Skip to comments.Cool Blast Lemonade: Why I Still Believe in American Greatness
Posted on 07/19/2012 6:38:29 PM PDT by Starman417
I remember my first lemonade stand. Lost money, but learned a lot about hard work.
Now, with Obama declaring war on small business, I wonder how long it will take the Sutton family tykes to be targeted, based on this Fox News article.
Clara Sutton talks about what she has learned so far:
You learn how to make change. We learned about customer service -- that we should always be nice to customers. We learned how to advertise.Wait until you learn about city permits, sales tax, unemployment tax, income tax, and property tax, not to mention health regulations, workers comp, insurance, audits, ADA, and health care. Not so cute anymore.
We donate some of the money to charity to help other people out. We use the rest for supplies. We might buy a gift for our brother since hes our employee.
Obama has declared war on small business, making it official actually, because the bureaucrats have been targeting small business for years. Andrew Sutton, a small business owner himself, had something to say about President Obama's take on the debt business owners owe to the government, :
It was not very presidential. A leader should lead by being more positive. [Obama] should of said, you guys should be the backbone of the economy.Obama entered the his term knowing the economy was in crisis. Little remembered is how active Obama was even before he assumed office. In fact, the second half of TARP spending was at Obamas request, before he assumed office. Bush agreed to take the fall for it. Ann Coulter covers this tidbit:
The theory is that a new resident is stuck with the budget of his predecessor, so the entire 2009 fiscal year should be attributed to Bush.
But Obama didnt come in and live with the budget Bush had approved. He immediately signed off on enormous spending programs that had been specifically rejected by Bush. This included a $410 billion spending bill that Bush had refused to sign before he left office. Obama signed it on March 10, 2009. Bush had been chopping brush in Texas for two months at that point. Marketwatchs Nutting says thats Bushs spending.
Obama also spent the second half of the Troubled Asset Relief Fund (TARP). These were discretionary funds meant to prevent a market meltdown after Lehman Brothers collapsed. By the end of 2008, it was clear the panic had passed, and Bush announced that he wouldnt need to spend the second half of the TARP money.
But on Jan. 12, 2009, Obama asked Bush to release the remaining TARP funds for Obama to spend as soon as he took office. By Oct. 1, Obama had spent another $200 billion in TARP money. That, too, gets credited to Bush, according to the creative accounting of Rex Nutting.
After taking office, and facing what was, in his own words, the worst financial crisis since the Great Depression, what was the game plan he and his staff came up with? Their priorities were as follows:
(Excerpt) Read more at floppingaces.net...
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