Ryan Streeter highlights a chart from a May Kauffman Foundation study on startups:
Streeter writes:
The chart shows that new businesses, or startups, have dropped to historic lows in America as a percentage of all businesses. That has happened under Obama’s watch. Now, of course, this is a long-term trend. So if Romney would make use of this chart, Obama would surely say “I didn’t do that! Somebody else made that happen!” And he would be right to suggest that this downward trend is occurring due to forces not entirely under his control.
But, of course, who can name a single, sincere effort on behalf of his administration to show that he’s on the side of new, small businesses? No one can. He cannot dig out of the hole implied by this chart – namely, that as startups began weakening as an economic force, Obama has done all he can to crater them.