And neither would most people who are already there:
Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.
Much of the blame is heaped on Barack Obama, but let’s be fair: this mess has been a long time coming. It’s been thirty years since Chuck Schumer got the bright idea of making environmental violators criminals. Sarbanes-Oxley was passed under George W. Bush. And we’ve had NIMBY and the insane tax code as long as I’ve been around.
Barack Obama is just the current darling of a Luddite élite who not only has no idea how to manage a productive economy, but has a real horror of one ever arising, for both environmental and personal reasons. They’ve been working on making it impossible to legally operate a viable business in the United States and they’ve just about succeeded.
When you combine that with our financial “wizards of Bubbleland” who have created a credit allocation and monetary system increasingly divorced from economic reality, you have the makings of what we have: stagnation. And the prospects of that changing in the foreseeable future are slim.
2 Replies to “Small Business: To Tell the Truth, I Wouldn't Start One”
Right. Even before Obama, fear of being sued for any and everything has kept a lot of people from starting small businesses. I’m a computer programmer, and I’d love to make some games for iPhone or something, but I don’t even do that, because the stupid government lets jerks like Lodsys go around suing everyone over patents they hold which aren’t even relevant to what they are suing for.
Thanks for bringing that point up re litigation, that’s a big consideration in starting up or continuing a small business. And there’s no doubt our intellectual property situation–especially re software–is a mess these days.