Small businesses are not our economic backbone

Salon ^ | 7-19-2012 | Jared Berstein

[tacticalogic]

Then by his calculations your backbone isn’t really your backbone, since it accounts for a relatively small portion of your body.

[Sir Napsalot]

Thanks, I’ll study it more in detail later.

[Anti-Bubba182]

The only statistic you need to know is that there were more people working when Obama took office than are working now. (See Bold Below)

http://www.bls.gov/webapps/legacy/cesbtab1.htm

Data extracted on: July 20, 2012 (10:33:39 AM)

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Series Id:     CES0000000001
Seasonally Adjusted
Super Sector:  Total nonfarm
Industry:      Total nonfarm
NAICS Code:    -
Data Type:     ALL EMPLOYEES, THOUSANDS

Download:

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
2002	130591	130445	130421	130337	130328	130375	130275	130264	130209	130330	130338	130175
2003	130270	130111	129898	129849	129840	129840	129865	129820	129929	130126	130140	130259
2004	130421	130465	130802	131051	131361	131442	131488	131610	131771	132119	132182	132316
2005	132453	132693	132834	133194	133364	133607	133981	134174	134240	134320	134654	134814
2006	135097	135413	135696	135877	135891	135967	136176	136359	136516	136507	136711	136882
2007	137118	137211	137401	137473	137612	137687	137647	137629	137702	137781	137893	137982
2008	138023	137939	137844	137636	137446	137248	137038	136764	136332	135843	135040	134379
2009	133561	132837	132038	131346	130985	130503	130164	129933	129734	129532	129490	129319
2010	129279	129244	129433	129672	130188	130021	129963	129912	129885	130105	130226	130346
2011	130456	130676	130922	131173	131227	131311	131407	131492	131694	131806	131963	132186
2012	132461	132720	132863	132931	133008(P)	133088(P)
P : preliminary

[privatedrive]

Small = <$50mm revenues
Medium = $50-100mm
Large = >$100mm

This article is bs.