Entrepreneurs: Leading the Way Out

Leading the Way Out

An Op/Ed By Greg Pesci

Entrepreneurs, free to pursue their economic dreams, built America! They are, and always have been, its creators of jobs, growth, and wealth.

In 1831, Alexis de Tocqueville wrote in Democracy in America:

"It may be said that, in the United States, there is no limit to the inventiveness of man to discover the ways of increasing wealth and to satisfy the public’s needs." He continued, "the primary reason for [America’s] rapid progress, their strength and greatness is their bold approach to industrial undertakings." What impressed De Tocqueville most about business in America was "not so much the marvelous grandeur of some undertaking as the innumerable multitude of small ones."

Data from the Census Bureau (Business Dynamics Statistics) demonstrate that since 1977 American entrepreneurs in firms less than five years old have been responsible for literally all the net job creation in this country. For more than 30 years, new companies have led job creation in America. Recently, Carl J. Schramm of the Kauffman Foundation stated, "new and young companies and the entrepreneurs that create them are the engines of job creation and eventual recovery." With 9.8 percent unemployment, if we want to create jobs in America we need to free up entrepreneurs and not burden them with increased taxes or regulation.

Especially encouraging during these hard times is evidence that past recessions have not prevented entrepreneurs from founding companies and creating jobs. Since 1977, America has averaged roughly 600,000 new firms formed each year. Through good times and bad, that number has remained fairly constant. Even more encouraging for today’s entrepreneurs is the fact that half of today’s Fortune 500 companies were founded in a recession or bear market.

In the 1970s, conventional wisdom said that America’s time as a vibrant, innovative economy had passed. We experienced Vietnam, Watergate, high interest rates, high unemployment, and double-digit inflation. We were told ours was a future of scarcity and sacrifice, and that what we really needed was increased government control and higher taxes (sound familiar?). President Carter presided over a period of general "malaise."

Yet, in the midst of this "malaise," a different future was being created. Entrepreneurs in the private sector were busy founding new companies and innovating. These entrepreneurs had the faith and guts to take action and pursue their dreams. Their innovations were a powerful force for leading America out of the malaise and into economic growth. Maybe you have heard of a few of the companies founded during this period when supposedly America’s best days had passed: Apple; FedEx; Microsoft; and Southwest Airlines. The efforts of these entrepreneurs have stood the test of time. All four of these companies were listed on Fortune’s 2009 List of the 10 Most Admired Companies in the world.

The efforts of today’s entrepreneurs hold the same promise for America’s future. They are not looking to the government to create jobs or waiting for others to do so. They are out there, by the hundreds of thousands, creating jobs for themselves and others. These Americans are generating the innovations that will refresh and renew our economy. A future "Google" is being created right now.

Following are just two of the reasons I believe this to be true. First, entrepreneurship is not just for the young. This is an important fact for an aging America. A Kauffman Foundation report states that the average age of U.S.-born tech company founders is 39 years old. More than twice as many founders were older than fifty than were younger than twenty-five. Between 1996 and 2008, more people between the ages of fifty-five and sixty-four started businesses than did people between the ages of twenty and thirty-four. These "seasoned" entrepreneurs bring considerable life experience and wisdom to the tasks of innovating and starting new businesses that create jobs.

Second, despite the sometimes politically charged discussions surrounding it today, history demonstrates that immigration has fostered entrepreneurship in America. If we can settle on a reasonable and enforceable immigration policy, it can continue to do so into the future. Many of the world’s best and brightest still want to come here and we should welcome them. Immigrants are much more likely to work as entrepreneurs, creating small businesses and associated jobs. In every census from 1880 to 1990, immigrants were more likely to be self-employed than natives. And they are starting a disproportionate number of high tech, science-driven companies. A recent study from Duke and UC Berkeley found that 52% of engineering and technology startup companies founded from 1995 to 2005 in Silicon Valley had one or more immigrants as a key founder. These new immigrants remind us of what is so great about this country, and why our ancestors came here.

Perhaps President Reagan best described how entrepreneurs can lead this country to a better day:

Entrepreneurs have always been leaders in America. They led the rebellion against excessive taxation and regulation. They and their offspring pushed back the frontier, transforming the wilderness into a land of plenty. Their knowledge and contributions have sustained us in wartime, [and] brought us out of recessions... Governments reduce deficits by controlling spending and stimulating new wealth, wealth from investments of brave people with hope for the future, trust in their fellow man, and faith in God.

Entrepreneurs will lead the way out. Bring on the entrepreneurs!

