January's Wells Fargo/Gallup Small Business Index survey has me more frightened than ever about America’s future.
I already knew that our GDP was stalling, if not falling. The Department of Commerce reported recently that GDP declined in the fourth quarter of last year, at an annualized rate of 0.1%. Meanwhile a minimum GDP of 2.5% is required just to tread water economically, in my view, though I think we really need GDP growth of about 4.5% to get the economy humming again.
And I already knew that unemployment was stuck at right around 8%; when you add in those who are “underemployed,” according to Gallup data, it jumps to 17%. These figures tell the story of what was a prosperous and stable democracy that’s now going nowhere.
To read the original article: The Secret Weapon That Will Save U.S. Entrepreneurship | LinkedIn
