Do Small Businesses Really Drive the Economy?

Thursday, September 15, 2011

President Obama has been on a tour to push his $447-billion jobs package, and he's been meeting with small business owners in places like North Carolina and Ohio, making it clear that they are at the heart of his plan for economic recovery. Meanwhile, some Congressional Democrats are already saying that the jobs bill will need some major changes in order to pass. Can small businesses really save our ailing economy?

Jay Goltz is the author of "The Street-Smart Entrepreneur: 133 Tough Lessons I Learned the Hard Way" and the lead small business blogger for The New York Times, where he writes "The Thinking Entrepreneur." As a small business owner, Goltz thinks its ridiculous for politicians to say that small business drive the economy. Dan Gross, columnist and economics editor for Yahoo! Finance, talks about how small business play into a successful economy.

Comments [2]

Peter Longo

I own Porto Rico Importing Company
We employ more the 45 people about 12 ft and the rest pt. These folks DEPEND on me their employer to act responsibly and meet that payroll without fail. Does small business create jobs absolutlely. And in an ongoing way. I have seen genertions of staff pass through the store as they worked there way through school. My Fters have been with me for an average of
10 years.

Nov. 09 2011 12:02 PM

‘People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public or in some contrivance to raise prices.’ (Adam Smith, The Wealth of Nations, 1776).

"Small business creates most of the jobs.", Paul Ryan, Republican Congressman, Fox News Sunday, 8/7/11

Why is our government and conservatives not protecting small business from big business? Could it be that the large oligopolies are also large contributors to our politicians?

What does the American auto industry, the health care industry, wall street firms and the banking industry all have in common; other than they were all on he brink of failure? More:

Sep. 16 2011 11:46 AM

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