IBD: Don't Diss Small Biz

INVESTORS BUSINESS DAILY, 08/25/2010 - Employment: We try not to comment on opinions expressed on our own op-ed page, but Wednesday's On The Left column asserting that small businesses are not major job-creators mustn't go unanswered. ∴ 'The myth of small business as the engine of job creation is largely that — a myth," Ruth Marcus wrote in support of higher taxes on those earning more than $250,000 a year. "Small businesses create new jobs when they start and take off; they also lose jobs when they crash and burn." ∴ With all due respect to Marcus, who is syndicated through the Washington Post Writers Group, we're in deeper trouble than we thought if this is what passes for conventional wisdom in our nation's capital. ∴ It's bad enough that President Obama, and even the U.S. Small Business Administration, low-ball the number of new jobs created by small businesses. Both put it at around two-thirds, when the real number, we believe, is around 85%. Read more at IBD...