Thursday, July 26, 2012

200,000 small businesses have vanished

President Obama should have built some more roads and bridges to those business. That is what he thinks makes them successful.

Via Fox News:
More than 200,000 small businesses vanished between early 2008 and 2010 — a period covering the Great Recession and its immediate aftermath — taking with them in excess of 3 million jobs, according to Census figures which illustrate the depth of the country’s economic hole.
Data is only available until 2010, but the U.S. Census Bureau stats reveal a startling slide for America’s businesses. While the country boasted 5.14 million firms with up to 99 employees as of March 2008, that number dropped to 4.92 million by March 2010 – representing a loss of roughly 223,800 businesses and 3.1 million workers.
The Obama administration notes that the trend has since reversed, and that the country has seen 28 consecutive months of private-sector job growth.
But a recent slowdown in private-sector hiring has raised questions about the direction and strength of that recovery. And amid an escalating campaign trail battle about President Obama’s recent remarks on businesses, a new poll shows American business owners are harboring serious doubts.
Keep on reading…

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