Skip to comments.Home Depot Co-founder: Obamacare Will ‘Kill Off’ Small Business
Posted on 04/11/2013 8:22:47 PM PDT by tobyhill
Retired Home Depot co-founder Bernie Marcus declared to Newsmax TV in an exclusive interview that Obamacare is going to kill off small business.
If [employees] are thrown out of their medical plans now, where theyre covered in a good plan and thrown under the bus, theyre going to be destroyed, Marcus said on Thursday. If, in fact, they dont stay as full-time employees but go to part-time employees, theyre going to be destroyed.
He talked to Newsmax at the Job Creators Alliance Free Enterprise Leadership Summit in Palm Beach Gardens, Fla.
People have to understand that the villain is not their employer; the villain is the U.S. government, Marcus added. Obamacare is the capper. Thats the bullet to the temple.
Marcus, who retired from Home Depot in 2002, established the Job Creators Alliance two years ago. The nonprofit group seeks to advocate for entrepreneurs and small-business owners.
(Excerpt) Read more at newsmax.com ...
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That's the whole point.
Damn, that was depressing as all Hell.
Wow, just watched the whole interview and found no comfort. He is certain things are bad and getting worse.
People would not have voted for this Communist had they been informed.
People would not have voted for this Communist had they been informed.
May the MSM suffer greatly for what they’ve done to this country.
They were informed. You have to realize those who voted for him would do so again. They don’t care what he says or what he does. They just hate republicans and Sarah Palin.
Basically I’m saying they’re stupid. Tell them about Hitler and they’ll say “That will never happen here.” And once they’re in the FEMA camps they’ll say “This ain’t obama’s fault. He loves us.”
They were informed. Insufficiently. Not by their employers, not by their clergy, certainly not by their favorite TV shows. (But then, their favorite TV shows have been Dancing with the American Idle and Monday Night World Series.)
When it comes around (the loss of health insurance) the propaganda machine will find someone else blame, Bush, Wall Street, everybody else’s greed, most of all. The idiots will buy it, doctors will suffer, and... quit.
What sort of idiots were stupid enough to vote for Obama not just once, but twice?
Never mind, that was rhetorical.
How many small businesses did Home Depot kill?
You win idiot of the day award, but I'll answer you anyway.
0 by government fiat, which is what Obama Care is doing.
0 any other way either. Oh, if customers killed off some small businesses because HD and Lowes are superior places to shop, then that's another issue.
FTR: they have helped create jobs and businesses since small contractors do zillions of dollars of business with HD, buying and selling, to their mutual beneift.
You should go back and learn some basic economics.
A lot. And widows can’t find appropriate help from this sector. They depend on small hardware stores to assist in their keeping up their homes.
Home Depot workers will say yeah it’s over there. Mouth breathers.
Anyway, they can cry me a river. They’re so on board with HD+S rights now they’re saying to themselves, hey how the f was that good for business. Been boycotting them for years over that.
I meant gay rights.
It’s happening everywhere, while the receivers of received wisdom tell us to learn “basic economics”. I’ve just seen a film about a ghost town in Germany, whose economy was completely, entirely destroyed by such big box stores. Hey, but drive by a HD and you’ll see how many jobs are created there for illegal immigrants.
~~~Marcus added. Obamacare is the capper. Thats the bullet to the temple.~~~
Ah yes, the master plan! Finally get Government involved in every aspect of out lives (go slow but sure)... We are the idiots (especially the GOP) for continuing to go along with the slow motion decay of America.
Way too late to turn to the “other” party as they are just as compliant in the outcome. We have no party and have no future!
We have been taken over by the insiders (Democrats by name - but Socialists/Communists by their actions) slowly to be sure but coming at a faster and faster pace. You will recognize the results by what the Media reports. Leftist revolts and demands!
Are we doomed, probably but still hope for enough that recognize the slow but steady pattern of Government slavery. I sure don’t count on the GOP to save us but so far no other party has arisen to protest. Sorry, we have no saviors in the GOP. They are “finger in the air” folks that don’t understand freedom. Just read today’s news!
You might think that I have given up on our Republic and you may be right but I certainly have given up on the Republican Party!!
You win the ignorant post of the year - and totally missed Bernie’s point. BTW, he’s been out of HD management for many years, is richer than you’ll ever dream of being, and is not asking you to “cry him a river” - he’s talking about how he and three others took HD from a SMALL business to a big business, creating many millionaires along the way, and how Obama Care won’t allow that any more. Grow up
well, you have your wish, and as for me, ONLY the former think I’m the latter. Ignorance does strange things to ones mind....
The primary goal of Communism is to destroy the Bourgeoisie Class, which in the US is largely made of Middle Class small business owners and employees including private practice doctors and physicians
It's plain to see that the Democrats and Obama have foucsed like a laser beam on the destruction of these segments of society.
