
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To: Nachum

Bs, just another way to pay supporters.


5 posted on 03/03/2011 9:25:43 AM PST by org.whodat
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To: RavenATB

Obama’s “Start-Up America” Initiative: Stalling Entrepreneurs

Posted March 3rd, 2011 at 11:00am in Enterprise and Free Markets with 0 commentsPrint This Post Print This Post

“Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs.” – President Barack Obama, January 31, 2011

The recent White House announcement of a new government program to promote entrepreneurship must signify that the Obama Administration finally “gets it” about job creation and economic recovery, right? Certainly free-market conservatives can agree with the President’s inspiring words. But …

The problems, as always, emerge in the details of the program. This “coordinated public/private effort” appears to be just another head-fake in the direction of capitalism with the intention of growing more government. Just look at the program’s goals:

* “Expand access to capital for high-growth startups throughout the country”: An almost perfect definition of the government picking winners and losers and a sure-fire recipe for corruption. To add insult to injury, it turns out there is more than one federal agency in the game. Check out what the Small Business Administration is doing to identify “gazelle” (high-growth/high-impact) firms. The Department of Energy has been at it longer.
* “Expand entrepreneurship education and mentorship programs that empower more Americans not just to get a job, but to create jobs”: New government spending opportunities here, for sure. The government cannot create jobs (at least not jobs that generate more taxes than they consume).
* “Strengthen commercialization of the about $148 billion in annual federally-funded research and development, which can generate innovative startups and entirely new industries”: Does “commercialization” mean that the government is trying to use taxpayer funds to take “market share” away from private banks and venture capitalists?
* “Identify and remove unnecessary barriers to high-growth startups”: Barriers like high taxes and over-regulation? Regulation is undoubtedly a hurdle to business growth and formation, which is an area this Administration could not disagree with more. The health care reform law of 2010 is the clearest example of this lack of understanding. Heritage papers point to the health care law impacting the business sector negatively—beyond the standard 1099 provision.
* “Expand collaborations between large companies and startups”: Why does the government need to be involved in that?

Looks like any funding for “Start-Up America” should be added to Congress’s bucket list of wasteful government programs ripe for pruning. As Heritage experts have reported, only private entrepreneurs, investors, and small businesses can truly “lay the foundation for a lasting economic recovery.” Government spending programs that do not increase demand for goods and services but simply redistribute demand within the economy – such as Start-Up America – should be the first to go.

Tags: entrepreneurship, Start-Up America

Jim Roberts Author: Jim Roberts


6 posted on 03/03/2011 9:26:04 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Makes me beyond angry.


7 posted on 03/03/2011 9:26:34 AM PST by rlmorel (How to relate to Liberals? Take a Conservative, remove all responsibility...logic...)
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To: Nachum

FUBO!


8 posted on 03/03/2011 9:33:05 AM PST by BenKenobi (Don't expect to build up the weak by pulling down the strong. - Silent Cal)
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To: Nachum

Thanks,


9 posted on 03/03/2011 9:36:36 AM PST by RavenATB ("Destroy the family and you destroy the country!" ~Vladimir Lenin)
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To: Nachum
OBAMALASER
10 posted on 03/03/2011 9:57:56 AM PST by FrankR (The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
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To: Nachum

why would anyone create a company in the US today?

if your company is based in the US, the government will do everything it can to grab any and all monies the corporation makes.

personally, i fail to see how the govt has ANY right to tax corporate profits, since the only people to get benefit from those profits would be the employees... since those profits would be used to help fund the following years expenses.

government theft steals 40% of that money, diminishing its ability to survive.

moving that corporation to a corporate tax friendly location, like amsterdam, would only allow the US fedgov to tax monies paid out in wages, distribution or expenses. the remaining money would be left in the corporate account allowing the company to expand its business, survive through tough times, or spend more on R&D


11 posted on 03/03/2011 10:37:48 AM PST by sten (fighting tyranny never goes out of style)
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To: Nachum
The recent White House announcement of a new government program to promote entrepreneurship must signify that the Obama Administration finally “gets it” about job creation and economic recovery, right? Certainly free-market conservatives can agree with the President’s inspiring words. But …

Actually, what it really means is his internal polling indicates that is the proper thing to SAY. The reality of his actions is there will be no end to the lies, corruption, racism and backstabbing from our current administration in the White House. What is really a bitch is little bammy is so sick in the head that he probably believes the destruction of America and the turncoat sellout of American Citizens is “good for them.”

.

12 posted on 03/03/2011 12:57:45 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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