Nuclear,

Do not let yourself be roped in by these s**ms.. they come with an orange tinge... That should be a clue..

Lots of other reports if you do not like this one..

https://reason.com/volokh/2018/08/27/no-black-business-ownership-didnt-increa

No, Black Business Ownership Didn't Increase 400% in One Year
PolitiFact has the details -- but in any event, the purported statistic was suspect on its face.
Eugene Volokh|Aug. 27, 2018 11:11 am

Last week, I saw a report that seemed enheartening but left me suspicious -- to quote one account, "According to the Minority 2018 Small Business Trends survey, the number of black-owned small businesses in the U.S. increased by a staggering 400% in a year-over-year time period from 2017 to 2018." This statistic was picked up by a variety of sites, including conservative/libertarian sites, publications aimed at black readers, and general business sites. Last Monday, I e-mailed the publisher (Guidant Financial) to ask for details, but didn't hear back, and I was traveling with family so I put off further inquiries until today.

But PolitiFact (Kyra Haas) beat me to it; here's a quick excerpt:

In November 2017, small business financing company Guidant Financial and online credit marketplace LendingClub Corporation sent out an email survey to their clientele nationwide; they received responses from about 2,600 "current and aspiring entrepreneurs." The companies both posted general articles about the results of that survey on their websites in January without making any distinctions about race or ethnicity except that 47 percent of "aspiring entrepreneurs" surveyed were minorities.

The 400 percent increase in black-owned businesses claim, however, was not made until a subsequent graphic was published on Guidant's website on Aug. 8.

It was not clear from the released results how the companies came up with the 400 percent jump. The percentage of African-American respondents who owned businesses was not published, nor was that figure from last year.

The survey sample was not random, the response was voluntary, and the margin of error was not made public....

PolitiFact contacted Guidant about the claim in the graphic on Aug. 21. Two days later, a new version of the graphic was posted, this time without any mention of a 400 percent increase.

"We have found that the 400% statistic is being misrepresented in its context and therefore we have decided to pull that statistic from our info graph," public relations consultant for Guidant Stacia Kirby said in an email....

There's thus no real reason to think that the 400% increase claim is correct -- and ample reason, regardless of your politics, to doubt it, simply because 5-fold increases in this kind of number in one year are just so wildly improbable. Even if you think President Trump's economic plan is stupendous, or, if you prefer, President Obama's economic plan is stupendous and is just bearing fruit, a change like this doesn't happen in one year.

Recall that the claim wasn't even about a 5-fold increase in new business formation, or, if you prefer, a 4-fold increase in new business formation misleadingly reported as a 400% increase -- the claim was about such an increase in the total number of black-owned businesses. Even rates of change don't generally increase so sharply; but the total amount of pretty much anything almost never increases that way in a large economy (setting obvious exceptions such as the amount of newly developed technological goods, or the number of people in some subcategory of a group that itself sharply increased as a result of a sudden burst of immigration).

More specifically, the Census Bureau reported that "The number of black or African American-owned firms grew 34.5 percent between 2007 and 2012 — from 1.9 million to 2.6 million in 2012." That's a healthy growth, a 6% yearly increase. Is it really likely that the number grew 400% instead in one year? Or assuming that the number held more or less constant from 2012 to 2016, that it grew by 10 million in one year after that? (The total black population in the U.S. is about 43 million, and only a small percentage of any ethnic group owns businesses.)

So whenever you hear a claim such as that one, your Spidey sense should start tingling. It's not just that it's good to be true, it's too big to be true.

Eugene Volokh is the Gary T. Schwartz Professor of Law at the UCLA School of Law and co-founder of the Volokh Conspiracy blog, now hosted at Reason.

I'm not elite, but I am scorned by the envious lefties because I was prudent in my youth and realized that saving and investing money was a good idea.
You h**e the Trump tax cuts? No law prevents you and your lefties from paying higher taxes. Pay all the taxes you want to feel good. Just don't count on me for your living just because I was prudent.
You'll wait a long time with your mouth open before a roast chicken flies into it.
Or, a lefty government throws one in it.
You have at least until 2025 to feed yourself.

