My area is in convenience store overload.
Absolute insanity.
.
I want to start a business gutting/scrapping abondoned malls. Thank you barack Hussein
“Both the formation of firms (for example, McDonald’s as a whole) and establishments (an individual McDonald’s restaurant), have dropped off precipitously since the financial crisis and remained low.”
Maybe it’s also related to the skang that Mickey D’s has been foisting off on the public for decades as food. I lost my taste for “suetburgers” while I was in college.
Obonzo is doing the exact same thing with the economy that Clinton did. Use the liberal media to convince the low information and college snowflake types on how wonderful his horrible economy is and then raise hell when a Republican comes in and gives the morons the bad news that they’ve been had.
From what I’ve seen, the millennials mostly want to start a new restaurant or wine bar or some other foo-foo crap joint that serves existing demand rather than manufacturing or primary economic activities.
I’m not sure about other states, but here in California the fastest way to have a Small Business is to start with a Large one.
Gee ... Maybe we need a businessman who understands business in the Oval Office.
For the first time in US history, the death rate of small businesses exceeds the birth rate.
Lenin said that taxation and inflation are the millstones between which we will crush the bourgeoisie (middle class).
The modern left has added regulation to that toolbox.
Obama has implemented the largest tax increase in human history, embarked on an epic inflationary run of debt and money printing, and has churned out tens of thousands of pages of regulation every year, under the sweeping powers granted by Obamacare and Dodd-Frank (Financial industry takeover), as well as EPA crushing coal and the energy sector.
No wonder the Middle Class is crushed - it is always the plan of the hard left. No more uppity individuals spouting off individual opinions - everyone on their knees for their food coupon from the Overlords in Government, is their dream for total control.
As Alinsky taught, “Destroy the Middle Class, while pretending to be for them”.
Towns are looking like ghost towns of the Wild West.
I have a small machine and fabrication shop. I now have no customers after years of fairly good customers. Gone. Like it hit a brick wall. Not sure when it will change but I hope it’s soon.
Of course it’s collapsing.
That’s the whole point of obama’s Marxism, and, in fact, it could never be any other way as long as businessmen are strangled and broken by the twin executioners of excess taxation and excess regulation.
There’s nothing even slightly surprising about this.
With Obamacare and other regulations making starting a business even riskier and more costly, this is no surprise.