Political Wire

  • Front Page
  • Members
    • Subscribe
    • Sign In
  • Trending
  • Resources
    • Politics Extra
    • Political Job Hunt
    • Political Dictionary
    • Electoral Vote Map
  • Advertise
  • Newsletter
  • Contact Us
You are here: Home / Economy / Busting the Myth of Small Business
Members should sign in for the full experience.

Busting the Myth of Small Business

September 29, 2011 at 12:33 pm EDT By Taegan Goddard Leave a Comment

While extolling small business “might be a good way for politicians to win elections,” Bloomberg Businessweek notes that “the notion that small business is the force behind prosperity is not true.”

“Most small employers are restaurateurs, skilled professionals or craftsmen (doctors, plumbers), professional and general service providers (clergy, travel agents, beauticians), and independent retailers. These aren’t sectors of the economy where product costs drop a lot as the firm grows, so most of these companies are going to remain small.”

FavoriteLoadingSave to Favorites
  • Bluesky
  • X
  • Threads
  • Facebook
  • Email

Filed Under: Economy


You're reading the free version of Political Wire

Upgrade to a paid membership to unlock full access. The process is quick and easy. You can even use Apple Pay.

Upgrade Now

  • ✔ Become a member to get many great benefits -- exclusive analysis, a trending news page, a private podcast, no advertising and more!
  • ✔ If you're already a member, log in for the full experience.



Recent Posts

Alex Jones Condems Trump Over Epstein ‘Cover-Up’

July 8, 2025 at 5:59 am EDTJuly 8, 2025 at 5:59 am EDT

Alex Jones broke down in tears in a video reacting to a new Trump administration memo about Jeffrey Epstein, asserting that there was no incriminating client list. Said Jones: “I…

Big, Beautiful Backlash

July 8, 2025 at 5:45 am EDT

Punchbowl News: “Trump and GOP congressional leaders got the big spectacle they wanted on July 4. A White House signing ceremony for the One Big Beautiful Bill, lots of flags,…

IRS Says Churches Can Endorse Candidates

July 7, 2025 at 8:54 pm EDT

“The IRS said on Monday that churches and other houses of worship should be allowed to endorse political candidates to their congregations, carving out an exemption in a decades-old ban…

Trump Says U.S. Must Send More Weapons to Ukraine

July 7, 2025 at 8:46 pm EDTJuly 7, 2025 at 8:49 pm EDT

“President Donald Trump said Monday the U.S. will have to send more weapons to Ukraine, just days after ordering a pause in critical weapons deliveries to Kyiv,” the AP reports….

Netanyahu Nominates Trump for Nobel Peace Prize

July 7, 2025 at 8:41 pm EDTJuly 7, 2025 at 9:02 pm EDT

“Israeli Prime Minister Benjamin Netanyahu said Monday that he had sent a letter to the Nobel Prize Committee to nominate President Donald Trump for the peace prize,” Fox News reports….

U.S. to Resume Diplomatic Talks with Iran

July 7, 2025 at 8:40 pm EDT

“President Trump said the United States and Iranian officials will be meeting soon, returning to diplomacy after the U.S. bombed Iran’s nuclear sites and the country retaliated,” USA Today reports….

Waltz Finally Gets Senate Hearing for U.N. Post

July 7, 2025 at 8:39 pm EDT

“President Trump’s former national security adviser Mike Waltz is scheduled to appear before the Senate Foreign Relations Committee next Tuesday or Wednesday for his confirmation hearing to be ambassador to…

Trump Looks to Avoid Casting Blame in Texas Flood

July 7, 2025 at 8:34 pm EDT

“When a hurricane hit North Carolina last year, Donald J. Trump claimed without evidence that the Biden administration was avoiding helping residents in Republican areas. When wildfires burned through Los…

Trump Sends Markets Tumbling Again

July 7, 2025 at 5:30 pm EDT

Punchbowl News: “Trump can’t resist being in the middle of everything. Trump sees his presidency as driving the news, always being at the center of attention. Trump wants everyone —…

Trump Defends Bolsonarro

July 7, 2025 at 5:04 pm EDTJuly 7, 2025 at 5:16 pm EDT

President Trump lashed out at Brazil for the “terrible thing” it’s doing to its former president, Jair Bolsonaro, who is accused of running a criminal spy ring. Said Trump: “I have…

