The vast majority of America’s small business owners, the key job creators in the economy, say that Washington’s policies are hostile to job creation and antagonistic toward free enterprise, and that federal policies have become even more hostile in recent years.
That judgment comes at a time when the public’s top priority is jobs and, as reported by the Commerce Department’s Bureau of Economic Analysis, the “real gross domestic product — the nation’s output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 0.1 percent in the fourth quarter of 2012.”
This indictment by small business owners of the federal government’s anti-business biases and anti-jobs policies comes at a time when some 23 million Americans are out of work, counting those who are officially counted as unemployed, plus the ex-workers who’ve prematurely dropped out of the labor force, plus those who’ve been involuntarily cut from full-time to part-time.
From January 2009, the month President Obama entered the Oval Office, to June 2012, real (adjusted for inflation) median household income in the U.S. dropped by $4,019, according to income data from the Census Bureau.
That decline in income was largely the result of slow economic growth and the subsequent weak demand for labor, a growth deficit that’s likely to be only further weakened by recent tax hikes on investment incomes and small business earnings.
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