A new report from the Brookings Institution shows that business creation in the US is way down, and in fact more businesses are going under and closing-up shop than being created. This is the lowest amount of business created since 1978.

“Firms and individuals appear to be more risk averse too—businesses are hanging on to cash, fewer people are launching firms, and workers are less likely to switch jobs or move.”

Brookings Institution recommends that the US government “adopt policies that better facilitate entrepreneurship”, but with Obama in office that will never happen. The only jobs that Obama truly creates are unaccountable, overpaid public government jobs.

A new Brookings Institution report indicates that businesses are shuttering their doors more quickly than new ones are popping up.

From the Washington Post:

The American economy is less entrepreneurial now than at any point in the last three decades. That’s the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.

Not only that, but during the most recent three