Superpower endgame: More businesses dying than being created first time ever
It seems we are finally witnessing the devastating power of Obamanomics. More companies are dying or filing for bankruptcy than are being created for the first time, and yet the administration claims all is well. According to a study conducted by the Brookings Institution, things are getting worse and not better. The masses have been sold a bucket of lies; as we have stated over and over again, this recovery is nothing but a hoax, fueled by hot money.
US Entrepreneurship is dying
A recent study shows that business dynamism is slowing down, and this is a dangerous trend. The creation of new business has been on the decline for decades, but the momentum has picked up, and this effect is being witnessed across a broad range of sectors; no sector has been immune.
The reasons can’t be that unknown. Since the 1970s, the federal regulatory environment has grown exponentially, with its power amplified by the federal courts. Even short eras of regulatory reduction resulted in only moderate reversals of that decline, which quickly disappeared. Look, for instance, at the period between 1983-88 during the heyday of Reaganomics and deregulation, and the shallower gains during the George W. Bush administration.
Note too that this isn’t so much of a sharp increase in business failures but a lack of business creation. The steep drop came during the Great Recession, but that continued well into the supposed recovery, too. What happened during that period? Massive top-down regulation via ObamaCare and Dodd-Frank, and massive amounts of gimmicky Keynesian economics with short-term incentives and crowd-out “investments” in areas like solar energy. Instead of freeing capital for entrepreneurial purposes, the regulatory and tax policies of the Obama administration have choked off entrepreneurship.
To reverse this trend, we do indeed need the “virtue of entrepreneurship enhancing policies,” which begin with valuing job creation over regulation and the use of capital over the punishing of it. Instead of celebrating job-killing policies as an end to “wage slavery,” we need to rid ourselves of job-killing policies and command-economy regimes. Mostly, though, we need a change in leadership from the current economy-killing administration and some semblance of sanity in the reach of the federal government. Full Story
Other Stories of Interest:
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Do Investors need to own Gold; The answer might surprise you (April 13)
Fiat Currency: silent but deadly weapons of Mass Destruction (April 12)
Data manipulation; The Fraudulent Economic Recovery (April 11)
The US an Oligarchy, not a democracy concludes Princeton Study (April 9)
Russian PAK-50 spectacular Arial Display Puts F-35 to Shame (April
