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What/Who Is Holding Back Small Business? Washington DC, That’s Who

Posted by Larry Doyle on August 9, 2013 8:17 AM |

Put aside everything else that streams across the daily news wire, there is no doubt that the prevailing issue that causes the most concern for people in our nation is how they are putting bread on the table.

Yes, we can dispense with all the noise that spews forth from far too many sources, the issue that is most prominent to our economic well being remains JOBS, JOBS, JOBS. So where are the jobs and why aren’t they being created to any meaningfully degree a full five years after the outset of our economic crisis? 

Regrettably any meaningfully robust review of our overall employment situation shows that we we are largely running in place when it comes to improvement on the jobs front. Certainly more and more people are working part time or are trying to make ends meet while self-employed but would prefer a stable job with a steady paycheck. So the question begs why aren’t businesses — and especially small businesses — hiring? Let’s navigate.

As Jim Clifton, the chairman and chief executive of Gallup, recently wrote,

Bluntly, the jobs picture is not improving, despite what you hear in the news, and it will get worse. Yes, businesses are sitting on billions of dollars in cash and productivity gains and the stock market has been rallying. But those businesses are hoarding that cash because they still lack that all-important state of mind and spirit: confidence.

Here, Gallup’s findings aren’t much more promising.

America’s 6 million small businesses are, by far, the biggest drivers of new job creation. Yet earlier this year, the Wells Fargo/Gallup Small Business Index found 30% of small-business owners say they’re not hiring because they’re worried they may no longer be in business in 12 months.

Moreover, new business startups — driven by entrepreneurs’ confidence — have fallen below 400,000 per year, in my estimate, and the country needs a bare minimum of 1 million new startups annually to fix the employment problem. No confidence, no startups, no growth, no jobs.

Talk about insecurity. Ouch . . . but oh so real when businesses know that they are not only battling the competition but Washington as well. How so?

What’s damaging business confidence?

Wells Fargo/Gallup Small Business Index -- Top Concerns of Small-Business Owners, January 2013

Perhaps readers may care to share this data with your elected representatives as they come home for a 5-week vacation having recently made sure that their staff members receive a nice little gift to meet their own expected increase in healthcare premiums under Obamacare.

Isn’t self-dealing and sticking the taxpayer with the bill great? Think your staff might like a similar sort of gift to pay for their healthcare premiums?

What a joke. But, let’s be real, the joke is being played on American taxpayers.

Larry Doyle

Please pre-order a copy of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy, that will be published by Palgrave Macmillan on January 7, 2014.

For those reading this via a syndicated outlet or receiving it via e-mail or another delivery, please visit my blog and comment on this piece of ‘sense on cents’.

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I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

 

 

  • Van

    LARRY SOMETIMES I JUST DON’T KNOW THE EXTENT OF THE BRAINWASHING THAT HAS GONE ON. IT ALWAYS ALMOST MAKES ME CRY, JOBS ARE THE ACTIVITY OF THE SLAVES, THEY FEED THE SYSTEM IN WITH THEIR MASSES, THEY ARE THE CREATION, FROM ALL THEY HAVE BEEN EXPOSED TO, ALL THEIR LIVES , ALL THAT WAS SHOVED DOWN THEIR THROATS.

    I WONDER AT THE LACK OF QUESTIONING, WHEN THE COUNTERFEIT MONEY WAS ACTUALLY GIVEN TO THE POPULACE. THE CASH WAS ALARMING AND INDICATIVE OF THE INSANITY OF OUR SYSTEM AND NO ONE EVEN REMEMBERS. THE FEAR “THEY” HAD,,,WAS THAT PEOPLE WOULD SAVE IT , INSTEAD OF SPENDING IT.

    WHEN OUR COUNTRY WAS GREAT, AND IT WAS NOT GREAT LONG, PEOPLE THAT HAD IT MADE, AND WHO MADE THIS COUNTRY, WERE SELF SUFFICIENT I LIVED THEN, IN THE TAIL END OF THE GREATNESS. THE MASS EXODUS INTO THE CITIES WAS ORCHESTRATED, AND STILL IS, BY THE CRIMINALS THAT WANT TO CONTROL US ALL.

    THEY WANT US TO ALL HAVE JOBS AND CONTRIBUTE OUR PENNIES (LOTS OF THEM) TO THEIR BENEFIT. THEY WANT NO MORE. BUT THAT IS ALL WE ARE ALLOWED TO DO.

    BUT ALL THIS IS COMPLETELY OVERSHADOWED BY THE COMPLETELY OUT OF CONTROL GREED THAT “THEY” HAVE BEEN ALLOWED TO APPLY. REALLY LOOK AT WHAT THEY ARE DOING, AND WHAT THEY HAVE DONE FOR THE LAST 200 YEARS.

    THOSE THAT CHASE MONEY ARE WELCOME TO THEM, WELCOME TO THE SYSTEM THEY USE TO ENSLAVE THE POPULACE.






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