There has never been a President so hostile to the business community in my life time or anybody’s life time for that matter as Obama. He has practiced Marxism in the first degree such as the Marxist number one rule of class warfare, business owner against common person. I at one time was a small business person, and small business is about 70% of all businesses. You make it tight for small business to prosper, and that will be the fall of the United States, and that is the game plan of Obama; look at his background since childhood, influenced by socialists, communists, a Reverend who preaches hate against the United States, and a terrorists; with these influences growing up how can Obama be a capitalist, and that is why in fact he is a Marxist; I have not been so sure of anything in my life than the fact that Obama is a Marxist and he is out to ruin the economy of the United States.
I remember what I had to do to even start my business, which was a restaurant. First you have to convince a bank to give you the capital needed by submitting five years of earnings projection.You have to show you have enough capital yourself. Once you clear that hurdle you apply for the various licenses to operate a business, and of course that is an expanse; you buy the equipment needed for your restaurant such as used or new. Used is a lot cheaper, but if it breaks there is usually just a 30 day guarantee. Your construction is all finished but now you need to pass various inspections such as fire inspection, health dept., city ordinance, are you within zone qualifications to be given a liquor license, etc.,etc..
Your doors are now open, and your main anxiety now is to make a profit. You have a President who never ran a lemonade stand, which means he knows nothing about business, but knows enough to tax anyone making over $400,000, a tax increase, or a married couple making over $450,000. Just look how stupid that sounds, if you are single its $400,000 but if you are married and filing jointly its $450,000. So Obama is saying that extra person is good for just an other $50,000. Obama is the Harvard graduate, not me. Thank the US House of Representatives for making it $400,000, and not the $250,000 that Obama wanted.
Many small businesses do not incorporate for various reasons, the main one being that they are to small still, and the expense to incorporate, so they file for Sub Chapter S. What that does is allow the small business person to file as a personal return at the end of the year. That means a married couple will file as one, so you can imagine what would have happened if the taxable amount stayed at $250,000 instead of the agreed upon $400,000. What is $250,000 in some parts of the country such as the East or West coast? You tell me this President is not out to choke the economy of the United States. You choke the small business person, and you choke the United States of America.
Lets go back to my restaurant. After hopefully I am able to survive the paying of taxes and all the regulations the government has levied on me, and I am able to make a profit, naturally the employee who is working for me expects to make a living. You, who are reading this know what you need in earnings for you to make a living. That has to come from my establishment, and if I am being choked from a Marxist philosophy that this President practices, I as a business owner will not make it and neither will you, and this will be happening to the small businesses all across America.
It is regulations that kill the business person more than anything else. I get a kick when Democrats say that the country should go back to the Clinton era tax rates. What they don’t say is President Clinton went out of his way to cut regulations, after he lost the Congress in 1994, he started sounding like a Republican. This is from SF Gate: President Clinton announced yesterday the first in a series of moves to streamline the way the government regulates drugs, the environment and small business.
The event marked the first step in a year long campaign to reduce bureaucracy and narrow government intervention into private industry.
Now we forward to Obama. President Obama’s second term promises to be among the most intense periods of regulatory activity since the late 1970’s,(President Carter) The major focal points for new rules will be three of the country’s largest industries: health care, energy/environmental, and financial services. My point of view is that this is Marxism at its best. Why is this Marxist President insistent to give our economy all these new regulations now, when the economy needs help? He wants to level our economy, that’s why.
Lets go to welfare. This is Aug 22, 1996. President Bill Clinton signed a sweeping Temporary Assistance for Needy Families(TANF) The measure, hammered out in congress, imposes a five-year limit on benefits, requires able-bodied recipients to go to work after two years, and gives the states incentives to create jobs for people on welfare.
July 12, 2012. The Obama Dept. of Health and Human Services (HHS) released an official policy directives rewriting the welfare reform law of 1996. The new policy guts the federal work requirements that were the foundation of the reform law. The Obama directives bludgeons the letter and intent of the actual reform legislation.
In the four years after welfare reform, the caseload dropped by nearly half, employment surged and child poverty among affected groups plummeted. The driving forces behind these improvements was the rigorous new federal work requirements.
With Obama’s new directives is that welfare precipitants once again have a total reliance on government with no obligation on their part to meet any responsibility to get off the welfare roll. This is Marxism at its best, a reliance on government.
I would like to know, that if a President of the United States, is governing in such a motive as to bring down the United States, and the Congress is too partisan to impeach, is there any agency in the United States that can commence charges, such as the FBI? There is no way our economy can sustain all these new regulations, and new taxes all across the land. The economic collapse is coming. What makes me laugh are all these Democrats that are in total shock when they look at their first paychecks of the new year and see a large tax increase. The question is what will Obama do with this new found money?, probably pay for all those free cell phones he was giving out to help him win reelection.