Pajamas Media » Small Business to Get Short Shrift from Obama Administration

A glimpse into small business' future.

Pajamas Media » Small Business to Get Short Shrift from Obama Administration

Small Business to Get Short Shrift from Obama Administration

Entrepreneurs will face a slew of new taxes, a stifling regulatory environment, and politicians who bail out the well-connected.

January 24, 2009 - by Tristan Yates

As the Ford Motor Company prepares to cash its first multi-billion dollar corporate welfare check and hand part of it over to the union, it’s easy to forget that almost exactly a century ago, this multi-billion dollar behemoth with 240,000 employees was just another young small business with big dreams about to launch its next product.

While many small businesses fail, including Henry Ford’s first two attempts, a precious few survive, thrive, and then change the world, creating hundreds of thousands of jobs in the process. Just about all of the great American companies were once mere dreams in the mind of an entrepreneur. Microsoft, Apple, Intel, McDonald’s, and WalMart are but a few examples.