America's Small Businesses Get the Shaft AGAIN

4 comments

February 24th, 2009 | 10:47 am

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4 Responses to “America's Small Businesses Get the Shaft AGAIN”

Sandeep Thakrar Says:
February 24th, 2009 at 5:09 pm
Chris,
I agree with your points. SMall businesses are getting crushed by the lack of lending by the banks. Alternative financing sources are available but they are also getting stricter as confidence continues to erode.

The stimulus is not targeted at the majority of the job creation engine: small business.
david solomon Says:
February 26th, 2009 at 12:24 pm
Since 1989, for the past 20 years, small businesses (those of up to 500 employees) have created 93% of the new jobs in America.

Bailing out failed big businesses (car companies, financial institutions) and people who didn't play by the rules (those who took on larger mortgages than they could afford to pay, stopped payments and were then not surprisingly put into foreclosure) while increasing the tax burdens on the job creators, wealth creators and the risk takers is not sound fiscal policy.

Making matters worse, the administration's big business bail-out and big government policies are to be paid for by the job and wealth creators in this country. They get the money while we pay the bill!

This is more about wealth redistribution than job creation. These policies are more likely to turn us into the next Venezuela than the small business, risk-taking powerhouse we have been for the last 20 plus years.
Mike Lyngvar Says:
February 26th, 2009 at 2:17 pm
With the government getting bigger with every passed bill and the private sector being invaded like a rebel force what are we to do? I think a possible answer would be a small business union. What is the only way to get the government to listen? Hit them in the pocket book. If there was a grass roots movement with all small business owners sticking together, that created a union of sorts we might have a chance. Putting a tax increase on the backs of the already over taxed businesses that give this country so many tax dollars is a bad idea.

The only way the government will be willing to listen is if there "blank check" goes away. The sheeple voted for change and that is what they will get. When your taxes are increased and you find yourself in the position where you have to lay off workers, go into your parking lot and take a look at your employee's cars. If you need to lay off 3 employees find the first 3 with Obama bumperstickers write down the plate number then inform them they no longer have a job. They voted for "change" that is exactly what they got.
Joe Welnack Says:
March 14th, 2009 at 12:09 pm
Congratulations Mr. Lyngvar on a post that proves the ignorance of partisanship. You recommend firing employees who voted for the President. How would you like to be fired for excercising your franchise as a soveign citizen of this republic?

I cannot believe how you arive at your logic! Taxes, sure I think they are going to go up. Fact is if we do not start raising revenue to pay for our foreign adventures and "spend and borrow conservatism" the Chinese will impose it upon us.

Remember Sir, we are now a debtor nation!! I have railed along with you when we see an out of control government wasting money. Frankly, I am willing to pay more taxes if for every nickle in new taxes there is a dollar for dollar reduction in spending. The funds we collect should go into a trust fund to pay off the Chinese! Small business in this country needs to start making the goods that fill the shelves of WalMart and these goods need to be manufactured here.

There are trillions of dollars we are told that are sitting in cash as investors lose confidence in big business. Why not sell bonds only to U.S. citizens with a zero capital gains tax??

I voted for President Obama. I don't agree with him on everything, far from it!! The SBA got "rolled" with the stimulus plan imho. However, the "conservative Bush regeime" bankrupted our country, eliminated SEC oversight and created a monster on Wall St. that almost consumed itself. I will return to the Republican Party when they are fit to govern.

If you want government we have to learn to pay for it! The Chinese are likely to force us into living within our means.

Joe Welnack