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They Are Killing Small Business: The Number Of Self-Employed Americans Is Lower Than It Was In 1990 May 23, 2017

After eight long, bitter years under Obama, will things go better for entrepreneurs and small businesses now that Donald Trump is in the White House?  Once upon a time, America was the best place in the world for those that wanted to work for themselves.  Our free market capitalist system created an environment in which entrepreneurs and small businesses greatly thrived, but today they are being absolutely eviscerated by the control freak bureaucrats that dominate our political system.  Year after year, leftist politicians just keep piling on more rules, more regulations, more red tape and more taxes.  As a result, the number of self-employed Americans is now lower than it was in 1990

In April 1990, 8.7 million Americans were self-employed, but today only 8.4 million Americans are self-employed.

Of course our population has grown much, much larger since that time.  In 1990, there were 249 million people living in the United States, but today there are 321 million people living in this country.

What this means is that the percentage of the population that is self-employed is way down.

In fact, one study found that the percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.

And if you go back even farther, the numbers are even more depressing.  It may be hard to believe, but the percentage of “new entrepreneurs and business owners” declined by a staggering 53 percent between 1977 and 2010.

Sometimes I like to watch a television show called Shark Tank, and on that show they make it seem like entrepreneurship in America is thriving.

But the exact opposite is actually the case.  In a previous article, I discussed how the number of new businesses being created in the United States has been steadily falling over the years.  According to economist Tim Kane, the number of startup jobs per one thousand Americans has been declining for several consecutive presidential administrations

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

So why is this happening?

As I mentioned at the top of this article, self-employed Americans are being absolutely strangled by oppressive rules, regulations and taxes.

To illustrate this point, I would like to share with you some quotes from an open letter that was authored by a small business owner named Don Chernoff…

#1 I work for myself and have to pay my own medical expenses. Before the “affordable care act” I was paying about $200 per month for a high deductible policy. It was far from perfect but it got so much worse under the “Affordable” care act.

I now pay over $400 a month, my deductible went from $5,000 to over $6,000 and my out of pocket costs for care have skyrocketed.

#2 I have to spend dozens of hours and thousands of dollars for a tax accountant each spring to prepare my taxes because I cannot possibly understand how to do it myself, and I have a master’s degree in engineering.

#3 Many years ago when I quit a perfectly good job to start my own small business, I was shocked to learn that I had to pay both my share and what had been my employer’s share of Social Security.

#4 Between state, federal and local taxes you’ve probably paid 50% or more of your income in taxes, but that’s not enough for politicians.

If you’ve been lucky enough to have created a business you can sell, now you’ll get to enjoy paying another tax on the capital gain from the sale.

This is another reason why we need a conservative revolution in Washington.  We should demand that our members of Congress lower tax rates dramatically, completely eliminate the self-employment tax, greatly simplify the tax code and get rid of as many regulations on small business owners as possible.

In fact, if it was up to me I would abolish a number of federal agencies completely.

What we are doing right now is not working.  Small businesses have traditionally been one of the main engines of economic growth in this country, but thanks to the left they are unable to play that role at the moment.

It isn’t an accident that over the last ten years the U.S. economy has grown at exactly the same rate as it did during the 1930s.

If we want our economy to be great again, we need to go back and start doing the things that made it great in the first place.  If we continue to suffocate our economy, we will continue to get the same results.

And with each passing day, we get more signs that the economy is heading into another major downturn.  For instance, we just learned that Sears is closing 30 more stores on top of the 150 that had already been announced…

Sears Holdings, which wasn’t shy when it announced at the start of the year that it is closing 150 underperforming stores, has quietly added at least 30 more to the list.

Another 12 Sears stores and 18 Kmarts are among the locations that are closing, from Carson, Calif., to Hialeah, Fla., with most scheduled to shut their doors in July, based on calls to the stores, malls and confirmation in local media.

At the start of the year, the retailer pinpointed the 150 stores it said it would close. But it declined this week to provide a list of additional locations that are slated to shut since then, saying that it update store counts each quarter.

In addition, we just learned that new home sales in April were 11.4 percent lower than they were in March

If you’re surprised by the collapse in new home sales in April, then you’re not paying attention.

The 11.4% MoM plunge in new home sales in April was 5 standard deviations below expectations and the biggest since March 2015.

Yes, the stock market is holding up for the moment, but for most Americans the “real economy” just continues to deteriorate.  Just because we are at the end of a giant financial bubble does not mean that everything is going to be okay.

The numbers that I brought up in this article are just another example of our long-term economic decline.  In a healthy economy, entrepreneurs and small businesses would be thriving.  But instead, they are being systematically strangled out of existence by a political system that is wildly out of control.

