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Obama Small Business

In: Social Issues

Submitted By icecoldstar
Words 1249
Pages 5
The day Barack Obama took over the oval office, the entire nation was thrilled to see someone with much better judgment, charisma and let alone intelligence to operate the nation during the country’s worst economy recession since the Great Depression. When the Obama Administration stepped into the office, many believed that the priority for this administration is to turn the country around from this horrific recession that the entire world was facing at the time. Today, I would like to discuss Obama Administration’s policies that are affecting the ability for entrepreneurs to start, operate and make successful a business.
First of all, entrepreneur is an integral element of the United States’ economy. Most entrepreneurs are small businesses, and small businesses are extremely important to the country. Small businesses create a tremendous amount of job opportunities which has given plethora of people a chance to achieve financial stability. Small businesses are also essential elements for the country’s revenue, out of all the companies listed in Fortune 500, a great portion of those companies started by entrepreneurs who had abysmal amounts of asset but great visions. In regards to Obama Administration’s policies on small businesses, it seems that President Obama also believes that small businesses are exceptionally vital to the nation’s well being as he stated in a statement that “one of the biggest drivers of employment that we have”. In order to help the entrepreneurs as well as revive the job market during the time of economy downturn, the Obama administration had sought to extend loan aid and tax breaks to small businesses and to create a new tax credit for hiring new workers. This gesture by the Obama Administration clearly reflects the Presidents point of view in regards to entrepreneurs. President Obama believes that in order to restore all the job losses and

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