{"id":43734,"date":"2014-05-12T12:30:29","date_gmt":"2014-05-12T17:30:29","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=43734"},"modified":"2014-05-12T08:53:49","modified_gmt":"2014-05-12T13:53:49","slug":"this-is-your-obama-economy-part-mmmccxvliii","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=43734","title":{"rendered":"This Is Your Obama Economy, Part MMMCCXVLIII"},"content":{"rendered":"<p>A <a href=\"http:\/\/www.brookings.edu\/research\/papers\/2014\/05\/declining-business-dynamism-litan\">report <\/a>from the center-left Brookings Institution shows that not only is busines dynamism &#8211; the pace of new business openings and old business closings &#8211; the slowest it&#8217;s been, but during the Obama &#8220;Recovery&#8221; the pace of closings has far outrun the pace of new business creation, for the first time in post-Great-Depression history:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/media.hotair.com\/wp\/wp-content\/uploads\/2014\/05\/brookings-dynamism.jpg\" alt=\"\" width=\"560\" height=\"410\" \/><br \/>\nSays Brookings:<\/p>\n<blockquote><p>Research has firmly established that this dynamic process is vital to productivity and sustained economic growth. Entrepreneurs play a critical role in this process, and in net job creation.But recent research shows that dynamism is slowing down. Business churning and new firm formations have been on a persistent decline during the last few decades, and the pace of net job creation has been subdued. This decline has been documented across a broad range of sectors in the U.S. economy, even in high-tech. \u2026<\/p>\n<p>While the reasons explaining this decline are still unknown, if it persists, it implies a continuation of slow growth for the indefinite future, unless for equally unknown reasons or by virtue of entrepreneurship enhancing policies (such as liberalized entry of high-skilled immigrants), these trends are reversed.<\/p><\/blockquote>\n<p>Why has America become less entrepreneurial?\u00a0<\/p>\n<p>I&#8217;m going to suggest it&#8217;s two things; the constant accretion of new regulations atop old regulations, which continually make new businesses harder and harder to launch, and a culture &#8211; especially a school system &#8211; that is slowly leaching the desire independence out of the citizenry.<\/p>\n<p>(Via <a href=\"http:\/\/hotair.com\/archives\/2014\/05\/06\/brookings-more-businesses-dying-than-being-created-for-first-time-ever\/\">Ed<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report from the center-left Brookings Institution shows that not only is busines dynamism &#8211; the pace of new business openings and old business closings &#8211; the slowest it&#8217;s been, but during the Obama &#8220;Recovery&#8221; the pace of closings has far outrun the pace of new business creation, for the first time in post-Great-Depression history: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,64,69,74],"tags":[],"class_list":["post-43734","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-president-obama","category-socialism","category-the-great-recession"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43734"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43734\/revisions"}],"predecessor-version":[{"id":43736,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43734\/revisions\/43736"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43734"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}