In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR


Barack Obama, Savior of Small Business

Obama plans this fall to give Republicans a thorough and nearly daily thrashing for blocking a relatively minor Senate bill that would aid small businesses. He did it repeatedly before heading up to Martha’s Vineyard to save the lobster industry and is at it again now that he’s back. Here’s what he said in the Rose Garden this afternoon.

Unfortunately, this bill has been languishing in the Senate for months, held up by partisan minority that won’t even allow it to go to a vote. That makes no sense.

Obama implies it’s all petty politics, and that Republicans are spiteful children holding up a bill to deny him and poor Senate Majority Leader Harry Reid a victory.

The legislation would provide some tax credits while producing a $30 billion fund to help small banks lend to small businesses.


Why would Republicans want to piss off their best friend? Do you like to piss off your best friend, particularly if said friend provides you lots of money?

Republicans are angry because they say Reid has refused to allow them to offer the amendments they want. And many are concerned out of principle about providing a huge pile of dough for banks to play with, believing that THERE IS RECENT PRECEDENT THAT SHOWS YOU CAN CREATE PROBLEMS BY MAKING IT TOO EASY FOR BANKS TO LEND.

Even Republicans officially certified by the White House as sane, such as Olympia Snowe of Maine, oppose going forward.

So small business leaders must be sitting in their offices squeezing rubber balls and growling in a low voice “Republican are traitors. Republicans are traitors. Republicans are traitors. And Jerks.” Right? Hardly

Here’s what the National Federation of Independent Business, by far the nation’s largest small business lobby says about the bill.

While there are some positive provisions in this bill, it does not address the most pressing problems facing small business owners today. The primary problem facing small business owners right now in terms of job creation is not access to credit, it’s a lack of sales, customers and confidence. Small business owners are unlikely to invest in hiring or expanding their businesses when sales and profits remain weak. For these business owners to start hiring again, demand must pick up and confidence in the economy must be restored.

Currently small business optimism in the economy is very low. Small business owners are worried about the threat of increased taxes, new healthcare mandates, higher energy costs and more regulations from Washington. Small businesses need to know if the individual tax rates are going to remain at current levels or increase. They need to plan for the estate tax. And now they have to calculate how much the new healthcare law will cost their business. All of these issues make it that much harder for businesses to survive and grow.

What they are pointing to here is the rank hypocrisy of Obama crusading as the savior of small business while enacting policies that will be undeniably damaging to mom and pop shops. Under Obama, small businesses will be mandated to provide health insurance and have their taxes increased as the Bush tax cuts for high earners – many pay the individual rate – are rescinded at the end of the year – among other problems.

One may argue that these are, or are not, good policies. But let’s not pretend they are good for small business, and that Obama is looking out first for Main Street.

8 thoughts on “Barack Obama, Savior of Small Business”

  1. Aside from undermining certainty or even vague predictability and addition to dressing up crap as toffee, the govt has made it crazy hard to negotiate the Federal Acquisition Regulation, Contractor Registrry, Fed Biz Ops website and just about everything about being a govt contractor. I know, I am trying. I am a woman-owned business, I have taken Small Biz Admin webinars, but I am baffled…You need a webinar in real world, Mr President. You have NO idea.

  2. Bingo: It’s *consumer confidence* that fuels capitalism. Not government. Unfortunately, POTUS is ignorant of the mechanics of rudimentary capitalism and a viral aversion to free market economics.

    ITEM: Investors have no confidence in the market (right now) because of the sickle-weilding diletante who is busy destroying it.

  3. Maybe, if we’re very lucky, they will repeal the part of the health care bill that requires businesses to issue a 1099 for every purchase over $600. Huge paperwork burden and it will not uncover a big trove of tax cheats. Certainly nothing like the $17 bill they think it will. Now–repeal the whole bill!

  4. I wonder if the Rep’s have the shazizzle to do it … these country-club Republicans have absolutely *NO* backbone. I assume that if we take the House, we’ll have enough Blue Dog’s to repeal it. You repeal Obamacare, you end the Obama Presidency.

  5. I used to write for the NFIB…I am working my way along here. Supposedly there is an actual govt human here in Chandler AZ who can talk to me. I need to finagle a ride there.

  6. Word, homey.

    > Override a veto? Screw that. Well just print more money. <

    Slamma-jamma-ding-dong sly dog.

    Your homey bRock has your back.

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