July 4th Special

July 7, 2025 at 5:00 pm EDTJuly 7, 2025 at 5:33 pm EDT

Last chance: If you’ve been considering becoming a Political Wire member — and getting all the great benefits — I’m pleased to offer a special 20% discount of an annual…

Veterans Affairs Reverses Course on Large-Scale Layoffs

July 7, 2025 at 4:58 pm EDT

“The Department of Veterans Affairs said Monday that it will no longer be forced to conduct a large reduction in workforce, unlike several other federal agencies that were forced to…

It’s Hard to Create a Third Party

July 7, 2025 at 4:50 pm EDTJuly 7, 2025 at 4:56 pm EDT

“Launching a new national political party in the United States may be more difficult than sending a man to Mars,” the New York Times reports. “Elon Musk, the world’s richest…

Sean Patrick Maloney Mulls Comeback Bid

July 7, 2025 at 4:38 pm EDTJuly 7, 2025 at 4:41 pm EDT

Former Rep. Sean Patrick Maloney (D-NY) is considering challenging Rep. Mike Lawler (R-NY) in New York’s 17th congressional district, Axios reports. “Maloney’s entrance into the race would give Democrats a…

Eleanor Holmes Norton’s Staff Walks Back Things She Says

July 7, 2025 at 4:00 pm EDTJuly 7, 2025 at 4:48 pm EDT

Michael Schaffer: “For people interested in how Washington works, it’s an increasingly common issue in our era of gerontocracy: Just how are you supposed to interact with an elected official…

Democrats Want Their Party to Fight Dirty

July 7, 2025 at 3:09 pm EDTJuly 7, 2025 at 3:10 pm EDT

“At town halls in their districts and in one-on-one meetings with constituents and activists, Democratic members of Congress are facing a growing thrum of demands to break the rules, fight…

Is the Hispanic Red Wave for Trump Starting to Crash?

July 7, 2025 at 3:07 pm EDT

New Yorker: “In the Rio Grande Valley, bordering Mexico, ICE raids have emptied construction sites and restaurants. Recently turned Republicans are beginning to have doubts.” Save to Favorites

U.S. Pouring Military Aid Into Building IDF Airbases

July 7, 2025 at 3:03 pm EDT

“The United States is building infrastructure to accommodate the Israel Air Force’s new refueling aircraft and helicopters, as well as a new headquarters for the Israeli army’s Shayetet 13 naval…

MAGA Stunned by Officials Debunking Epstein Theories

July 7, 2025 at 3:00 pm EDT

“The MAGA movement erupted in disbelief Monday after top administration officials said convicted sex offender Jeffrey Epstein had not blackmailed elite figures, kept a ‘client list’ or been murdered in…

Israel Thinks Trump Could Approve Another Iran Attack

July 7, 2025 at 2:38 pm EDT

“Israel is preparing for the possibility of further military action if Iran tries to revive its nuclear program, and Israeli officials think President Trump could greenlight renewed Israeli attacks,” Axios…

« Christie Decision Could Come Next Week
Is Bachmann Running Out of Money? »

Get Smarter About Politics

Members get exclusive analysis, a trending news page, the Trial Balloon podcast, bonus newsletters and no advertising. Learn more.

Subscribe

Your Account

Sign in

Latest for Members

  • A Conspiracy Theory That Won’t Die
  • Why Elon Musk’s Third Party Is Doomed
  • Can Democrats Weaponize Trump’s Big, Beautiful Bill?
  • For Your Weekend Listening
  • Happy 249th!

About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

Praise for Political Wire

“There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them.”

— Chuck Todd, host of “Meet the Press”

“Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all.”

— Stuart Rothenberg, editor of the Rothenberg Political Report

“Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

— Charlie Cook, editor of the Cook Political Report

“The big news, delicious tidbits, pearls of wisdom — nicely packaged, constantly updated… What political junkie could ask for more?”

— Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.

Copyright © 2025 · Goddard Media LLC | Privacy Policy | Corrections Policy

Political Wire ® is a registered trademark of Goddard Media LLC