How many new jobs do entrepreneurs create? According to the Bureau of Labor Statistics, startups in their first year of existence currently create around 2.5 million new jobs a year in the U.S., but that's down by nearly half from the boom times.
The president has a rare opportunity to lead this economy into a period of sustained growth. He can do it by sending a message to small businesses that, rather than making scapegoats of job creators, Washington will be a reliable partner.
The burning policy question at the center of all this is what effect will an increase in the top individual tax rate have on small business job creation. Democrats say not much. Republicans say a great deal.