(The) C0MM0N PE0PLES S0URCE for News

Update: January 29, 2010

This subject has resulted in a tremendous amount of conversation in the main stream media. The Republicans have somewhat embraced it, but say it doesn’t go far enough. They want huge tax breaks extended to large corporations and wealthy individuals. But the most informative comments have come from the small business owners themselves, including the National Federation of Independent Business.

What I so glaringly pointed out in this original post was confirmed by small business owners. Some are saying “until you have customers coming in the door, you’re going to have less of a reason to hire”. Others are saying that they wouldn’t take on new employees unless there was work for them to do. Well, any fool can figure that out.

But the Obama administration pushes on. Rep. Nydia M. Velazquez, who heads the House Committee on Small Business, is still insisting that the reason small businesses aren’t hiring is because they can’t get a loans. This exemplifies just have deaf our politicians are. When the people they insist on helping tell them they don’t want that help but the politicians keep forging ahead, something is bad wrong. But Velazques and many of the others know of only one way to conduct business — spend taxpayers money. They aren’t looking after the people; they are looking after self, in the form of bragging points during the next election. Which is exactly how the Republicans run their business. So what’s new.

January 28, 2010

Here’s the case – I own a business that produces widgets. Sales is what it is. I have X-number of employees on my payroll. I’ve had to cut back due to the sagging economy, but the remaining employees have stepped up to the plate. As a result, production and sales has not suffered. To show my appreciation for the extra work, I’ve given each my employees an accompanying pay raise. Even so, my payroll is still noticeably less than what it was, the burden on company benefits has decreased and I’ve seen other benefits as well. Now comes a tax-break incentive from the government for me to hire more people. I’ve been motivated and hire more people. Within three months my profit margins have fallen even though production and sales has not. What happened??

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