It's also these same people who provide the dynamic job growth need to pull the country out of recessions, and their ongoing under the radar destruction is the primary reason we are not pulling out of this recession
yeah right, big box stores brought down Germany, and SUV’s caused global warming in Greenland in the 1300s. Any other “films” you’ve seen lately you want to share?
Thanks for posting. Bernie Marcus, who retired many many years before HD got into all of their pollitical correctness and so on, has been one of the best pro opportunity voices in the nation for years - and is brilliant when he tells how liberal government is preventing business opportunities today - the opportunities he’s already had and made zillions from. It is a shame that ignorant hatefilled Freepers think he’s complaining, or blaming him for HD’s current stances on social issues, and show their abject lack of any understanding of basic economics with their bizarre and absurd rants.
Any Bernie Marcus interview is a great lesson on pure opportunity economics, and he’s terrific at it. He’s helped create more millionaires out of ordinary folks, who happen to start working for him at the right time, than just about anyone else alive in the country today....and his message about how that could not happen today is not a complaint for him - he’s made his - it’s a warning to all of us who would like such a chance.
It's called capitalism. I saw a film about how Wal-Mart moved into a town and "destroyed" all the small businesses. I was cheering for Wal-Mart.
You act as testy as a sidewinder rattlesnake with shingles!
Try to keep in mind, FRiend, Napoleon’s words at Waterloo to his anxious Shetland pony:
“Life is short, and so are we. Zo lighten up, mon ami.”
And furthermore, these big retailers like Home Depot, Wal-Mart, Target do NOT hire illegal immigrants. The fact is these corporations actually have formal hiring processes in place and contract out employee background checks to third party professional services. They have way too much to lose. It's actually small businesses, proprietorships, individuals that hire the bulk of illegal aliens.
I asked my sister just last week some facts as my BIL has 110 employees in one location with at least BSEE’s or BSAE’s and many who are more educated in just one location. Yes, he has secretaries there plus a few more lower pay scale types. In short, he is paying the same $ amount and even more to his employees for the same medical, dental, plus life and vision care they had last year, but; they have to pay their part/ some now. I asked her if that some was substantial? She replied it was. Obamacare is a job killer, and; it has hurt the workers and even middle to upper management as my BIL may well be a multimillionaire living in a 10K sq ft house. I am glad for him. I am proud of all who live the American dream. Obama has made those folks the ENEMY. Those are the job creators. I helped him form his business in 2002. He went from nothing to almost a billion in Gov contracts.
I hope North Korea gets them all.
That’s a good thought. The MSM only deserves the very worst.
I think of it as the Red Army going after the kulaks.
Yes, but the Republican leadership obviously agrees with that goal. Maybe they think small business is a big pain to deal with, too. I mean, why deal with 10,000 squabbling contributors with competing interests when you can just support the one big one in return for steady checks? Much more convenient, for all concerned...
Of course Obama is a socialist, but too many Americans see nothing wrong with socialism. In any case. he should not be president that blacks voted him in to get revenge on whites. The same kind of thinking that has ruined so many African states.
A friend just bemoaned the fact that she’s gonna pay a lot in taxes this year [and her family is by NO means ‘wealthy..far from it] and immediately added “but it’s not Obama’s fault”.
What can you even begin to say to someone so ‘devout’?
A locally owned Ace Hardware store about 5 miles from my house is also within 5 miles of 2 Home Depots and 2 Lowes. It has been in business for over 40 years and is thriving. Very heavy on service and prices are competitive. Many of the staple items are high quality, not the cheap Chinese junk at the big boxes. It demonstrates a small business can compete if the owner truly understands the customer.
In contrast my builder chose a local small business as the sub to install the gutters on my house. Five years later the paint on the surface is splotchy because he scratched up the surface during the install, spray painted the scratches, and the spray paint has faded to a different shade than the original surface. The gutter installer and the contractor refuse to fix the problem even though I have a written 15 year warranty on the paint not fading and the installation. I suspect if I’d contracted the job to HD or Lowes and the same thing happened the big boxes would have replaced it. By the way my attorney says it will cost as much as the potential compensation is worth to sue them, if I can collect should I win. No doubt they are aware of the high cost of litigation and are correctly betting I’ll not sue.
Quite frankly it has been my experience the consumer is more likely to be cheated by small business people than big retailers. Particularly small business people who sell infrequently purchased products. The gutter guy and the contractor know I’ll never use them again so the perceived cost of not backing their work is low.
Ignorance is bliss. HD sided with BO and is on every pro gay marriage list. You won’t see me caring how much money anyone has, check my record.
HD has done more than anyone I’ve seen to destroy small business. I can’t find a local hardware store to depend on like we had in the past, HD ate them up, and I can’t shop there even, because one they won’t assist and tw I don’t want a dime of mine going to a pro gay marriage or any thing associated w BO.
Check how much they gave to BO if you want to call others ignorant, but they helped this guy they now complain about while they inconvenience us through their support of him and through their eating up small hardware store business.
