Posted on 11/01/2012 7:29:45 PM PDT by Hojczyk
President Obama’s policies have been brutal to the business world, and small businesses in particular. An onslaught of red-tape regulations, ObamaCare, the threat of higher taxes, generally poor economic growth — none of these have been kind to entrepreneurs or owners trying to grow their outfits. Despite the Obama administration’s several showy moves to come to the aid of small business, their vital signs just haven’t picked up, via Bloomberg Businessweek:
The measure estimates employment at independent companies with fewer than 20 employees that use Intuit’s online payroll product. Companies with fewer than 20 workers make up nearly 90 percent private employers in the U.S. …
Companies with fewer than 20 employees have actually shed jobs during the economic recovery; the Intuit Small Business Employment Index was 0.9 percent lower in October 2012 than in July 2009. Moreover, since May, the index has moved in the opposite direction from BLS estimates of overall employment, with Intuit reporting a loss of 10,000 small business jobs in each of the last two months alone. …
Compensation and hours are similarly weak. Adjusting for inflation and seasonality, monthly compensation for all employees (including the owners) at businesses with fewer than 20 employees is 10.2 percent lower than when the president took office.
Ouch. As Team Romney showcases here, it’s just been too much for some businesses to take.
(Excerpt) Read more at hotair.com ...
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Obama is killing Redstate America.
I began my career in Richmond in the early eighties near 7th and Main. Bill’s was either on the same block or right around the corner. I can’t remember which. The barbecue was great, the people were terrific and the prices were fair. You could get in and out of there in 20 minutes, less than 5 if you ordered take out. When I saw the sign in the still picture on the previous page my heart dropped. It was one of those, “Uh, oh” moments.
I now live in Winston Salem, North Carolina and small businesses here are getting killed. I would bet that the average local shopping center (not the big ones) is at less than 50% occupancy at this time and it’s getting worse each day. I’ve never seen it so bad for small business in my entire life.
ncjetsfan on November 1, 2012 at 8:16 PM
Here’s another from a Plumbing Company gone broke.
http://www.youtube.com/watch?v=JEhvF8b8Mrg&feature=colike
Excellent — real — sad.
God Save the Republic....
Stores that supply incidentals are going under in my suburban PA community - a dry cleaners, bar-restaurant, flower shop, video store.
We used to go to Bill’s BBQ back in the 50s and early sixties before we left VA for the USAF and other places.
We used to go to Bill’s BBQ back in the 50s and early sixties before we left VA for the USAF and other places.
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