At last Friday's opening of the Global Entrepreneurship Summit in Palo Alto, President Obama said that "entrepreneurship is the engine of growth". Well, that's interesting, because during his presidency, entrepreneurship has been woefully slow. To that point, I present the following chart from the Kauffman Foundation, that has been tracking the growth of entrepreneurship in this country for nearly two decades.
This is just another reason why Barack Obama will go down in history as the fourth worst President when it comes to the economy. I personally believe that Dodd-Frank's heavy hand on mortgage lending is the reason for the lack of business startups, because often, people were able to borrow against their homes in order to start a new business. Now those lending requirements are very tight.
Obama, Zuckerberg promote entrepreneurship at global summit at Stanford University: http://www.upi.com/Top_News/US/2016/06/25/Obama-Zuckerberg-promote-entrepreneurship-at-global-summit-at-Stanford-University/5731466873146/
Startup Activity Report, Charts & Graphs: http://www.kauffman.org/microsites/kauffman-index/media/charts-and-graphs/startup-activity
Barack Obama's Sad Record on Economic Growth: http://www.realclearmarkets.com/articles/2016/02/01/barack_obamas_sad_record_on_economic_growth_101987.html
What is the Dodd-Frank Act? How does it affect me? | Investopedia: http://www.investopedia.com/ask/answers/13/dodd-frank-act-affect-me.asp