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!

The Supreme Court slapped down New York Democratic Gov. Andrew Cuomo's COVID-19 restrictions on religious gatherings Wednesday, arguing that strict limitations on the number of people in churches, synagogues, and other houses of worship — while liquor stores, bike shops, and many other non-religious places face few or no restrictions at all — are in violation of the First Amendment.

On the radio program Monday, Glenn Beck and Stu Burguiere applauded Justice Amy Coney Barrett, who reportedly cast the deciding vote in the 5-4 ruling, as well as Justice Neil Gorsuch who took specific aim at Gov. Cuomo for limiting religious gatherings to as few as 10 people in some areas, while imposing "no capacity restrictions on certain businesses he considers 'essential'."

"It turns out the businesses the Governor considers essential include hardware stores, acupuncturists, and liquor stores," Gorsuch said. "Bicycle repair shops, certain signage companies, accountants, lawyers, and insurance agents are all essential too."

"Government is not free to disregard the 1st Amendment in times of crisis," Gorsuch wrote in a separate opinion.

Gov. Cuomo has since called the Supreme Court ruling "moot" and "irrelevant" because he had recently lifted restrictions in most of the affected areas.

"This is a trick they play all the time. They've done this with Second Amendment cases as well," Stu noted. "They'll put a ridiculous restriction in that's obviously not constitutional, keep it in place for a year while it goes through the courts, and right before it gets to the Supreme Court they withdraw the rule. So then the case gets thrown out because it's moot."

Watch the video below for more details:


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Hey Joe, THIS is how you handle terrorists

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If you haven't seen the new Apple TV+ drama Tehran, it's definitely worth your time. It tells the story of an Israeli spy who sneaks into Iran to set up an attack on Iran's nuclear program. Now that the new Bond movie is delayed, this show has a little bit of everything to hold you over: international spies, hackers, double agents.

But I digress...

No matter how Hollywood tries to invent these stories — and this one is definitely good — they always fall short of what happens in real life. What happened in Iran this past Friday is a movie waiting to happen.

What happened in Iran this past Friday is a movie waiting to happen.

Iran's top nuclear scientist, Mohsen Fakhrizadeh, was assassinated as he was traveling to his private villa just a few miles east of Tehran. The operation involved a team of over 60 people. Around 50 logistical support agents backed up a dozen gunmen. They knew everything. His schedule, his private address, his classified movements, the route...

Fakhrizadeh was traveling in the middle of three armored vehicles. When they approached the ambush site, the hit team cut off all the electricity in the surrounding area. A car bomb was then remotely detonated, taking out the rear vehicle in the convoy. 12 gunmen proceeded to open fire on the other two cars. Iran's top nuclear scientist was dead, and NONE of the hit squad were wounded or arrested.

Now you can already guess where the blame is being directed this morning. Almost immediately, the fingers began to point at both Israel and the United States. The mainstream media is trying to paint this as an effort by Trump to sabotage a Biden effort to restart the Iran Nuclear Deal. Remember that "masterful" stroke of Middle East foreign policy? You know, the deal that included $150 BILLION — in cash — that Obama and Biden knew would be used to kill Americans and destabilize the entire region. Remember that?

They said it was impossible... but Trump did it.

They claimed their way was the only path to peace. What did they get from it? Iran spread out all the way to the literal doorstep of Israel. The elite Iraqi troops of the Republican Guard were staging in Syria, plotting that ultimate attack to take back Jerusalem. The entire region was set to explode... but then Trump scuttled the deal. What did it lead to? Historic peace agreements between the Arab world and Israel.

They said it was impossible... but Trump did it. He reimposed sanctions and launched a campaign to kill terrorists rather than give them money.

John Brennan took to Twitter this weekend to call the assassination a criminal act.

It echoes what they said when the top terrorist in the world — Qassem Soleimani — was assassinated in Iraq. Coincidentally, the Iranian government published artwork over the weekend depicting Soleimani and the, now dead, nuclear scientist standing side by side.

You see, now matter how people like Brennan and Biden might try and say otherwise, this is exactly the type of person Iran's "Robert Openheimer" was: a terrorist in the same category as Soleimani (but obviously with a lot more dangerous capability).

Iran has been protecting this man for two decades. They called him merely "an academic," but denied the UN IAEA inspectors to ever question him.

The rhetoric Iran fed the global community was that their nuclear program didn't have anything to do with weapons, and that this nuclear scientist was involved in research to improve their energy programs. But in 2007, the CIA said this was a cover story. In 2008, the United States froze his assets, and the IAEA made it public that this scientist was leading Iran's nuclear weapons project.