Then you are blissful - with two gigantic blind spots right off the bat. First, HD did not “eat up” any small business. The market responds to what SHOPPERS wanted - and if enough shoppers wanted all of those small hardware stores, they would STILL BE HERE PERIOD. By your thinking, all we would have are a bunch of small tiny merchants like downtown Dehli. Is that how you see America?
HD WAS a small busindss. Then they did well, and then they became a BIG bisiness. Many poor and middle class people became wealthy working for and investing in HD from the early days. Not just the three principles. Isn’t that the American dream? And is True Value also a problem? Lowes? How about Wal-Mart. Where the hell do you draw the line on what too big of a business success is? You are an economic liberal!!!! Which is to say, economic liberal. You clearly are obsessed with your bank account and your envy of Marcus.
Second, you don’t understand how the massive employment HD was involved in created many other businesses and jobs you don’t “see” the way you see a closed down hardware store. They are there. This is how an economy works. It is not static. Never has been, except in dirt poor countries who are much the same as they were hundreds of years ago. Economies CANNOT thrive and stand still at the same time. It’s not possible.
Third, Bernie Marcus has nothing to do with HD’s current stance on gay issues - but you are so blinded - I mean, I slam the left all the time for using the term “homophobic” - because an irrational fear is a phobia - and yet, I think it fits you. You are so phobic about one issue that you cannot appreciate what Marcus is saying about an entirely different issue.
That is a feature. One of the reasons for the bill is to raise the barriers to entry
You make some great points, and they all show that economic liberty - the freedom to run a small business or work for a big one - the freedom to shop with a small one or a big one - is the answer. There are a lot of great small businesses - but a lot of awful ones also. Many times, it’s that awfulness that keeps them small. Many times not. Every big business, unless it’s a crony solyndra or something, started off small and they became big because they were the best of all the smalls at one time. Bernie and his founders did not, and could not, have forseen the stance the new HD would take on social issues nor could they have anticipated how immigration problems would have played out over 40 years.
They had a dream. Took a big chance. And won more than they lost....day by day. And took hundreds of thousands of others with them to the American dream. Meanwhile, many small businesses thrive and are fantastic fourty years later too...staying small. It’s all good.....its’ called liberty.
Sadly I’m not sure sure. A whole lot of people want “free stuff” from the government. They simply don’t care that it is taken from “rich people”. They think it’s “fair”.
That’s the plan. And unless we can get a few million people out to Washington DC to hear our voices, nothing will stop it any of what the POS is pushing.
There’s nothing you can say or do that will open that person’s eyes and ears. Their love for him cannot be explained. =
They remind me of the version of Carters and Wakefields on Andy Griffith. Andy asked Carter why he was feudin’ with the Wakefields.
The answer was “Cause he’s a Wakefield.”
“But why are you feudin’ just because he’s a Wakefield?”
“Cause they’re a-shootin’ as us.”
“Reckon why they’re a-shootin’ at you?”
“Cause we’re Carters.”
“Well, reckon why that makes ‘em wanta’ shoot at you?”
“Well, that’s easy. ‘Cause we’re shootin’ at them.”
“Well, why are you stootin at them?”
“Cause they’re Wakefields.”
Isn’t the current Home Depot CEO all for Obama?
They were informed. You have to realize those who voted for him would do so again. They dont care what he says or what he does. They just hate republicans and Sarah Palin."If only Papa Joe knew. He'd put a stop to this."
Basically Im saying theyre stupid. Tell them about Hitler and theyll say That will never happen here. And once theyre in the FEMA camps theyll say This aint obamas fault. He loves us.
It’s going to take someone like Ted Nugent teaming with some politician like Ted Cruz to call for a march on Washington. And millions of Americans show up with their unloaded guns.
(The Black Panthers protested a Texas execution carrying unclipped M-16s. Maybe white folks could get away with it.)
Would the politicians want a “war” in front of the capital? I think it would either scare the hell out of them or give them the opportunity to scare the rest of America by having their “army” stop the protest.
Bottom line: If there’s ever going to be a protest with weapons used as props, it better happen quick. Otherwise the only protest will be done with shovels and rakes and sticks. The guns will be gone.
Actually you will not and it would be extremely naive/disingenuous (your pick) to say that.
I am a fan of our local small businesses and will support them whenever I can. But, be it HD or Lowes, Target or Walmart, they employ more local people than any small business could even imagine. And they do not hire illegal immigrants.
Good people cannot have a meaningful dialogue about issues with the absence of truth.
God willing that will happen soon.
And how many young white guys are in the HD parking lots before dawn waiting for a chance to work?
I overheard two guys talking several years ago about working construction. One guy was a boss and was talking about how the Mexicans showed up every day and worked hard while the young white guys showed up when they felt like it, avoided working hard and once they got their checks, weren’t seen for a couple of days.
You do the math.