punk_ash

Will This Economy Ever Create Job Growth?

That was the intent of the start ups. But those start ups turned into hit and run operation. Launch a start up, get some revenue going, sell equity, insiders sell and run. Bag holders trade with each other trying to pinch pennies, while brokers making money on them, the product never showed up. I am glad we have no more start ups popping up.


On Oct 04 08:34 AM User 353732 wrote:

> Jobs, that matter to the middle class, are created by start ups(by
> definition a start must hire at least 1 or 2 people), small businesses
> and useful innovation that creates new supply which creates its own
> demand which generates new revenues and hence, income and jobs.<br/>
>
> The current Regime is manifestly hostile to start ups(entrepreneurs
> are punished and good risk taking is penalized while criminal bubble
> making with tax payer money is glorified); small businesses are financially
> suffocated (systematic and persistent credit starvation and increasingly
> vindictive regulations); useful innovation is stifled(by an addiction,
> to the stultifying status quo of failed business models, incompetent
> managements, ruinous organizational practices and strategically moribund
> industrial and financial corporations ).
>
> This triple hostility ensures that the Structural or Embedded unemployment/underempl...
> rate in the economy will be substantially greater than has been the
> American experience until 2009. Never have so few destroyed so much
> job creating POTENTIAL for so many, so quickly, in American economic
> history.