Barack Obama does lip service to the concept of entrepreneurship and small business ownership and, as he moves full tilt into election campaign mode, repeatedly cues up small business photo ops in an effort to become all things for all people. Like a shape-shifter from a sci-fi film, Obama’s primary skill is to appear to be something he is not, as he repeatedly masks his full-tilt assault on entrepreneurs and small businesses.
Consider the many, small business photo-ops that Team Obama has staged in the past few months, in New York, Ohio, Wisconsin, Georgia, Michigan, and Florida. At the same time, the regulatory costs and burdens of Obama’s policies have fallen heavily on the small business community, even as the net worth of Americans has plunged 40% in the past three years under the Obama Administration.
Barack Obama has, arguably, destroyed more wealth during his three years in office than almost any other individual in the history of the United States. And much of this destruction has occurred because Obama is anti-small business and anti-entrepreneurship. Much of this destruction of the economy has occurred because Barack Obama does not understand that business owners and risk takers are what grow an economy, and when the government creates an environment of instability, uncertainty, scapegoatism, topped off with draconian tax regulations, businesses and the economy suffer.
To Obama’s thinking, small business owners are considered part of the “rich”, and thus have become the whipping boy of the Obama Administration. The group labeled “rich”, earning $200,000 or more annually, whom Barack Obama believes need to be taxed at 40% or higher is mainly composed of small business owners, sole proprietors and entrepreneurs, who file their business taxes on Schedules and addenda to their personal income taxes.