Posted on 02/12/2010 2:34:30 AM PST by Puzzleman
Mr. President, did I really hear you say that businesses aren't hiring because they can't get bank loans? Are you kidding me?
Please indulge me for a moment, and we can get to the actual reasons...
(Excerpt) Read more at americanthinker.com ...
Man oh man, does he ever...............whew............
I have more reason to continue laying off. My Business is 40% from its peak. There is no bright future ahead.
My whole Industry which is tied to consumers is very sick. More gov rules and regs will cause more job loses. We are a bread and butter American industry. - Trucking.
After 24 years I will be laying off my last employee today. I don’t need a loan I need customers and a government that will get out of the way.
I think it all boils down to China and our relationship with China. Chinese communism seems to be thriving while American capitalism is clearly circling the drain. Our “partnership” with them has been a disaster for all but a very few Americans who have profitted from the ChiCom slave labor. We all seem pretty content to blame one another while ignoring this 800 lb gorilla standing right in front of us.
I think the shot of the empty grocery shelves spoke volumes. I’d like to see the congress cafeteria just as empty from small businessmen (truckers) simply figuring its too expensive to deliver to DC anymore.
I know, it only hurts the little people - but marches on the whitehouse will only be a few weeks away once the weather breaks. A little Obamaville on the whitehouse lawn should finally grab a few headlines.
For our family business the reaction of the Credit Card companies (after they took government bailout money) to their customers was the final straw for us.
We are now in close-down mode. We are selling off our assets and we are drawing down our store stock and we will turn our once flourishing flooring business into a cash and carry remnant store until my dad decides to retire. Then we are done for good. We are selling off our properties and stocks and investing it all in CDs and bonds. My wife got a job with the government (at a ridiculously high salary for nothing more than scanning documents to PDF files) we will let them pay our healthcare Dental and Optical bills.
We have a bit of debt for the store but once we sell down the stock and sell of the properties we will have a small but adequate nest egg.
The wife enjoys the job but she doesn't need to work their if she decides she no longer wants to.
In Short we are shrugging.
I am building a small recording studio and I go out of my way to purchase "used components" for the project. Then once its done I am setting out to make music and videos that will expose the lying weenies in government and ridicule their plans.
Sorta of a Rock-n-Roll John Galt!
Ping.
What an excellent article. Thanks for posting.
good read ping! business will not hire in this climate. This business owner gets it! Zero is clueless...
It is not just the small businesses, Obama wants to control it all...
THE PRESIDENT: The small businesses I talk to --- and I've been talking to a lot of them as I've been traveling around the country over the last several months -- their biggest problem is right now they can't get credit out of their banks so they're uncertain about that. And they're still uncertain about orders -- do they just have enough customers to justify them doing more.
It's looking better at this point. But that's not the rationale for people saying, I'm not hiring. Let me put it this way. Most small businesses right now, if they've got enough customers to make a profit and they can get the bank loans required to boost their payroll, boost their inventory, and sell to those customers, they will do so. Okay? From here.
I've made a couple of posts about it. This moron president thinks that loans are profit. He thinks about the economy in terms of how well the banks are doing. Match that with how he's handled the investment industry and you find that he can't think past debt. To Obama, as long as you have cash to spend, regardless if it's from taking on debt, you are profitable.
True, that. He’d just assume that the writer hadn’t heard enough of his preachy speeches to get his mind right.
Ping, for your consideration.
In other words, the free enterprise system that built the economic giant we know as the United States is criminally corrupt and must be eliminated regardless of the amount of destruction to the economy and its citizens.
When other countries went Communist, they considered the business owners criminals and literally lined them up and killed them; Stalin, Mao, Pol Pot, Castro, etc.
So far, it seems that 0bama0 is just going to slowly starve us to death.
Also, watch for one of their other favorite coded terms; "institutional racism." This term means that white people are born with a racial prejudice towards people of color and when they create businesses and organizations they unconsciously set them up to keep people of color from being to participate.
So, because white people do this unconsciously, they are guilty because of their skin color.
Like the comment says, it’s a bad news/good news situation.
It’s bad that Obama & his cronies are trying to destroy the country, but good that they’re too incompetent to pull it off.
If you have time, you can build a business without loans. I have. It took twelve years. Profits from the first product paid for the development of the second, whose profits paid for captital equipment, and so on. GROWING a business past a sole proprietor point may well take loans. But we will talk about that and consider it after the next two elections. I would love to hire people, but it's not on the table till these filthy scum are flushed.
Yup. Last January, instead of rebuilding a crucial element of our business that had collapsed, we collected the insurance, sold the place and called it good. We haven’t looked back.
Outstanding article that needs to be spread far and wide...
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