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 Presidents 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 programs goals:
(Excerpt) Read more at blog.heritage.org ...
The list, ping
Let me know if you would like to be on or off the ping list
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...
The guy really doesn't have a clue.
Bs, just another way to pay supporters.
Obamas 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 Presidents 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 programs 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 negativelybeyond 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 Congresss 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
Makes me beyond angry.
FUBO!
Thanks,
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
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.
.
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