More American Businesses Dying than Starting
BY C SERPA www.gramsgold.com
“In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first
time in 35 years, American business deaths now outnumber business births.
”Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen
as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton.
When small and medium-sized businesses are dying faster than they’re being born, so is
Indeed, the numbers are striking. Contrary to the oft-cited 26 million businesses in America
figure, Clifton says 20 million of these so-called “businesses” are merely companies on paper with
zero workers, profits, customers, or sales. In reality, America has just 6 million businesses with one
or more employers–3.8 million of which have four or fewer employees. In total, these 6 million U.S.
companies provide jobs for more than 100 million people in America,”reports Breitbart.
“Of the 2.2 million job-creating companies with five or more workers, the numbers break down
accordingly:
US Retail Sales Drop Most Since June2012The Gallup CEO says the numbers paint an ominous portrait of America in a dire state of decline.
“I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise,” says Clifton. “And when free
enterprise dies, America dies with it.”
US retail advanced sales dropped a stunning 9% . The last time we saw a bigger monthly drop
was June 2012. Want to blame lower gas prices – think again… Retail Sales ex Autos and Gas also
fell 3% (missing a high expectation of +5%)
My question is, when is the lamestream media going to quit “expecting” high economic numbers? When is the ball going to hit them in the head , and they finally realize the expected numbers are all
lies in order to create a facade of prosperity; that there is and has been no economic recovery, and
finally report on the real numbers? I won’t hold my breath.
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