I remember my first lemonade stand. Lost money, but learned a lot about hard work.
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.
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 he’s our employee.
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.
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 Obama’s 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 didn’t 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. Marketwatch’s Nutting says that’s Bush’s 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 wouldn’t 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:
- One of the largest tax increases in American history
- Ran up the biggest debt of any President ever
- First President to never pass a budget
- First President to complete a whole series of historic firsts
- Appointment of numerous czars advocates, that turned out to be anti-business
- Launched a class war on the wealthy
- Announced support for Taxmageddon especially if it could be used to continue his class war
- Unilaterally granted workers permits to hundreds of thousands of illegal aliens to compete with American workers
- Unilaterally removed the core of welfare reform
I could go on. I do not care how big a supporter of Obama you are, you cannot possibly consider the above list as actions by someone intending to repair the “worst financial crisis since the Great Depression.” These actions are done by someone who intends to change the economy, not fix it. The bad kind of change, not the good kind.
Hey Obamites? Want me to give him the benefit of the doubt? Want me to assume he intended to fix the economy, not break it further? Fine, for the sake of argument, let’s play that game. Assuming Obama wanted to fix the economy, has he succeeded? No. Period. Worst recovery from a recession ever. More jobs? No. Longest period of high unemployment since the Great Depression.
I could go on. The Obamite response? It’s Bush’s fault. It’s ATM’s fault. It’s rich people, a tsunami, locusts.
Not my fault
Basically, Obama wants to blame anyone or anything for the problems we still face. But he NEVER accepts responsibility for the things he has done – the things that failed to work.
And some day, some little girl selling lemonade is going to be out of business because Obama declared war on small business.
Crossposted from Blog Of America