U.S. BUSINESSES are being destroyed faster than they’re being created.
There is a lot of Obama- and Bush-bashing in the comments, but for the limited time slice presented, it seems to me that the trend correlates well with the increasing regulatory environment over the last 30 years. Established companies, more capable of weathering the increasing regulatory burden, are closing at a relatively constant rate; start-ups, less able to compete initially, are not starting up.
Regulatory lawfare, unfortunately, is bipartisan.
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