[SkyDancer]

Wow, so the CIC is really wrong about the private sector; or was it the economy. Not sure if his teleprompter got either one correct.

[gorush]

Business is to Obama what Jews were to Hitler.

[ReformationFan]

But Chairman Maobama said the private sector was “doing just fine”? I’d hate to see how it looked if he ever said it was doing terrible.

[Focault's Pendulum]

I just got back, not two hours ago, visiting a friendly competitor. He had not paid himself all year. He's basically giving the business away to a trusted colleague.

[Sequoyah101]

I hate inconsistency in reporting statistics. It can’t be right can it.

“Notice the success stats on the above graph do not add up. If 44% of new firms survive 4 years, by implication 56% don’t. Yet somehow only 49% fail in 5 years.”

Rearranging a bit this is what the chart says:

44% of new firms SURVIVE four years
49% FAIL within five years
31% SURVIVE at least 7 years

Now, putting it all in the same frame of reference it should say:

44% of new firms SURVIVE four years
100% - 49% = 51% Survive at least five years
31% SURVIVE at least 7 years

Wrong or just new math?

[Dubh_Ghlase]

My wife and I opened a small business shortly after zero got into power. Been looking up at the bottom ever since...

[afraidfortherepublic]

As a small business owner, I can identify with all of the above — less pay, more hours, using own money to keep business afloat.

[rockinqsranch]

bflr

[justa-hairyape]

The only way to survive this economy as a small business owner was to dramatically cut costs and expenses. You basically needed to do the exact opposite that Obama was recommending. He wanted people to go out and spend as if the economy was not weak. That advice was absolutely horrible.

[mission9]

I have been in small business for 35 years. When the economic catastrophe hit in 2008, I said, “what is so bad here?” They said, “if we do not bail out the banks, this will not be just a Wall St. crisis, it will be a Main St. crisis.”

“How so? tell me more”

“Businesses will not be able to get the credit they need to expand and hire new workers. They will have to lay off people. Their suppliers will go out of business. We must bail out the banks....” they said.

“Oh really? I have been in business 35 years. Sounds like another day at the office. Welcome to MY world.”

The politicians gave the banks their bail outs, every horrible consequence that they predicted would happen if we did NOT bail them out, happened anyway.

[LibLieSlayer]

38 years... two businesses... and this article is the absolute truth... only it paints a rosier picture than the reality of the state of small business in America today.

LLS

[Impy]

Tell us how good the private sector is doing Barry.