With Friends Like This, Who Needs Enemies?

A series of quotes about the position of small business in the economy.
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What President Clinton had to say about small business in his State of the Union address: "Our immediate priority must be to create jobs, create jobs now. . . . Because small business has created such a high percentage of all the new jobs in our nation over the last 10 or 15 years, our plan includes the boldest targeted incentives for small business in history."

So why, Mr. President, has every major policy initiative coming from your administration promised to add to the financial burdens of employers who create jobs?

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With Experts Like This, Who Needs Ignorance?

What Professor James Medoff, a labor economist at Harvard, had to say about small business during a recent interview on National Public Radio: "This [small-business-job generation] is a myth. It's the myth that is used to justify the exemptions from various federal and state and local regulations. . . . The evidence all indicates that the quality of the jobs is very much better when the employer is large -- better pay, better fringes, more job security -- and the government helps that fact be true by policing much more big employers than small employers."

So what exactly happened to the 2.8 million employees who disappeared from the payrolls of Fortune 500 companies in the 1980s? I suppose they're all just out on family leave.

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With Competitors Like This, Who Needs Friends?

What Fortune had to say about small business in a recent article on "The Real World of the Entrepreneur": "To its fans, small business is the hero of the new economy -- engine of growth, generator of jobs, spark of progress. Dissenters call it a swamp of lousy wages, benefits, and working conditions. But few cheerleaders or critics venture out to see firsthand what the men and women who run these companies are doing. We did. . . . The experience has put us squarely with the cheerleaders."

Cheerleaders? Keep this up, guys, and you're gonna give the Laker Girls a bad name.

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Last updated: Jun 1, 1993




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