Small-Business Owners Struggle To Survive Amid An Unprecedented Federal Regulatory Onslaught - Investors.com
Since the financial crisis and throughout the sluggish economic recovery, working families and small-business owners have watched as the federal government has engaged in a grand experiment in government-led economic engineering. That experiment has failed.
The latest jobs report underscores the need to change our country's direction. April's unemployment rate was 8.1%, but if you include those who are underemployed, that rate shoots to 14.5%.
The unemployment rate has now persisted at over 8% for three years, longer than any period in modern history. Not to mention that there are nearly 4 million "missing workers" who have disappeared from the work force altogether.
It's probably not too difficult to convince most Americans that things are not going well.
Small businesses create two out of every three new jobs in America. When small businesses struggle, the entire economy suffers. Rather than encouraging economic growth, policies from Washington are making it difficult for small businesses to grow into bigger businesses. Massive government expansion into health care, banking and a wide variety of other areas has become a major hurdle to job creation — and small businesses are being hit the hardest.
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