The 600 pound Gorilla standing in the Unemployment Line
Every day we hear the same questioned posed by the Liberal Talking Heads; why aren’t businesses hiring people. They try desperately to blame the greedy banks who in their twisted Liberal minds are sitting on all that money refusing to lend it out. Or better still they blame business owners who have learned to do with less people and thus increase their profits; oh My God not Profits!
Today the Ringling Brothers and Barnum and Bailey Administration was celebrating only losing 36,000 jobs in February; wow imagine that only 36,000 jobs. I wonder how those 36,000 people feel. But moving right along to the point of this hub, why aren’t Businesses small and large hiring people?
Simple, the 600 lb. Gorilla standing in the unemployment line is named fear! Business Owners are scared to death of newly imposed taxes which are associated with Hussein Obama’s signature piece of legislation, Health Care Reform. How else do they pay for this monstrosity except through RAISING TAXES! Most small Business files as individuals so they know if this passes they can expect a tax increase. Even if it doesn’t they will receive one because King Hussein and his Obamatrons have vowed to roll back the Bush Tax Cuts; either way Small Business looses.
Next Business is frightened by the trillion-dollar deficits and bailouts and wonder how they are going to be paid. Trillion dollar deficits lead to double digit inflation; money is devalued and Small Business is now left holding the bag paying for new employees; paying for the mandated healthcare coverage of these new employees all with dollars that have been significantly devalued by rising inflation; THANK YOU BARRACK HUSSEIN OBAMA UMMMHH-UMMMH-UMH!
In addition to increased federal income taxes, most states if not all will be forced to raise their unemployment taxes; how else can they pay for King Hussein’s increased unemployment benefits extension and state government union employees they were allowed to keep on their bloated payrolls when the Porkulas money runs out? So businesses will be facing yet another tax increase; can you say DEMOCRAT?
But don’t forget amidst all this chaos there is a whopping $3,000 tax credit for each and every employee small businesses hire. Wow, imagine that, small businesses get a whopping $3,000 tax credit to offset the cost of hiring an additional employee that cost them around $30,000 to $40,000 per year to hire. Also because of this administration’s policies there is no increase in business upon which to justify the need for additional employees. I don’t know about you but this makes perfect sense to me given the fact according to this bunch business both large and small exist mainly to provide jobs for people not to make a profit for its owners or shareholders!
And what else goes into the DNA of the 600 pound Gorilla named fear; ever heard of Card Check and Cap and Trade. Remember Cap and Trade or as it became known as Cap and Tax? Obama supporters said it would create jobs; but wouldnot substantially raise your energy cost.” Not true. Conservative estimates published in Newt Gingrich’s America’s Solutions online magazine indicate a typical family of 4 will see their utility cost increase $1,500 per year if this bill passes. Also, even if this same family reduces usage by 26%, their utility bill will increase $12,200 from 2012 through 2035, for an average yearly increase of $754. Now, if this same family manages to reduce gasoline consumption by 15%, their fuel cost will still increase by $596 per year through this same period for a total increase of $7,500 from 2012 through 2035. Simple math reveals a yearly increase of $2,254 starting in 2012 and an aggregate increase of $19,700 from 2012 through 2035.Remember most small businesses file as individuals not as businesses!
In addition to the abovementioned increased energy cost conservative studies revealed this legislation will reduce employment from 1,105,000 to 2,479,000 jobs per year through the same period 2012 through 2035. So, not only will this bill raise the energy cost for all Americans, it will result in a substantial job loss.Some have referred to Cap and Trade as the Full Employment of China Bill!
And don’t forget about Card Check; King Hussein’s payback to the unions bill. With Card Check the Federal Government does away with the secret ballot during the election of whether or not the employees of a company want to vote in union representation. Imagine that, a substantial change in critical union elections that the Democrats are pushing as necessary reform in order to make elections more equitable. Isn’t that the purpose of the secret ballot; to insure no one is intimidated into voting for or against something against their will?
So, 600 pounds or not, this Gorilla is running at full speed away from hiring people as long as these Marxist control this economy; do you blame him?