Sharon Young owns a small business in Oxford. In 2008, her business had 11 employees and was growing. Today, she is down to six, and is concerned about the future. “There is no incentive for me to grow my small business and create jobs because I am taxed and regulated to death,” she says.
Sharon’s story is not unique, in fact it is far too common and that is why our economy is still struggling. Losing five jobs at a small business in Oxford, seven more jobs lost somewhere else, 23 in another place has added up to 41 months of unemployment over 8 percent.
In the process, the number of Americans on food stamps has doubled.
This recovery is weaker and slower than any since the Great Depression.