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Clinton Was "Surprised" That Businesses She Wants To Champion Are Struggling

- August 6, 2015

Clinton Has Said She Wants “To Be The President For Small Business.” “She also foreshadowed her plans to emphasize policies for small businesses when she interjected last week at a Las Vegas roundtable on immigration: ‘I want to be the president for small business.’” (Jennifer Epstein, “Hillary Clinton To Pitch Herself As Candidate For Small Businesses,” Bloomberg, 5/5/15)

  • Clinton “Plans To Make Pro-Small Business Policies A Focus Of Her Presidential Bid” Emphasizing The “Critical Post-Recession” Moment That Requires “The Right Policies” For Them To Thrive. “Hillary Clinton plans to make pro-small business policies a focus of her presidential bid and will spend next week in Iowa and New Hampshire to begin sharing those ideas, a senior campaign official said Friday. Clinton sees small businesses as being at a critical post-recession moment in which, with the right policies, they can thrive, the official said, and will outline her suggestions for ways to encourage risk-taking on Main Street over what the official described as irresponsible speculation on Wall Street.” (Jennifer Epstein, “Hillary Clinton To Pitch Herself As Candidate For Small Businesses,” Bloomberg, 5/15/15)

Clinton Said She Was “Surprised” To Learn That Small Business Creation Has “Stalled Out” In The Obama Economy. HILLARY CLINTON: “My perspective. I want to be sure that we get small businesses started and growing in America again. We have stalled out. I was very surprised to see that when I began to dig into it. As people were telling me this as I traveled around the country the last two years, but I didn’t know what they were saying and it turns out that we are not producing as many small businesses as we use to. And a recent world study said that we are forty-sixth in the world in the difficulty to start a small business. There are lots of issues and we will get into those I hope Dave and the rest of you as well.” (Hillary Clinton, Remarks At A Roundtable, Keene, NH, 4/20/15)

According To The World Bank Group’s Global Rankings, The U.S. Ranks 46th In Starting A Business.  (World Bank Group’s Doing Business Economy Rankings, Accessed 8/4/15)

A Brookings Institute Report From Last Year Found That Business Closings Outpaced Business Creation. “In other words, the level of business deaths kept growing along with the overall level of businesses in the economy, but the level of business births did not— it held relatively steady before dropping significantly in the recent downturn. In fact, business deaths now exceed business births for the first time in the thirtyplus-year history of our data (See figure A1 at Appendix).” (Ian Hathaway and Robert E. Litan, “Declining Business Dynamism In the United States,” The Brookings Institution, May 2014)

Starting In 2009 More Firms Have Closed Than Have Been Created, In 2012 Alone 14,863 More Firms Were Closed Than Created. (Business Dynamics Statistics, United States Census Bureau, Accessed 8/4/15)


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