Don't be distracted by the headline until you read the details.
Here is a blog I put out a few days ago about the so called V shaped recovery. Things seem to be fine on the surface but some very troubling aspects are happening below the surface. The highlight of the post from the Kaufman study are below:
Kauffman comments worth a discussion are in bold and mine in purple.
Research highlights include:
The bloggers expect the greatest growth over the next three years to be in interest rates, with the U.S. budget deficit expected to grow at about the same rate as global output, U.S. inflation and U.S. employment. Three-year projections also include expected increases in poverty and inequality levels in the United States and potentially a slight decline in U.S. competitiveness. This can not be good news. We need to improve employment and tackle the massive debt.
Respondents rate overall business conditions as "mostly fair, partly bad," but a majority believe conditions for small business in particular are "bad" or "very bad." At least 55% of US GDP comes from private business and also the small to mid sized business's. Again, this can not help us create jobs in the long run.
63 percent of the surveyed bloggers say the federal government is too involved in economic matters. Half favor more financial regulation, compared to 10 percent who favor increased business regulation, and 94 percent oppose higher taxes or investment. The absolute essential items that can help fuel growth and productivity are created by lowering tax's. We know we can't compete with the likes of China and India on manufacturing but we have great access to intellectual capital.
A strong majority of bloggers – 80 percent – want Congress to "create a visa for entrepreneurial immigrants." Kauffman got this right a while back. We need to bring talent, brains and money into this country(consistent with our history), not oppose it nor should we block it. We are heading in the absolute wrong direction.
The link to the original article is here.
A strategic resource to private business owners, non-profit executives and art collectorsAmir Homayoun Rafizadeh, MBA
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