Why is the startup rate so low? The answer lies in Washington and the policies implemented in the wake of the 2008 financial crisis that were, ironically, intended to grow and stabilize the economy. These include but are not limited to the mammoth Dodd-Frank financial reform law, auto bailouts, green energy subsidies, the $800 billion American Recovery and Reinvestment Act, numerous antibusiness National Labor Relations Board decisions, and of course ObamaCare….
ObamaCare is slowing economic recovery in many ways, ranging from implicitly increasing tax rates on individuals to hindering business growth by creating incentives for small business to remain below 50 employees or to only hire part-time workers. In larger businesses and corporations, uncertainty about the future of health-care costs is holding back investment and hiring.
via Edward Prescott and Lee Ohanian: U.S. Productivity Growth Has Taken a Dive – WSJ.com.
Utopia, you are standing in it! 
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