As attributed to George W. Bush. Did he misunderestimate as well?
Check out this article in Newsweek. Having lived and worked in France, I’ve always said it’s not a place to work, but a place to get laid off, and retire. But now the government has just dramatically reduced the financial requirements on starting a new business. They estimated 200,000 new ventures by the end of 2009, but as of mid-February, there were already 62,000.
This is a sea change.