Question #1: how the hell did this story make it past the Washington Post editors and actually get published, including being shown on the front page of the Web (though not front page in the dead tree edition)? Small businesses feel squeezed by Obama policies
Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled — allowing him to hire two agents.
But Upham said he hasn’t increased his staff thus far in 2010 and he doesn’t expect to for the remainder of the year.
That’s because his taxes rose sevenfold. And he said he anticipates they’ll increase again if the Bush tax cuts for people earning $250,000 and above expire at the end of the year.
As small businesses try to plot their recovery, attention is turning to what many owners consider burdensome policies — higher taxes, new accounting procedures and health-care mandates. Even as the government tries to help with an array of small-business initiatives, many owners say the intervention is as much a hindrance to hiring as the faltering economy.
We could probably get into the discussion yet again on how an economy is stimulated, but, too what point? Obama, elected Democrats, and all their lemming like followers live in their own little world of Keynesian economics, and are simply clueless as to how an economy really works. Massive government intervention and temporary fixes do not work. Recessions happen. The entire world felt the impact. This was not limited to the USA alone. For the most part, the ruling class could have simply said “OK, we will pass legislation to keep the 2001/2003 tax cuts till 2012. We want universal health care, but, we will limit ourselves to a few key, and simple, fixes, such as no dropping insurance for people who get sick. We’ll provide a small, targeted stimulus, aimed at infrastructure and small businesses”, as well as simply not talking about things such as cap and trade and other economy harming ideas. Then go out and talk positive. It works.
They would also have needed to address the conditions that made the economy worse. Other countries, such as Greece, saw their recession turn devastating because of government policies, and are working to fix them. In the USA, the burst housing bubble issues needed to be addressed, and still haven’t been even considered.
Welcome to Obamanomics, the longest recession since the Great Depression, with no end in sight.
