Crush the Stakeholders

Small business has been called the backbone of America. Yet, in all of Barack Obama's pronouncements on the campaign trail and as President, they are an enemy. Obama has made those earning more than a quarter of a million dollars a year his target. Obama and his supporters want to tax these people to pay for the socialist Utopia he is bent on creating. They are his bete noire with their Robin Leach Champagne lifestyle. Yes, they must be indulging in caviar and truffles as they struggle to make payroll and devote more energy each day to the growing morass of regulation and compliance issues being forced on them at the local, state, and Federal levels. Most of these so-called high-end earners are small businesses just struggling to stay open, which is increasingly difficult during the Obama prosperity. These high earners are largely Subchapter S corporations who can not afford a mandate to provide health insurance. They are not hiring or are paring their workforce as it is. Obama is being applauded in the old line and financial press for a good month as stocks surged in July (up more than eight percent), but Obama promised to help Main Street not Wall Street. The boy President is creating the first of its kind-a jobless recovery. Yes, with unemployment hovering near ten percent (and rising) and with many job seekers nearing the end of their unemployment benefit, the resurgence Obama is stealing credit for bringing (his actions have actually forestalled the turnaround-the economy is cyclic) may bear all the hallmarks of a depression.