US economy "less entrepeneurial than in over three decades", and the rate of business creation has halved since 1978.

Combine this with an increased number of businesses going under, and a "death cross" has been hit where more are shutting the doors each year, rather than opening them.

Source: http://www.zerohedge.com/news/2014-05-06/death-cross-american-business

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What incentive is there to start a business these days? Regulatory compliance is expensive and stressful, customers treat you like a piece of shit (if they come at all), and taxes are taking away the financial incentive. Even if you get passed all that and manage to be successful, odds are there'll be some bigger fish out there lobbying to get you shut down.

On the plus side, black markets are exploding. So maybe entrepeneuralism isn't dead, it's just that today's entrepeneurs cannot be bothered with playing the game with their local mobsters.

The economic problems of the late 70's were a result of Nixon's screwing around with the valuation of the dollar, the bill for the Vietnam fiasco coming due and serious uncertainty in the oil industry.

Next up: Reaganomics! I was there, I witnessed the whole thing in excruciating real-time.

In 1984, taxes on millions of low-wage workers went up to slightly offset tax cuts for the wealthy and a bloated military budget.
As you can see by the chart, the more affluent were able to start new businesses because they had more capital.
Those businesses failed because a sizable chunk of consumers had less money to spend on goods and services.

Pappy Bush punctuated the Reagan revolution (merely a comma) with a spike on the red and a dip on the green.

For the most part, (DINO, Republican Lite) Bill Clinton's policies were the least malignant while he was in office, he certainly shit the bed with NAFTA and Gramm Leach Bliley.

Dubya...
Cut taxes on the wealthy, invades TWO countries and handed out trillions of dollars to the banksters. Well? WHAT THE HELL DIDJA THINK WAS GONNA HAPPEN?

As shown in the graph, the crossover happened at the end of Dumbya's reign of error.

Obama's problem is twofold. First, he's a DINO Republican Lite, and second, his hands are tied due to congressional intransigence. (buncha fucking Koch whores)

I don't understand that whole regulation thing. How the hell does giving businesses the right to exploit workers and piss all over the planet improve the economy?

Yes but it's 3 years past that data. WHy are we using old data from like the height of the collapse, instead of where we picked back up?
Is the graph worse or better?

I like you.

did anyone expected the dont tax the rich politik to work?

Why are these graphs never up to date. Published May 15 2014, runs to 2011.
Does the census bureau still work with paper forms and punch cards.

Hold on a second....I think I have it...Billy Graham?

Call me crazy, but i'm not sure this chart actually tells us anything useful.

On it's face it looks like the economy is getting smaller?

I mean, should we expect businesses to grow forever?

Sure with population increasing we MIGHT expect businesses to keep growing, except for the fact that businesses increase as well.

I mean, Walmart has a bigger GDP then Norway.

Plus i mean look at that spread.   It's so low at  1979... despite 1979 just being an awful year for the economy.

Its over regulation. Rules, rules, mandates, more rules, more bloated big government getting in the way. Too many unaccountable czars and bureaucrats making law on their own accord.

Taxes continuing to go up, more people on food stamps than ever, more people on the government tit than actually working. 80 million not in the workforce. its no wonder something is going down. With all the red tape in a business and the militaristic IRS allover everyone, fuck starting a business these days.

northern europe has much bigger governments and it works perfectly.

the us system is just broken. the wrong persons pay the taxes... u have to take the money from the rich, not from the poor.

and the election system is broken too. to much money in the game...