By Ruth Marcus
Wednesday, September 15, 2010
It is taken as gospel among politicians of both parties that small business is the engine of job creation. "We're starting with small businesses because that's where most of the new jobs do," President Obama said this year. "Small businesses are the job generator of America," echoed Arizona Republican Sen. John McCain.
They're in good company. George W. Bush, John Kerry, Bill Clinton and Ronald Reagan have all made that claim. Only one problem: These assertions are overblown and simplistic. Take it from a reliable source -- the chief economist for the Small Business Administration's Office of Advocacy. "It's not true," Zoltan Acs told me when I asked about whether small business is, in fact, the engine of job creation. "It's half the story."
Full story:
http://www.washingtonpost.com/wp-dyn/content/article/2010/09/14/AR2010091405459.html
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