Unfortunately, that assumption hasn't worked during the current recession. Firms have been going out of business and news ones haven't sprung up to take their place."
Our current unemployment rate is probably still above 10%, though it may be improving.
Perhaps most telling:
Firms have been going out of business and news ones haven't sprung up to take their place.
Atlas shrugs.
Why would anyone want to start a new business now? There are always risks in starting a new business. But in addition, Pelosi, Reid and Obama want to order businesses around, are hostile to business and employers, and plan to redistribute business and personal income. This is not the time to start or expand a business given our current political/regulatory environment.
America was said once to be the best place to open a business, but maybe the worst place to raise a family. Maybe we won’t have either, Hm. Nice.