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Small business - an engine for progress ???

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    We've been hearing a lot lately about how small business is a major producer of jobs. This comes from our political gurus who are trying to curry favor with that segment of the population ....How true is it ? The Nov. 28th issus of , The Week, carries a piece from the Wall St. Journal which reads as follows..... "Less that one quarter of America's small businesses have employees. An even smaller portion grow beyond 20 employees. Research from the University of Chicago finds that 75% of small- business owners aren't aiming for growth at all, but are simply looking for a steady job as their own boss "......I would guess that the politcal malarkey is an attempt by the pols to deflect criticism that they have, and are, sitting on their hands while American capitalists have ( they're still at it ) dismantled the nation's industrial capabilty and shipped it to places like China and Bangladesh in search of cheap, and sometimes , slave llabor. A nation's prosperity is based on the tangible goods it produces. This idea has been dealt a crippling blow here in recent years. We can't prosper as a nation by selling each other hamburgers.

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    Very true Leftofcenter, and I have heard that so much over the years that SMALL business is the creator of jobs. The problem with those words is that there is no one true definition of a small business. I mean is it below a certain number of employees, or below some amount of money invested in its assets and operation, or some other variable that differentiates it from big business? And, is there any defined business size between small and big business. If someone, or a small group of individuals requests status as a small business, and gets a small-business loan, and are paying it back, what circumstances could change so that the government asks for total repayment because the company is no longer considered a small business. Or is it "once a small business, aways a small business"? Most of the largest businesses in the United States began as much smaller businesses and grew and expanded. I believe the government and industry should get together to form national laws that define these things, and how they might or might not change over the life of any business. I think this would go a long way toward eliminating any uncertainty for those who choose to begin their own business.