The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.Thomas Jefferson
New federal data show the rate of business start-ups continues to fall in this recovery. According to the Census Bureau, the start-up rate, measured as a share of all firms, has plunged to 7% from 9% in 2008 and from 11% in 2006. The pace, moreover, is almost half the 1980s’ peak of 13%. Of all the negative trends tracking this administration, this may be the most disturbing. As start-ups have hit an all-time low, we’ve seen an accompanying decline in job creation from start-ups, which explains the jobless recovery. The data, which go back to the early ’80s, show that the share of new job creation from start-ups has fallen from over 40% in that decade, when business formation exploded and the economy saw huge gains in payroll employment, to under 30% today. The difference is incentives: President Reagan slashed taxes and unshackled entrepreneurs from burdensome government rules, while Obama strangles them with new red tape and threats of tax hikes. … A separate study, prepared by the OECD, reveals that the U.S. has fallen behind most of its global competitors in promoting entrepreneurship. Based on a ranking of regulations, it’s now easier to start a business in Slovenia, Estonia and Hungary — three former Iron Curtain countries — than in America. Canada, our liberal northern neighbor, is now head and shoulders above America in entrepreneurial friendliness. It requires the least number of procedures to start a business of any of the OECD nations. … It’s plain from federal data that start-ups are critical to job creation. And their alarming dearth under Obama helps explain why this recovery is so anemic. If the president really wants to get America working again, he’d stop blaming state budget cuts and congressional Republicans and adopt Reagan’s pro-entrepreneurial policies. Unfortunately, he’s a rigid leftist ideologue who’d rather stand in the way of new business formation and jobs.
What President Obama has been pushing for, and moving toward, is more insidious [than socialism]: government control of the economy, while leaving ownership in private hands. … Thus the Obama administration can arbitrarily force insurance companies to cover the children of their customers until the children are 26 years old. Obviously, this creates favorable publicity for President Obama. But if this and other government edicts cause insurance premiums to rise, then that is something that can be blamed on the ‘greed’ of the insurance companies. … What socialism, fascism and other ideologies of the left have in common is an assumption that some very wise people — like themselves — need to take decisions out of the hands of lesser people, like the rest of us, and impose those decisions by government fiat.
Pity the poor Obama administration leakers. They impart their much-cherished secrets to make their man look good and then, at the first chirp of criticism, are ordered to confess their (possible) crimes by the very same president they were seeking to please. In this, they are a bit like the male praying mantis. He does as asked and then the female bites his head off. … All administrations leak what they want when they want. Occasionally, some killjoy screams something about national security, but the republic somehow survives and the secret is usually only a secret to the American people, not to the enemy. This is undoubtedly the case with the recent disclosure regarding the use of a computer worm to wreak havoc with the Iranian nuclear program. … The leak that troubles me concerns the killing of suspected or actual terrorists. The triumphalist tone of the leaks … not only is in poor taste but shreds a long-standing convention that, in these matters, the president has deniability. The president of the United States is not The Godfather.
Unlike American states, European countries lack a common bond. There are different languages, different histories (Colorado, for example, never invaded Nebraska) and different religions, including for six decades, atheism imposed by communist dictators in Eastern Europe. … Living within one’s means was a lesson forgotten by individuals and governments, whose main preoccupation — in Europe and America — has been giving people what they want in hopes they’ll re-elect the politicians who dispensed the goodies. That formula has contributed to an unemployment rate in Spain approaching 25 percent. Spain last weekend was approved for a bailout of up to $125 billion from the euro-zone, the fourth country to ask for a loan since Europe’s debt crisis began. … [Prime Minister Margaret] Thatcher warned, ‘We have not successfully rolled back the frontiers of the state in Britain, only to see them re-imposed at a European level with a European super-state exercising a new dominance from Brussels.’ That is precisely the seductive siren call the ‘conservative’ British government now hears. … Today’s politicians can’t pretend they were not warned.
THOUGHT FOR THE DAY:
Most “White” folk have gotten over and beyond being “White” instead of just Caucasian. Now it is time for “Black” folk to just be Americans. No one can move forward by remaining in the enigma of the past, beyond learning from past mistakes. We truly, as a national people, cannot get over the ethnic barriers that makes up this nation if we continue to insist upon not being “color blind” and just refer to each other as fellow Americans or by our given names.
Keith A. Lehman