Business Bristle Against Obama's Policies

by: jason hammond | published: 09 08, 2010

As I have read over the last few days, the rise of business groups, industry groups and small business owners have increasingly become more vocal and concerned about the administration's economic policies.  It is only logical to think that their concerns are becoming a reality nightmare before their eyes.  An article in The Washington Post by V. Dion Haynes clearly states how small business owners are going to have to make hard choices towards the end of this year and next year.

As President Obama is demanding that Congress pass legislation for billions more in loans to small businesses, surveys pointed out in the article above show that "Yet to date, existing loan programs haven't yet spurred much hiring. Surveys conducted by the National Federation of Independent Business and the National Small Business Association show owners much less optimistic in recent months about their prospects of hiring and growing than they were late last year and earlier this year."   This is a key point that needs to sink into every progressive and liberal-thinking brain.  Loan programs for business from the government with plenty of strings attached are NOT, I emphasize NOT, really working well for American business.  Why is that?

No matter how much money Obama wants to hand out to people in order to make the government look like the "hero" or the "job catalyst" of the economy, business and small business owners do not want that.  What they want is an environment that allows their business to grow, improve and prosper with much less bureaucratic interference in their business.  Businesses and owners want to know that their will not be $921 billion in tax increases looming next year, no more accounting regulations, no more expensive health mandates and the list goes on.

The administration is aiming to provide a multi-prong approach to "fixing" the economy and it is backfiring on them.  Across the country owners and industry groups stress that the best approach is reducing taxes which will allow more cash to be kept in the coffers of American business.  Anytime a business can have a permanent reduced cost of business it allows them to plan and establish budgets for future hiring and expansion.

One other key point to note is that of government fiscal policy.  The fiscal soundness of our government is certainly a factor in an investor's mind.  Obama thinks that the only way to deal with our deficit and economic woes is to raise taxes and hand out loans to everyone.  Nothing could be worse for the economic stagnation we are in right now.  Yet he stubbornly believes that some $50 billion union labor pay off for improved infrastructure will somehow propel us into some thriving economic utopia.  No one in business is really listening to that line of thought anymore.  The actions of this administration is what really is being heard in America.  The fact is that our government is increasingly more hostile to business and any investor/entrepreneur outside or within the U.S. might think twice about investment in our country.  Our government does NOT have a revenue problem.  It has a spending problem that has been compounded exponentially by the Marxists occupying the White House to unsustainable levels.

Our voice must be heard in November by both Democrats and Republicans alike:  Cut taxes and reduce spending NOW!

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