warning Hi, we've moved to USCANNENBERGMEDIA.COM. Visit us there!

Neon Tommy - Annenberg digital news

Small Businesses Hit Hard By The Recession - VIDEO

Kristie Hang |
November 20, 2010 | 1:44 p.m. PST

Contributor

Small businesses are the foundation of America. These businesses measure how the economy is doing and tell us what direction we're headed. Mom-and-pop shops have been hit hardest by the ailing economy. In particular, 2010 has been a difficult year for small businesses. During the 2008 economic downturn, people became much more cautious about spending money. Despite economic analysts' claims the U.S. is no longer in recession, small business owners are still feeling negative consequences despite cautious hope 2011 will be a little better.

Reach contributor Kristie Hang here.



 

Buzz

Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.