Entrepreneurs Need Liberty, Not More Bosses

This chart confirms the obvious: when self-employed entrepreneurs go out of business, part of the cost is  lost employment opportunities. (Continued below the chart)

For decades federal and state governments have continuously added to the costs and bureaucratic complexity that drag on the entrepreneur.  The Obama Administration has initiated a tsunami of new regulations and interventions including ObamaCare.  To “fight climate change” the EPA is launching draconian new restrictions on domestic energy production and consumption.  The FCC promises to “fix” the Internet with a new web of regulations.

Obama and the Democrats shrank Small business funding options with new banking regulations and disincentives, supposedly the Democrats’ reaction to the mortgage meltdown.  But the two central players in the mortgage malfeasance that brought on the  recession, Fannie Mae and Freddie Mac, are not even mentioned in the legislation that authorizes a panoply of new bureaucratic controls over banks, credit card companies, ATMs, and private investors.

The Bottom Line

Microsoft, Apple, Hewlett-Packard, Facebook and thousands of other successful businesses that provide millions of jobs were started  by under-funded entrepreneurs working in garages and apartments.  They could not afford lawyers and administrative staff to interpret and implement arcane government regulations.  Every dollar they had went directly to business development.

With their so-called health care reform and other regulatory interventions Obama and the Democrats seem determined to make the bare-bones start-up business illegal.  If we are to restore prosperity and full employment to America the first step is to restore liberty to unleash the spirit, innovation and creativity of the entrepreneur.

5 Comments so far

  1. Spectricide on September 24th, 2011

    Well spun again Jeff but wrong again. Do you ever write any thing that is not from the bottom up? Blame Obama, blame Dems, blame regulations. That is your goal so you start from that jump off point and work backwards. What you leave out is that these Small Businesses(besides most failing in the first three and almost all within the first five years) is that the economic conditions brought on by years of the provenly failed Trickle Down Economics and the fabricated housing bubble that spurred those inflated numbers from ‘o3-‘o7 stopped the one thing that all businesses need to survive. Demand by the consumer.

  2. Grant90 on September 25th, 2011

    to Spectricide –

    What’s wrong with bottom up? That’s the way it works in a free society. It’s you liberals that get it wrong with your top down philosophy. You want a few politicians in federal government to run the whole economy. Well guess what? They aren’t smart enough.

    What we need is more of a bottom up economy. not top down.

    And does deserve most of the blame. Small businesses can’t deal with his health care blob of regulations. You have to have a whole department of a dozen people just for compliance.

    Thank you for voting in this man who has no experience doing anything in the real world yet he thinks he knows better than all of us who do run businesses and get real work done. I hope you like his top down ideology. I hope you like poverty.

  3. AzTex on September 25th, 2011

    The biggest problem facing small business is lack of demand.

    Obama has put several proposals on the table to help small business. Republicans, as they’ve done for almost three years, are blocking.

  4. Drew on September 27th, 2011

    “Obama has put several proposals on the table to help small business. Republicans, as they’ve done for almost three years, are blocking.”

    I especially liked his proposal for expansion of glory holes. Have you applied yet?

  5. Drew on September 27th, 2011

    “What you leave out is that these Small Businesses(besides most failing in the first three and almost all within the first five years) is that the economic conditions brought on by years of the provenly failed Trickle Down Economics and the fabricated housing bubble that spurred those inflated numbers from ‘o3-’o7 stopped the one thing that all businesses need to survive.”

    Well let’s see. By any account I’ve ever seen, 65% of all job creation is by small business. You might want to rethink your position…….or you might want to wallow in ignorance.

    Second, the housing price spike started definitively in Q3 1996. Heh. Clintonian. But thank you for publicly displaying your ignorance. (PS – go look at the Case Schiller index and get back to us, zero.)

    And as for Trickle Down (which, by use of the term, idntifies you as a Bozo……..or zero) supposedly started with Reagan. Heh. Lotso jobs created since then. Now under Obozo…….not so much.

    About a year and a quarter and we can get a serious person in the office.