This week President Barack Obama discussed his commitment to small business as a key to economic recovery, from the Recovery Act to Financial Stability to Health Reform, and pledged more to come.
It’s a shame they ditched YouTube. Now potentially millions of viewers will be left in the dark. No Blu-ray player streaming, no iPhone access. Ignorant move, for sure.
3 responses so far ↓
1 Mark H (Not Hebert) // Oct 26, 2009 at 10:24 am
He’s committed to destroying small businesses. As a small business owner, they have done nothing to help or provide an incentive to hire anyone.
I am going to be looking at higher health care costs because of the unfunded mandates, higher taxes because personal profits are the same as company profits in a typical LLC, and higher energy costs from Cap & Trade which will result in higher travel costs, product costs, and utility costs for my business.
Gee, I wonder why the small business community isn’t lining up to hire unemployed workers? Cheap government-backed loans may help some businesses, but they don’t help unless you have the profit to pay them back.
2 jake // Oct 26, 2009 at 10:27 am
It’s cute how people say that mean ole Binack Rubomma is trying to kill small business because small business doesn’t have the profit to pay back loans.
How bout these apples: If you don’t have profits… why are you in business?
3 Mark H (Not Hebert) // Oct 26, 2009 at 10:47 am
“If you don’t have profits… why are you in business?”
I couldn’t say it better myself Jake (cute Obama names aside).
You just unknowingly made my point for me. Why hire anyone of continue to operate your business if the government is going to make it more difficult to make a profit.
I don’t know where you got your apples Jake?
But I took out a loan on my house that I worked for years to pay off to start my new business to the tune of approximately $350,000. My profits are going back into paying off my debt and reinvesting into my business. Buying equipment, paying rent, and paying my employee costs.
I take home less money in salary that several of my employees do. Everything else goes back into the business. Since it’s my apples on the line if the business goes under, why would I take the risk of taking on more employee costs if almost every proposal being considered is going to cut into my profit margins.
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