Entrepreneurs Face Major Headwinds Due to Big Government Policies
This story was originally published by Real Clear Wire
By Alfredo Ortiz
Real Clear Wire
The specter of stagflation has returned. On April 25th, The Bureau of Economic Analysis announced that GDP only grew by 1.6% in the first quarter of this year, well below expectations.
Consumer spending on goods actually declined in the quarter as ordinary Americans are financially tapped out. The report also showed inflation remains stubbornly high, continuing a recent trend of resurgent inflation running about twice the Federal Reserve’s target rate.
American small businesses are the biggest victims of the stagflationary economy, which is being weighed down by big government policies. This was the most important storyline coming out of this Month’s National Small Business Week.