Iran called it "Projects 110 and 111." Fakhrizadeh was tasked with finding out how to miniaturize a nuclear warhead and make it durable enough so that it could survive re-entry into the atmosphere on top of an ICBM.

There can be no accommodation with terrorists.

Obama and Biden's nuclear deal didn't stop ANY of this. Israel revealed in 2018 that Projects 110 and 111 continued. Fakhrizadeh was specifically called out as still being the main man in charge.

Biden thinks his policy of accommodation will somehow bring us the peace that Neville Chamberlain once thought was possible with Hitler. When has this borne fruit with any maniacal tyrant or terrorist... ever?!

And that's exactly what Iran and their thugs are. They're terrorists! They're not a legitimate regime. Long before ISIS, the terrorists in Iran stole a country, planning to spread their caliphate all over the world. Members of Al Qaeda, despite being Sunni, enjoy free sanctuary under their protection. They want to burn Israel to the ground. They chant "death to America"... It's actually a holiday there.

There can be no accommodation with terrorists. Biden wants peace with Iran, and he'll probably roll out a red carpet and offer them a few hundred billion more dollars. We know this doesn't work. To quote Reagan, "there's one way to have peace and you can have it in this second... surrender."

That's how you deal with terrorists, and — whether we were involved or not — another one was just taken out.

How does a sports writer know how to fix America, and America's racial dilemma?

In a special edition of the "Glenn Beck Radio Program," Outkick sports columnist Jason Whitlock filled in Tuesday for Glenn to explain how we can bring America back together, lean into racial harmony, and restore the values of our Founding Fathers. Because if not us, then who will?

Jason started out by explaining how, during a recent appearance on the program, he felt a spiritual connection with Glenn, regardless of physical differences, as both share a common passion for God and country.

"Glenn and I share a kindred spirit. A kindred passion," Jason said. "We have two things that we love and are passionate about: God and country. I am not a minister. I'm a flawed sinner just like Glenn and just like you. But I am a believer. Believers share an energy that connects them, that cuts through our physical differences and makes those differences irrelevant relevant. That's what I felt when I met Glenn, an energy and a spirit that connects us. We are broadcasters, media personalities, operating in separate spaces, trying to talk to Americans, who share our passion."

Jason went on to say that he believes there are forces operating, both outside of and inside America, that are working to separate America from God, and that much of what we've witnessed in 2020 — from the racial division stirred by the mainstream and social media, to the rioting and looting by Antifa and Black Lives Matter, to the "remaking of the sports world into a shrine that celebrates resisting criminal suspects and denigrates this great country at every turn" — are symptoms and consequences of America's enemies separating God and country.

"We are one nation under God. We are nothing without Him," Jason continued. "The flawed sinners who founded this nation baked God into this country with their Declaration of Independence. We hold these truths to be self-evident, that all men are created equal. That they are endowed by their creator with certain unalienable rights. That among those, are life, liberty, and the pursuit of happiness. The foreign and domestic enemies of this nation are baking a new American cake. God isn't an essential ingredient in this new cake. He isn't an ingredient at all. The removal of faith is sewing the disharmony that is terrorizing and destroying the United States of America.

"Why am I here today? I'm here to tell you how we take our country back, how we restore the freedoms and the liberties our enemies seek to remove in their remaking of a godless America."

Watch the video below to hear more from Jason Whitlock:

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One of the most shocking things British journalist, political commentator, and author of "The Madness of Crowds," Douglas Murray witnessed during his recent stay in America, was how many Americans are acting as if they live in 1930s Germany or behind the Iron Curtain, afraid to stand up and speak out because they're afraid of the consequences.

Murray joined the "Glenn Beck Podcast" this week to explain why he believes the state of America is actually worse than we realize, and how the Left's obsession with rewriting history has ushered in guilt, fear, and a "silent majority."

Murray said he's particularly "fed up" with those on the Right who are afraid to voice their opinion because they don't want to become the target of leftist mobs on social media.

"Do you think anyone in history who told the truth had an easy time? You've got the easiest time that any opposition movement ever did in history," Murray said.

"You cannot have these people in America living in a free society — which is for the time being free — pretending that they live under the circumstances of Jews in 1930s Germany," he added. "Speak up. Speak out. Don't be a silent majority; be a very damn noisy majority. And don't put up with the oppression of people who are totally insincere ... they want to make money. They want to win. Nothing more. Call them out ... and get back to what you should be doing as a nation."

Watch the full interview with Douglas Murray below:



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