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Government Shuts Down 7-year-old's Lemonade Stand

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Small business owners in this country aren’t so optimistic.

To wit: the National Federation of Independent Business (NFIB) optimism index lost 3.2 points in June, dropping to 89.0, only 8.9 points above its all-time low. (HT: Yardeni Research)

NFIB’s chief economist put it this way: “The U.S. economy faces hurricane force headwinds and the government is at the center of the storm, making an economic recovery very difficult.”

One enterprising business owner that can probably relate is 7-year-old Julie Murphy. Her business? A lemonade stand at an art fair in Portland, Oregon.

Julie had reportedly become enamored of the idea of having a stand after watching an episode of cartoon pig Olivia running one. She bought the supplies, decorated a sign with the word “Yummy” and, along with mom, set up business complete with gallons of bottled water and packets of Kool-Aid.

Unfortunately, Julie found herself on the wrong side of the law: specifically, she failed to get a $120 temporary restaurant license. County health inspectors shut the lemonade stand down.

"When you go to a public event and set up shop, you're suddenly engaging in commerce," said one government official. "The fact that you're small-scale I don't think is relevant."

As for Julie, showcasing true American entrepreneurial spirit, she tells mom "it was a bad day", but – government be damned – she’ll be trying to sell her goods at an upcoming neighborhood garage sale. (HT: Carpe Diem)
POSITION:  No positions in stocks mentioned.