Please enlighten us EmilyD: how many of those corporations actually gave meaningful raises to their employees...instead of putting the cash back into their profit margins? While you're at it, please explain how helping these corporations with such a huge break helps those who don't work for large corporations? Do you realize that with all the money these corporations make (billions) the tax break Trump gave them could have funded the Wall (<totally stupid idea) and Medicare for all? Finally, if Trump is such a great genius of a businessman, why do our farmers need $12 billion in welfare to stay afloat during Trump's tariff war with the rest of the world? $12 billion could fix a whole boatload of problems we already faced BEFORE Trump came with his tariff war. IMO he's not so smart afterall.....should have called his sleazy book: "The Fart of a Deal"

While you are so proud of the fact you gained more than many others from our government, it seems only rational that you would have no problem paying in line with good recieved..

You got more chicken, now pay for your chicken. Full price...

No one that I know pays taxes because they like it. we pay taxes as a patriotic duty..

The all talk, not walk right wing Republicans do not want to pay for anything. they want to change the rules so they control the game and git the most chicken..

Most predict the 9 plus years of growth will end in 2020 or so.

Leaving yet another democrat president to have to clean up the mess of economy made by the orange dummy..

while you and they ride along making good money off the efforts of the last democrat president, you simply watch as the orange fool turns trade into a my way or no way game of tariffs..

While Canada seems to have done quite well, they are far from happy with our country. think about that, our most stable Allie in history is PO at us.. thanks to the orange brain less fool..

if on the 16 year renewal a simler bid is made from any nation on any good or service, do you think Canada will remain with the trouble making US?

And in only a year and some months.. Actually weeks after the tariffs, Ford is now not only cutting production, they are laying off workers. set to be in the 10,000s of workers..

what if the trade war is not the easy Sunday stroll it was sold as.. what if it gits as bad as the 30S???

So now you're going to tell me that it was Obama that caused the unemployment to the lowest since the 1960's now, right? Obama increased Medicaid, Welfare and food stamp programs. If anything, Trump is bringing us CLOSER to Medicare for all, not further away. And you want masses of illegal people to just flow into our country unabated...look how well that's working in Europe. Is that what you want our country to look like? Mosques all over the place (have you seen the largest mosque in Europe that was just built in Cologne???), and Sharia law taking over? Then maybe you should move to Germany or Sweden and see how you like your life there. I, for one, LIKE having a President that cares about our country, who is keeping the promises he made to the people who v**ed him in.

Most large corporations (C-Corp) are receiving the new 21% tax break. These corporations will need to have loyal, smart employees so they can maintain the new growth allowed by the tax cut. The way to keep those employees happy is with pay raises and bonuses, so yes, they are passing on the benefits of the break. Smaller businesses (S-Corp, Sole Proprietorships and LLC's) can now take a 20% business income deduction, so they are benefiting as well as the large corporations, but depending on the structure of the smaller businesses, that 20% can mean more for some structures than others depending on how well they do. The better they do, the larger the deduction.

Does it ever occur to you why Obama forced US companies to move overseas, and more people to lose their jobs?

Sharia law is what Muslims, who are coming to the US in droves because of our non-existent border security, want-they will NOT assimilate. Muslims are not Republicans.

Ford has a long history of restructuring, which is what they're doing now with major focus on Europe and South American production - that's where most of the job cuts will take place.

Maybe some of Trump's smaller businesses made money via the pass through clause, but so did many, many other small businesses. Tough s**t if you don't like it that he benefited, too.

Where did i ever say the economy was bad??? Thanks to President Obama, it great... Best sense 90s at least..

Sloth, Envy and Greed.. 3 of the great sins of the idle rich.. are you saying you have gained entry into the idle rich?? do you wish you had??

Considering that American business were the primary writers of trade deals, why are you and the orange dunce so uncomfortable with them..

Keep away the Russian investigation?? what a clever thought..

Canada made some pretty good deals, several of them..

China will be a problem.. they are not a bunch of business wanting to be thinking only of the bottom line. they are all under control of the Government.. which has the prime concern of becoming the world leader.

they, china, will absorb much more then our businesses would want to do.. they will be a tough nut to crack..

have you, in your investment research, looked at how dependent American business is with products made overseas??

I think when you echo "America first" you are not talking about our nation, but about trumps wild bragging and lies..

I love this nation.. that is why I despise the orange con man that has made so many damaging acts upon it..