Obama Stimulus Equals Epic Fail – Small Businesses are Suffering
Government is not efficient. Recovery.gov indicates that 640,329 jobs have been created or saved thanks to the stimulus. Sounds fantastic until you realize that over 15 million people are unemployed, but I digress. The government has spent $194.5 billion taxpayer dollars of the stimulus. That equals $303,750 per job. Not even a member of the House or Senate makes that kind of scratch for serving. More like $174,000. Your local fire fighter is likely to make around $45K. A teacher around $50K. A plumber around $40K.
What that means is that the government could have actually done REAL stimulus and put that $303,750 dollars in the hands of a small business and let them hire 7 extra plumbers. But the current regime apparently has no love for small business. If they did the stimulus would have been spent far differently.
Today on the Glenn Beck show, Eric Bolling interviewed Dave McArthur who runs a bakery in St. Louis. He said that if the government had given him the $300K he could have hired 3 people and pay 30% of his debt. “Do that for three years and I’ll be debt free and a chain in five years.”
He went on to say that “government doesn’t have a clue”. Bolling wanted to know how he was going to pay for health care and make ends meet asking, “are you going to charge your customers more?”
McArthur said that’s what the government think you can do. Just raise the prices and pass them on to the customers. But as McArthur said, “ask around the room there…do you have any extra money to spend? The consumer has no more money, Washington. Listen! They have no more money.” (2:12)
Listen to this guy. He understands how Obama and his minions will drive small business out of business. This is the problem with having a President, an Administration and far too many members of Congress that have never run a business before. They do not have a clue. They think government can solve everything. They think they can run everything and that business is the cause of the problems.
Sadly with a bunch of politicians that do not care for capitalism this is what you end up with. As Margaret Thatcher said, “The problem with Socialism is that you run out of someone else’s money.” It’s pathetic that they think they can spend government money and get us out of this economic hole. They need to give incentives to small, medium and large businesses to create jobs and spend money. That is not happening with this Congress and Administration.
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