their study<\/a> released last week, two-thirds of jobs created as recently as 2007 came from enterprises less than five years old.\u00a0 Indeed, according to the U.S. Census Bureau, almost all of America’s net job creation since 1980 came from new businesses.\u00a0 This stands to reason in our dynamic economy, where giant firms tend to become complacent and wither, whereas new innovators with novel ideas rapidly expand and create new jobs.\u00a0 Think of General Motors and Microsoft, for instance.\u00a0\u00a0 Before that, the horse-and-buggy industry lost employees to the auto makers.\u00a0 This is the nature of our economic system.<\/p>\nWith this in mind, what are Barack Obama, Nancy Pelosi and Harry Reid doing to create jobs?\u00a0 We’re not referring to temporary work funded by dollars borrowed from future generations or wrenched from more productive uses via taxation – actual jobs<\/em>?\u00a0 Stated differently, what entrepreneur in his or her right mind would consider this a promising moment to take risks and hire new employees?\u00a0 From healthcare “reform” to carbon cap-and-tax legislation to higher taxes to financial regulation, Obama, Pelosi and Reid see employers as mere scapegoats who should be saddled with even higher costs of employment.\u00a0 They bail out dinosaurs like GM and Chrysler, but leave smaller entrepreneurs to suddenly subsidize ObamaCare and the ever-expanding federal government.<\/p>\nThe unemployment rate just jumped to 10.2% despite Obama’s promise that it wouldn’t exceed 8% if we swallowed his “stimulus” medicine.\u00a0 At what point does he wake up and smell the real-world coffee?\u00a0 Will he ever?<\/p>\n","protected":false},"excerpt":{"rendered":"
During a week in which Nancy Pelosi force-fed her job-killing healthcare bill to America, it was timely that the Kauffman Foundation released a report on how jobs are created in this country. According to their study released last week, two-thirds of jobs created as recently as 2007 came from enterprises less than five years old.\u00a0 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[55,19,102,27,24,71],"class_list":["post-1983","post","type-post","status-publish","format-standard","hentry","category-posts","tag-capitalism","tag-economy","tag-free-market","tag-jobs","tag-obama","tag-taxes"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=1983"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1983\/revisions"}],"predecessor-version":[{"id":1989,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1983\/revisions\/1989"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=1983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=1983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=1983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}