Subj : Re: Why does Obama HATE small business??? To : All From : wildbilly@withoutta.net Date : Thu Jan 31 2019 19:20:06 Path: eternal-september.org!reader01.eternal-september.org!reader02.eternal-september ..org!news.eternal-september.org!news.eternal-september.org!mx04.eternal-septemb er.org!mx04.eternal-september.org!feeder.eternal-september.org!news.glorb.com!n peer01.iad.highwinds-media.com!news.highwinds-media.com!feed-me.highwinds-media ..com!border3.nntp.dca.giganews.com!border1.nntp.dca.giganews.com!border4.nntp.d ca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!novia!posts.new s.sonic.net!nnrp1.nntp.sonic.net!not-for-mail From: Billy Newsgroups: misc.survivalism,az.politics,ca.politics,dfw.politics,nyc.politics Subject: Re: Why does Obama HATE small business??? Organization: Camp Runamuck References: <84fr18tb85kaifu3t4utigbasokh67gsi9@4ax.com> User-Agent: MT-NewsWatcher/3.5.2 (Intel Mac OS X) Date: Fri, 10 Aug 2012 15:25:08 -0700 Message-ID: Lines: 251 NNTP-Posting-Date: 10 Aug 2012 22:25:08 GMT NNTP-Posting-Host: 7b24c568.news.sonic.net X-Trace: DXC=6QJ=Z=V4gS8>;;8NdMNWb;m4K\QM1CV^01OYf0H`?;X1jHPl2_4NE@Qi=XS3G7f?iVRi1 X-Complaints-To: abuse@sonic.net X-Received-Bytes: 14095 Xref: news.eternal-september.org misc.survivalism:21509 az.politics:2388 ca.politics:5418 dfw.politics:225 nyc.politics:153 In article , the green flash wrote: > Why Does Obama Hate Small Business? > > > posted by Wayne Allyn Root on Mar 25, 2011 > > > By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and > Author of ³The Conscience of a Libertarian² Ya know this sounds good until you realize that part of the function of healthcare reform is to slow, or stop the rise in healthcare costs. The main reason people used to go bankrupt was illness. And you also have to understand that national laws are written to benefit the truly rich, not small businesses. "During the savings-and-loan scandal of the 1980s‹a scandal whose dimensions, by todayıs standards, seem almost quaint‹the banker Charles Keating was asked by a congressional committee whether the $1.5 million he had spread among a few key elected officials could actually buy influence. ³I certainly hope so,² he replied. The Supreme Court, in its recent Citizens United case, has enshrined the right of corporations to buy government, by removing limitations on campaign spending. The personal and the political are today in perfect alignment. Virtually all U.S. senators, and most of the representatives in the House, are members of the top 1 percent when they arrive, are kept in office by money from the top 1 percent, and know that if they serve the top 1 percent well they will be rewarded by the top 1 percent when they leave office." - JOSEPH E. STIGLITZ an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank > > Iıve started more than a dozen small businesses. For one, over $20 > million was invested by me and investors who believed in me. Iıve paid > payrolls, health insurance, payroll taxes, workers comp, and > unemployment insurance for hundreds of employees. > > Because of that, my employees were able to pay their mortgages, buy > groceries, send their kids to college, and provide for their families. > For this same small business, I spent about $50 million dollars on > things like advertising, marketing, promotion, lawyers and accountants. > That money enriched and employed thousands of others. And, thatıs just > one small business. Think of the impact that thirty million small > business owners have on the U.S. economy. No wonder we create 70% or > more of Americaıs new jobs. Small businessmen and women are a far more > powerful economic force than Exxon, Microsoft, GE, or WalMart. > > So why do Obama and his socialist cabal hate us? Why do small > businessmen and women feel demonized and punished? Why is it Obamaıs > goal to drive us out of business? Socialist cabal? What is the basis for this accusation? Was this guy out complaining about Reagan's "Shadow Government"? > > Mug or rob me once? Maybe itıs ignorance or a mistake. Twice? Itıs a > pattern. But, coming up with ways to rob and destroy me and my > businesses on a daily basis? Itıs time to get the message. Without a > doubt, Obama and the progressive left are the enemy of small business. Wait till he sees the Trans Pacific Partnership. Trans Pacific Partnership: Corporate Escape From Accountability July 02, 2012   Paul Craig Roberts The TPP has been called a ³one-percenter² power tool. The agreement essentially abolishes the accountability of foreign corporations to governments of countries with which they trade. Indeed, the agreement makes governments accountable to corporations for costs imposed by regulations, including health, safety and environmental regulations. The agreement gives corporations the right to make governments pay them for the cost of complying with the regulations of government. One wonders how long environmental, labor, and financial regulation can survive when the costs of compliance are imposed on the taxpayers of countries and not on the economic activity that results in spillover effects such as pollution. - Paul Craig Roberts, former Assistant Secretary of the Treasury Department in the Reagan administration and a former associate editor of the Wall Street Journal. He has taught at Georgetown University and Stanford University > > Letıs look at the facts. > > For 30 years I have been able to deduct mortgage interest from my > taxable income. Obama wants to end that. How many so-called "wealthy" > taxpayers (i.e. small business owners) would no longer be able to pay > their mortgage? How many homes would go into foreclosure? What about those who can't pay now, or who have already gone into foreclosure? > What would > happen to the housing market? It still would be screwed, but that started under "Free Market" Dub-ya. > Overnight every home in America would lose > 40% of its already decimated value. Already has. Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says -- Again if you do your homework, you will find that this is because Dub-ya didn't respond quickly enough to the recession. ----- A close look at the fundamentals Obama had inherited on taking office should have made him deeply pessimistic: millions of homes were being foreclosed upon, and in many parts of the. country, real estate prices were still falling. This meant that millions more home mortgages were underwater‹future candidates for foreclosure. Unemployment was on the rise, with hundreds of thousands of people reaching the end of recently extended unemployment benefits. States were being forced to lay off workers as tax revenues plummeted."' Government, spending under the stimulus bill that was one of Obama's first achievements helped‹but only to prevent things from becoming worse. FreeFall by JOSEPH E. STIGLITZ > How many small businesses earn a > living off of real estate? How many millions of jobs would be lost? Does > this sound like a President looking to create jobs? > > For 30 years FICA taxes have been based on earnings currently capped at > just over $100,000 per year. Obama wants to remove the cap, thereby > hitting small businessmen with the largest tax increase in history. > Overnight a small business owner making $500,000 per year would see his > or her FICA plus Medicare taxes go from about $15,000 per year to > $75,000. Thatıs $75,000 before federal or state income taxes. Thatıs a > $60,000 per year tax increase for a small business owner. That would > drive hundreds of thousands of small business owners out of business. It > would force layoffs. It would lower consumer spending and kill more jobs. > > For 30 years I ran my business without the extra taxes to pay for > Obamacare. Now we face new taxes on income, stock sales, home sales, > even on tanning beds! Worse is the provision mandating we report > annually to the IRS every vendor from whom we purchase more than $600 of > goods and services during the year. The cost of complying with this Big > Brother Gestapo mandate is unfathomable and threatens to drown millions > of small businesses in paperwork. > > For 30 years, most small businesses could raise capital without > government permission. Obama and his socialist friends in Congress want > to change that. Last year Democratic Senator Dodd tried to pass > financial reform that included a provision increasing the amount of > money one would have to earn to be considered an ³accredited investor.² > That would reduce the angel investor pool by an estimated 70% and > require most PRIVATE businesses get permission from the SEC to raise > money. Do you know what an SEC lawyer costs? Raising capital for any new > startup would suddenly cost an extra $250,000 in legal feesŠand take > months, or years, to wait in line for SEC approval. This would kill new > business start-ups. Who could come up with this idea? Only a Marxist > looking to destroy the American economy, or perhaps a cabal of > extortionist lawyers looking for government to mandate obscene new legal > fees. Either way, it was a ³Friend of Obama.² > > For 30 years I ran my businesses without the White House being in > partnership with the American Bar Association. Now Obama has found a way > to encourage every lawsuit junkie and disgruntled employee to make up a > story and sue their boss. Every caller to the White House alleging their > boss has broken the law now gets assigned a lawyer willing to work for > contingency (no fees up front). Say goodbye to American business...and > goodbye to jobs. It is our right to have our day in court. If it is frivolous, the complaint will be thrown out. > > Keep in mind that all those new taxes and regulations mentioned above > are aimed at people who risk their own money to start businesses. > Collectively we risk trillions. Our courage and capitalism fuels the > economy and creates over 70% of new jobs. And your deregulation nearly crashed the economy. > Our taxes pay for government > and all those government employees with their obscene pensions. Only thing obscene is that Wall Street bank knowingly sold crap derivatives, that rating agencies (Fitch, S&P, Moody's) rated AAA. Coupled with less tax revenues due to job losses caused by the same shister banks employers are having a hard time meeting their pension obligations. > Running > a business often requires working sixteen-hour days and is the hardest > thing youıll ever do. If our reward for all this risk, sacrifice and > work ethic is to be punished and demonized, why would we keep doing it? > > This is no mistake or coincidence. This is a purposeful plan to destroy > capitalism. In truth it appears to be capitalisms plan to destroy democracy. > And the best way to destroy capitalism is to destroy small > business. Obama is trying to redistribute our wealth and create a jobs > crisis. He canıt stand that we small business owners donıt need or want > government to save us. So heıs out to ruin our businesses, and bring us > to our knees begging for government to help. And as a bonus, he gets to > wipe out the biggest contributors to conservative causes -- small > business. In other words, killing small business wipes out Obamaıs > political opposition. > > Yes, ladies and gentleman, we have met the enemy of small businessŠand > he resides in the White House. Again, sees the Trans Pacific Partnership. This is were our real danger lies, at least for the moment. > > Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He > now serves as Chairman of the Libertarian National Congressional > Committee. He is the best-selling author of "The Conscience of a > Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & > Tax Cuts." His web site: www.ROOTforAmerica.com 1% of imported food is inspected. Do you want domestic food inspected for rat shit? Do you want to know if the water coming out of your faucet is safe? Do you want the air to be healthy enough for your kids to breath? Do you want to work in a safe environment? Do you want building codes? Helloooooo, it's called regulation. Deregulation has already crashed the economy. How many crashes do you want? We need to get money out of politics, out of campaign financing. Top Contributors Barack Obama (D) 1 Microsoft Corp $418,845 2 University of California $411,386 3 Dla Piper $314,977 4 Google Inc $303,225 5 Harvard University $276,824 Mitt Romney (R) 1 Goldman Sachs $636,080 2 JPMorgan Chase & Co $502,874 3 Morgan Stanley $476,300 4 Bank of America $465,850 5 Credit Suisse Group $421,310 -- Welcome to the New America. or E Pluribus Unum Green Party Nominee Jill Stein & Running Mate, Cheri Honkala --- Platinum Xpress/Win/WINServer v3.1 * Origin: Prison Board BBS Mesquite Tx //telnet.RDFIG.NET www. (1:124/5013) .