U.S. businesses are being destroyed faster than they’re being created

Posted by $ Your_Name_Goes_Here 11 years, 10 months ago to Business
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This is what happens when you elect a noob as the CEO of the world's remaining superpower. Well, we were five years ago at least...

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  • Posted by khalling 11 years, 10 months ago
    I think it 's mostly due to securities and banking law. This is why New York fares well in the breakout. Significant restricted access to capital so only the big boys can play.
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  • Posted by Robbie53024 11 years, 10 months ago
    The number of firms dissolving doesn't worry me that much, it is an indicator of goods/services no longer needed or cost efficient. The number of new businesses under a year old, is concerning. That shows that new businesses are no able to get the capital needed to be created. That is not healthy for an economic system.
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  • Posted by $ rockymountainpirate 11 years, 10 months ago
    That CEO has been very successful. He said he'd fundamentally transform the country and he has. He has nearly transformed us into a 3rd world country just like he said he would.
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  • Posted by iroseland 11 years, 10 months ago
    its funny this is getting mentioned.. I was just about to post something.. But, anyways.. It seems like the biggest problem is that new business is being capitol starved. Banks pretty much will not make a business loan, and the investment community is busy looking for the next facebook. Also, only a lunatic would actually want to take a company public. But, for the VC folks you have two exit choices.. You either go public, or sell..
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