South By North Strategies, Ltd.

A recent story by McClatchy Newspapers reported on how the fundamental economic problems facing American small businesses is not “uncertainty” about governmental policies and taxes, but rather other factors like poor sales.

McClatchy reached out to owners of small businesses, many of them mom-and-pop operations, to find out whether they indeed were being choked by regulation, whether uncertainty over taxes affected their hiring plans and whether the health care overhaul was helping or hurting their business.
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Their response was surprising.
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None of the business owners complained about regulation in their particular industries, and most seemed to welcome it. Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-09 and its grim aftermath.