President Obama's American economy created 220,000 new companies in Q1 2016 (the latest data). This is down from 246,000 create in Q4 2015 which is the biggest collapse in the creation of new companies in America in history.
The data, from the Bureau of Labor Statistics, was released yesterday and shows that as President Obama comes to the end of his reign, company creation rates are as dismal as they were went he was inaugurated...
The death rate of companies has not updated yet but remained near Obama cycle highs as of Q4 2015.
So much for "peddling fiction" when the entrepreneurial spirit in America crashes at the fastest rate ever.