[Lumper20]

You got it right. Small business depends upon the basic factors of economics like land, labor and capital, and, then add all the Gov red tape from the EEOC, WC, ADA, to tax policy.

Since Obama thinks $250 K a year is wealthy, he is going to kill most small businesses with 10-20 employees or more. If these small businesses are to survive, while paying higher taxes, they will have to pass that extra tax cost on to the consumer.

So Obama hurts the small businessman/woman plus digs into the wallets of the folks that he claims to protect. A bouble whammy.

This must be some foreign and/or socialist economics philospy I never took in 30 semester hours of Econ. Frankly, I doubt if Obama knows a damn thing about econ or business.

[Army Air Corps]

Frankly, I doubt if Obama knows a damn thing about econ or business.

The fact is that he know bupkis about such things. All that he knows is that capitalism is bad. His various Marxist mentors told him so. He honestly thinks that socialism is workable - this from a man who has never owned a business. He has no idea what it is like to pay rent or property taxes on a business location. He has never had to pay insurance on a business, pay employees, or pay for electricity for a business. Today, $250K gross for a small business does not go very far when you factor in all the expenses. I doubt that he knows the difference between gross and net income anyway.