The engine of the economy that generally pulls the county out of a slump is being battered and abused by the Obama Administration and the Democrat controlled House and Senate. With unemployment rising, tax hikes and regulation are going to kill the business engine where growth in employment usually moves the quickest. But not in this climate by this administration or Congress.

Small Business to Get Short Shrift from Obama Administration from Tristan Yates

The ability to start a small business and grow it into a much larger enterprise is the greatest wealth creation opportunity in America. Studies have shown that 2/3 of all millionaires are small business owners. Entrepreneurs and their children and grandchildren make up almost the entire Forbes 400 list of richest Americans.

If small businesses are the economic engine that creates jobs, builds wealth, and makes the American dream possible, then naturally our new president plans to support and rely upon them and give them everything they need to pull us out of the economic slump, right? Well, no.

snip……Instead, American small businesses face not only tax increases on individual income, dividend income, and capital gains as the 2003 tax cuts expire, but new environmental fees and regulations, health care “pay or playâ€? mandates, and a significant expansion of new “rightsâ€? for workers that may well include compulsory unionization. The entrepreneurs we are counting on for future economic growth have only higher expenses and reduced flexibility and opportunities to look forward to.

Just read some of the comments made by small business owners to this article and you will see how new job creation isn’t going to come from the small business sector. Government can’t create jobs (as much as they seem to arrogantly proclaim otherwise).  If they do create jobs, they are ‘government’ jobs which is nothing more than redistribution of taxpayer income. Government jobs create nothing, they are a consumer of taxpayer dollars.

From the comments:

9. Pilot:

As a small business owner I had already decided not to hire unless absolutely necessary and then only as part time contracted help. I will not place my small business in the position where the local, state and federal government will get a dime more than I absolutely have to pay. And I can guarantee that if someone drives up in a car with an Obama sticker on it they won’t even be considered for the part time job. Discrimination? You bet.

Who is John Galt?

10. Parabellum:

I’m a small businessman (one emplyee, me) and I’m hunkering down. I don’t plan on expanding anytime soon, and I do plan on doing small projects, accepting lots of cash payments, and hiding my slim profits the best I can for the next few years.

It’s bunker mentality time folks.

15. Ben Franklin:

The fear in the small business community of which I am part is palpable. My partner and I decided not to try to ride out the slowdown this time around and sell our business while husbanding our cash because we see the writing on the wall. The most ironic thing is that the least skilled employees (who voted for Obama) will not be retained by the new management. They might as well have just quit their jobs as to vote the way they did since the effect will be exactly the same.

Frankly, the overriding emotion amongst small business guys is that we are tired of putting up with the government’s crap and we don’t want any part of a country where the government picks the winners and losers by fiat through taxes, regulations and handouts. There is no point in starting your own business if the government is going to run it. I don’t plan to contribute to a country that is what the US is becoming when I can live off what I have. That won’t really help my daughter but given the fact the government will just take most of what I make while I am living and then the rest of it when I die I have absolutely no incentive to put money away for her when it costs me time I could spend with her instead.

Anyone who thinks this economy is going to be turned around by shoving Socialist policies down taxpaying American throats is delusional. Since the Obami so likes to compare himself to FDR and the Dhimmicrats are so in love with FDR style socialist programs they can also expect to see a decade long recession. What pulled FDR’s economy out of depression was WWII. Not a pretty thought to have to endure another world war!

Barack Hussein Obama, Democrat Congress, socialist programs, Small Business, FDR, recession, depression, employment, unemployment