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Comment on: Obama nation...

Obama scares business....

5 Comments

Obama is scary

The world's economies are contracting, too. If you see oil go to $50 a barrel, the world will pull out of treasuries and our government will renig on our debts or print money nobody will take. We'll be looking at 2 cent dollars. With or without Obama. It will take years to turn things around.

It is not just business

Everything Obama does is scary, just think about it. He does not let anyone know where he was born. He has not provided proof that he went to all the collages that he said he went to. He claims he has no friends, just people in his neighborhood. He will not go interviews with reports that wants to ask real questions, not just the ones about what kind of pillow someone sleeps on. But questions that actually American want to know the answers to. So as far as I am concerned we all should be scares of Obama.

Jim McG: Here is another take, part 1

Point #1:
Obama wants to raise the mminimum wage to $9.25 by 2012. This will stress small businesses to reduce the workforce in order to meet a new federally mandated wage. More work will be done by fewer people, causing a loss of jobs. It will also destablize those unions that represent unskliied workers such as retail unions, unlicensed healthcare personnel, bus drivers, unskilled laborers, small trucking companies, small manufacturers, and small transport companies.
Point #2:
Obama wants to increase taxes on small businesses that make more than $250,000.00 per year. That reduces the the available cash for new hiring since his increase is only offset by the ability to create new jobs. When jobs are dissolved, then unions have no recourse and the employee will be unemployed.

Jim McG: Part 2

Point #3:
A.) Obama's healthcare plan disenfranchises hundreds of thousands of trade unions that work from union halls, such as steel workers, iron workers, carpenters, lathes, plumbers, electricians, and laborers to name a few. These unions pay into a welfare fund since they work for different companies throughout any one calendar year.
B.) Obama's healthcare changed from penalties to the employer to no penalties for not offering healthcare. Simple business economics tells us that employers can now offer inferior health plans with lower company contributions to encourage the employee to opt for the cadillac of healthcare plans at minimal cost to the employee and a greater assumption of government responsibility. Employers can then take their savings and create one new job to receive that new "tax credit" for creating a new job while saving money. At the same time, the government will become the largest consumer of healthcare, ergo it will have "bought in" to the free enterprize healthcare system and dictate the terms of a government run health program.
Point #4:
Unions will no longer have healthcare to negotiate and wages will be moot since unskilled union workers can now go to employers whose minimium wage is comparable to the union wage. Workers will no longer need to pay union dues because they will have healthcare at government expense and will keep more of their earned cash by eliminating union dues.
Point #5:
Pensions are currently at risk due to the current Market Meltdown. Many small employers offer 401Ks (with employer contributions), 403Bs, and small, fixed pensions. If there are no jobs, there will be no pensions, and soon Obama will want to socialize pensions so that he "spreads that wealth around". After all, you don't have to work for healthcare, so why work for a pension.

Simple is complicated..

I am always afraid of simple answers to complicated problems.

Greenspan said he does not now believe in the free market, he is wrong. What he put his faith in was the diverative, simple gambling on the way a market will go. He was for it. It is what brought our market down. This gaming on our market was outlawed after the great depression. It has nothing to with free markets it has more to do with horse racing.

It is complicated to make something simple. People must know the details of any business to make simple seen easy. I do not think anyone in goverment has that detail knowleged. They have a tremendous knowledge on how to get elected.