Published 6/29/2009
by jonathan.weber
at The Big Money
Small businesses, or at least the trade organizations that purport to represent them, tend to be politically conservative. Thus it's not a surprise to see small-business groups attacking President Obama's legislative agenda, including the stimulus package (too expensive), the proposed budget (higher taxes), and the climate change bill (higher energy prices).
From my perspective as a business owner, most of this is much ado about nothing. As a citizen, I have my opinions about what's good for the economy and the country, but none of the above issues really have much direct impact on me as an employer. We're not in an energy-intensive business, we don't enough profits to worry much about the taxes, and we don't see anything in the Obama agenda thus far that will lead to onerous new regulations or otherwise bring on the heavy hand of government.
The one big exception is health care reform. As I've written before in this space, this is the one federal policy issue that has a direct and immediate ...
(link)
Tags:
Related Content
The PAYGO “Diet”
economistmom.com 6/29/2009 — Today OMB Director Peter Orszag testified before the House Budget Committee on the Obama Administration’s proposal for statutory PAYGO. In his prepared testimony (and repeatedly in his responses to questions), Peter made reference to the ...
Nobel Freakonomics
jeffmatthewsisnotmakingthisup.blogspot.com 6/29/2009 — We don’t read Paul Krugman much these days—not since the New York Times outsourced its newsroom to the White House press office—but we did catch his column, “Not Enough Audacity,” in which the Nobel Prize-winning economist frets that Obama’s health ...
FT.com / US / Economy & Fed - Romer upbeat on US economy
ft.com 6/29/2009 — The US economy will feel a substantial boost from the Obama administration’s emergency spending package over the next few months, says Christina Romer, a senior White House official, who has warned against tightening monetary and fiscal policy before ...
Obama Opposes Trade Sanctions in Climate Bill
nytimes.com 6/29/2009 — WASHINGTON President Obama on Sunday praised the energy bill passed by the House late last week as an “extraordinary first step,” but he spoke out against a provision that would impose trade penalties on countries that do not accept limits on global ...
GM's Forever Bankruptcy —
The Big Money 6/30/2009
The Washington Post has dutifully pointed out that the taxpayer may never recover its investment in General Motors (GMGMQ), post-bankruptcy. Assorted debt-pay-down and forward-looking share-price valuations figure into this analysis. But a ...
Don't Get Fooled Again —
The Big Money 7/1/2009
Obama wants to give the Fed more power. Is that a good idea? Slate columnist Eliot Spitzer says no:
The United States should not lightly put our fate back in the hands of the very entity whose oversight of the economy and financial sector ...
Follow WallStreetBlips on Twitter