On the radio program this week, Glenn Beck and Pat Gray discussed a series of recent polls that suggest presidential nominee Joe Biden's expected lead may be slipping with traditionally Democratic voters.

A new poll conducted by the Jewish Electorate Institute shows that two-thirds of Jewish voters still plan to vote for the Biden-Harris ticket in November. However, President Donald Trump's support within the Jewish community is also the highest among any Republican candidate in recent history.

In more bad news for Biden, a CNN poll (yes, CNN) released last month showed growing support for President Trump among black voters in swing states. Meanwhile, his support among Latino voters remains at roughly 33%.

"I don't think it's going to go the way the Democrats hope that it will," Glenn said of the election. "If you look at the groups that the Democrats have carefully fostered ... that's falling apart. If Donald Trump can grow that by 5%, and hurt the Democrats by 5% ... that alone could swing the election."

Watch the video below to catch more of the conversation:

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We're being set up for a civil war. The Left is grooming us for an Eastern European-style revolution this election, and they're not even trying to hide it any more. The playbook for Mainstreet USA is the exact same that has been used in places like Ukraine, initiated by the same people in order to completely upend the American system.

On his Wednesday night special this week, Glenn Beck takes us through a tale of three chalkboards that will connect the dots: the Obama admin in Ukraine, the State Department's relationship with George Soros, Black Lives Matter and Antifa riots, the Great Reset, public school indoctrination, mail-in voting. It all points to something dangerous happening in November if we don't act now.

Watch the full video below:


The only way to watch the extended episode of tonight's show is on BlazeTV. Start your free trial and get $20 off a one-year subscription with code BANTHIS.

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The left has already determined that the wildfires raging across the West Coast were definitely caused by climate change and Big Tech is determined to silence anyone who dares suggest otherwise. Facebook even announced a sweeping policy on Saturday to remove posts that claim the fires were caused by arson from far-left activists.

But on his radio program Wednesday, Glenn Beck revealed multiple arrest records for suspected arsonists in California, Oregon, and Washington — and several of those charged and arrested were also instigators in Black Lives Matter rallies, violent protests, and Antifa riots. He also called out the "news gods" in Big Tech, daring them to try to censor his video.

"I asked my staff, to see if there was any evidence [of arson] on the fires. And I don't mean evidence from Twitter. I mean evidence. Is there anybody who has been arrested for arson?" Glenn said. "Well, here they are. And YouTube and Facebook, go ahead. I want you to demonetize this clip. I want you to somehow or another say that we're lying. I want you to throttle this. Go ahead. Because then you're going to have to explain what we got wrong. And I happen to have all the documents right here. So my attorney is really ready for that throttling or demonetization. You say you're a protector of the truth? Great, here it is."

Glenn read off the first 10 arrest records, which combined allege the destruction of more than 120,000 acres and 700 structures, as well as tens of thousands of people evacuated from their homes.

"You want to tell us, PolitiFact, how you came to the conclusion ... that there was no arson in these fires?" Glenn asked. "Can you tell me how you came to that conclusion? Because your fact-check seems to be entirely false."

Watch the video below for more details:


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Former White House press secretary Sarah Huckabee Sanders joined Glenn Beck on this week's podcast to share her unique perspective as a trusted adviser and confidante to President Donald Trump for two and a half years, which she also details in her new book, "Speaking for Myself: Faith, Freedom, and the Fight of Our Lives Inside the Trump White House."

Sarah described the unprecedented levels of corruption she saw firsthand during the Russia probe and shocking lengths to which Democratic leaders and the mainstream media would go to "take the president down."

Sarah said she often saw sides of Donald Trump that the media never covered. Recently, she went on the record denying the Atlantic's claims that the president mocked our military during a 2018 trip to France. She was on that trip, she told Glenn, and her account of what really happened paints a very different picture.

"The people who are making this outrageous charge are such cowards for doing so in an anonymous way. If you really believed this, and believed it was wrong, one, why did it take you so long? And, two, put your name on it the way the rest of us have," Sarah said.

"He didn't say those things. Not only was I there that day, Glenn, I spent two and a half years traveling all over the world with the president, watching him interact with men and women of our armed forces almost every single day during that two-and-a-half year period," she added.

"This is a person who loves America and loves the people who allow the rest of us to live in America, free, and have prosperity. And I got to see that a lot. I think it is shameful that people are trying to distort who he is and what he has done, particularly when it comes to the men and women in the military."

Watch a clip from the full interview with Sarah Huckabee Sanders below:

Find the full podcast below, on Glenn's YouTube channel or on Blaze Media's podcast network.


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