An Investor’s Business Daily editorial notes:
Based on a ranking of regulations, it’s now easier to start a business in Slovenia, Estonia and Hungary — three former Iron Curtain countries — than in America.
Canada, our liberal northern neighbor, is now head and shoulders above America in entrepreneurial friendliness. It requires the least number of procedures to start a business of any of the OECD nations.
The OECD also measured cultural attitudes toward entrepreneurship and found that far more Chinese think starting their own firm is “a good career option” than Americans. The Chinese also think they have more “opportunity” to start their own companies and have less “fear of failure” than Americans.
What does it say about America under Obama when people living under communism are more jazzed about opening a business?
Black entrepreneurs are especially sour on their prospects under Obama.
“When Obama became president, we were all happy about the symbolism—America’s first black president,” said National Black Chamber of Commerce President Harry Alford. “We didn’t really care about his position or views on anything. We just wanted a black president no matter what.”
But “we should have been more careful,” he added, “as his views on small business are counter to ours.”
Complained Alford, as quoted in the new best-seller “The Amateur: Barack Obama in the White House”: “His view of business is that it should be a few major corporations which are totally unionized and working with the government, which should also be massive and reaching every level of American society.”
In short, Obama has little use for entrepreneurs.