Subj : Re: Why does Obama HATE small business??? To : All From : wildbilly@withoutta.net Date : Thu Jan 31 2019 19:20:08 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 peer02.iad.highwinds-media.com!news.highwinds-media.com!feed-me.highwinds-media ..com!nx02.iad01.newshosting.com!newshosting.com!novia!posts.news.sonic.net!nnrp 1.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: Sat, 11 Aug 2012 16:18:48 -0700 Message-ID: Lines: 189 NNTP-Posting-Date: 11 Aug 2012 23:18:50 GMT NNTP-Posting-Host: a4289089.news.sonic.net X-Trace: DXC=]309bZV]R>S9;8C>kIbIFYm4K\QM1CV^P1OYf0H`?;XQ0?RdJ5dR7[VNE@Qi=XS3GWc6i<5iSRW :XXnjCDEa4<6^ X-Complaints-To: abuse@sonic.net X-Received-Bytes: 10114 Xref: news.eternal-september.org misc.survivalism:21523 az.politics:2396 ca.politics:5425 dfw.politics:232 nyc.politics:158 In article , Bye Bye Glove wrote: > On 8/10/2012 4:25 PM, Billy wrote: > > In article, > > the green flash wrote: > > > >> Why Does Obama Hate Small Business? Because like individual citizens, they can't spread money around like investment banks, and corporations. In the 2008 Presidential election the following were Obama contributors. University of California $1,648,685 Goldman Sach $1,013,091 Harvard University $878,164 Microsoft Corp $852,167 Google Inc $814,540 JPMorgan Chase & Co $808,799 Citigroup Inc $736,771 John McCain received money from Merrill Lynch $375,895 JPMorgan Chase & Co $343,505 Citigroup Inc $338,202 Morgan Stanley $271,902 Goldman Sachs $240,295 US Government $202,929 AT&T Inc $201,938 ----- In the 2012 Presidential election the following are Obama contributors. 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 In 2012, the following support Romney. 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 It's not that the Government doesn't like small business, but legislation can't conflict with what large donors want, i. e. MORE. It's not real complicated. See to see where they want to take us. > >> > >> > >> 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 > > Yes it does. > > > 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 > > 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? > > 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. > > 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 would > happen to the housing market? Overnight every home in America would lose > 40% of its already decimated value. 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. > > 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. Our taxes pay for government > and all those government employees with their obscene pensions. 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. 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. > > 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 -- 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) .