Obama leaves out a few facts about Joe the Plumber and other small business owners. Here they are:
http://www.sba.gov/advo/stats/sbfaq.pdf
Small fi rms:
• Represent 99.7 percent of all employer firms.
• Employ about half of all private sector employees.
• Pay nearly 45 percent of total U.S. private payroll.
• Have generated 60 to 80 percent of net new jobs annually
over the last decade.
• Create more than half of nonfarm private gross domestic
product (GDP).
• Hire 40 percent of high tech workers (such as scientists,
engineers, and computer workers).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.3 percent of all identified exporters and produced
28.9 percent of the known export value in FY 2006.
• Produce 13 times more patents per employee than large
patenting fi rms; these patents are twice as likely as large
firm patents to be among the one percent most cited.
This is what Obama forgot (if he ever knew it) while talking to Joe and this is what those who work for small business - 1/2 OF AMERICA'S WORKFORCE - are now chewing over. "Will my check be fatter under Obama (after he spreads my boss's wealth around), or should my boss spread his wealth around to me??" I believe Obama is going to find out just how quick this worker will answer this question.