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The End Of The Obama World Order January 18, 2017

Barack Obama Looking Into A Mirror - Public DomainFor the past eight years, Barack Obama has been using the power of the U.S. presidency to impose his vision of a progressive world order on the entire globe.  As a result, much of the planet will greatly celebrate once the Obama era officially ends on Friday.  The Obama years brought us the Arab Spring, Benghazi, ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal.  On the home front, we have had to deal with Obamacare, “Fast and Furious”, IRS targeting of conservative groups, Solyndra, the VA scandal, NSA spying and the worst “economic recovery” since the end of World War II.  And right at the end of his presidency, Barack Obama has committed the greatest betrayal of Israel in U.S. history and has brought us dangerously close to war with Russia.

So is the end of the Obama world order worth celebrating?

You better believe it is.

Of course Obama and his minions are in a great deal of distress that much of their hard work over the past eight years is about to be undone by Donald Trump.  On Wednesday, Vice President Joe Biden warned the elitists gathered at the World Economic Forum in Davos that their “liberal world order” is in danger of collapsing

Vice President Joe Biden delivered an epic final speech Wednesday to the elites at the World Economic Forum in Davos, Switzerland.

The gist of his speech was simple: At a time of “uncertainty” we must double down on the values that made Western democracies great, and not allow the “liberal world order” to be torn apart by destructive forces.

And without a doubt, we definitely want it to collapse.

During his time in the White House, Barack Obama has used the full diplomatic power of the government to promote “abortion rights”, “gay rights” and other “liberal values” to the farthest corners of the globe.  Here at home, the appointment of two new Supreme Court justices under Obama paved the way for the Supreme Court decision that forced all 50 states to recognize gay marriage.  During his final press conference on Wednesday, Barack Obama told the media that he was particularly proud of this

Obama said he’s particularly proud of the “transformation” on gay rights during his presidency, which saw monumental Supreme Court decisions on gays in the military and same-sex marriage. Obama said his role was mostly to deliver “a good block downfield to help the movement advance.”

He said gay and lesbian activists deserve most of the credit, and singled out talk-show host Ellen DeGeneres, to whom he awarded the Presidential Medal of Freedom last year.

And the final press conference of his presidency also afforded Obama the opportunity to talk about UN Security Council Resolution 2334.  Sadly, Obama still does not have any regrets for betraying Israel so dramatically…

“It was important for us to send a signal, a wake-up call, that this moment may be passing, and Israeli voters and Palestinians need to understand that this moment may be passing,” he said.

As far as many of us are concerned, January 20th cannot get here soon enough.

Somehow we have survived as a nation for the last eight years, but without a doubt a massive amount of damage has been done.

Many are hoping that Donald Trump will be able to start repairing that damage and will work hard to set this nation on a positive course once again.

It still doesn’t seem quite real to me that Donald Trump will soon be residing in the White House.  Perhaps after I watch him being inaugurated on Friday I will feel differently.  And I certainly am not expecting any miracles under Trump, but it sure will be nice to have a new face in the Oval Office.

Right at this moment, moving trucks are in the front of the White House and those that worked for Obama are packing up and leaving.  This is a somber moment for them, but a joyous one for tens of millions of patriotic Americans.  Many of us have been waiting for this for eight long years, and by Friday morning the current White House staff will all be gone

In between closing out final projects and typing up reports on the work they’ve done, White House staffers are packing away their knickknacks, coffeemakers and photos. The boxes stack up in offices already vacated by staffers who have departed over the past few weeks.

By Thursday night, all must be gone to make way for Trump’s team.

Before they leave the building for the final time, they’ll go through a checklist that completes their formal separation from the White House: cell phones handed in, computers locked and papers properly filed to be archived. The last step, aides said, is the hardest: handing in the badge that provides access to the complex day or night.

But just because the left lost the election does not mean that they are ready to roll over and give up.

On the contrary, emotions are running extremely high on the left, and many of them are preparing to make the inauguration of Donald Trump as chaotic as possible.

For instance, on Tuesday night a man actually set himself on fire in front of the Trump International Hotel in Washington…

A protester set himself on fire outside Trump International Hotel in Washington DC on Tuesday.

The 45-year-old man, who has not yet been identified, said the act was in protest of the President-elect’s looming inauguration.

Witnesses described how he yelled ‘Trump’ several times as ‘flames ran up his back’ before lying down in the street.

And it is being reported that radical leftists plan to blockade major roads and metro lines throughout the D.C. region on Friday in an attempt to prevent people from getting to the inauguration of Trump.

So let us rejoice that the Obama world order is ending, but let us also understand that the battle is not over.

In fact, the truth is that the war for America is just beginning.

The election of Donald Trump has energized the left like never before, and they are going to hit his administration with everything that they have got.

Donald Trump is going to need our support, our voices and our prayers if he is going to have any chance to succeed.

And all Americans should want him to succeed, because our nation is at a crossroads, and if we go off on the wrong path we may never find our way back.

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