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Guest Post: Why Small Business Isn't Hiring And Won't Be Hiring

Tyler Durden's picture




 

Submitted by Charles Hugh Smith from Of Two Minds

Why Small Business Isn't Hiring and Won't Be Hiring

Pundits and politicos promote a magical myth: a coming small business hiring boom. That fantasy is completely disconnected from the harsh realities of private enterprise.

Regardless of their ideological persuasion, pundits and politicos reliably repeat the mantra that "small business is the engine of jobs growth." The mantra is followed by the pundit-politico's belief that a "small business jobs boom is right around the corner."

I have news for the pundits and politicos: ain't gonna happen.
Why? The answer cannot be found in the manipulated and massaged Bureau of Labor Statistics numbers (have any real jobs been created, net of jobs lost, in the past year? Who knows?) or in the punditry's Cargo-Cult-like belief in a mythical "small business jobs machine" that they have never experienced and know nothing about.

While a handful of the new crop of politicos are entrepreneurs, most Washington denizens are attorneys, the offspring of wealthy or politically connected families or people who have lived off the government at some level their entire lives. Most have never had a customer or client or had to borrow off a credit card to make payroll. (I have; any pundits who can honestly raise their hands for that one?)

Pundits come in two flavors: the academics, happily making mud pies in the moat surrounding their secure Ivory Tower, and the loud-mouths who have screeched louder and longer than the other media-monkeys. All know less than zero about actual small business.

To understand why small business isn't hiring and won't be hiring, you need to understand the psychology of this era and the systemic pressures on all small businesses which don't live off Federal government contracts. In a very powerful sense, those businesses which live from one government contract to the next are not private businesses at all: they are merely proxies or extensions of the government. Their non-governmental work is either trivial or non-existent.

So when some government set-aside program sanctions $40 million or whatever for "small business," it's no different than opening another government office: the only difference is the employees are not Civil Service. The competition is not between private-sector and government, it's only between rival government contractors.

What pundits and politicos don't get is small business knows the "recovery" is totally bogus. Why hire somebody who you'll have to lay off a few months from now? Laying people off is emotionally painful--you dread it, tire of it, are wearied by it. This is a real human being who is losing their job, not some ginned-up statistic hyped by some think-tank-pundit pulling down $15K a month for dishing whatever flavor of propaganda he/she is paid to churn out.

The Washington establishment--the Fed, the Treasury, Congress, the Obama Administration-- seem to believe they've successfully pulled the propaganda wool over Americans' eyes, and that the yokels actually believe "things are getting better and better every day and in every way."

Only the yokels without clients, customers and payrolls can believe the propaganda.

Meanwhile, back in the real world, small business income is down 5%. Small Business: Still Waiting for Recovery.

According to data from the Bureau of Economic Analysis. Proprietors' income-- the profits of unincorporated businesses such as partnerships or individuals who work for themselves--is down nearly 5 percent from two years ago, while corporate profits have jumped 21 percent in that period.

About 19.9 million partnerships and sole proprietorships with no employees existed in 2008, the latest year for which U.S. Census Bureau data are available. That number fell almost 2 percent from the previous year.

In a private-sector workforce of about 106 million, that's about 19% of all people with a job. Recall that the BLS counts you as employed if you work one hour a week or if you're "self-employed," even if you aren't making a dime.

Only in the Fantasyland of propaganda does nobody notice that self-employed people who are seeing revenues and profits fall do not need to hire someone: they're sinking all on their own.

Only in the Fantasyland of propaganda does nobody seem to notice that for every celebrity-chef restaurant opening to gushing hype in Manahattan, West L.A. or San Francisco, two other restaurants quietly closed.

Small business understands uncertainty is now permanent. That's why 26% of all new private-sector hires are temporary--and if we subtract the bogus phantom jobs created by the BLS "birth-death model," then the number is probably more like a third or even half.

Small business understands that the "recovery" is merely a Federal towel stuffed in the gaping hole in the rowboat's leaky planks, and that it's literally insane to hire workers when your revenues could evaporate next month.

Small business re-discovered it could do more with less. Once businesses trimmed payrolls to survive, they discovered they could make more money for themselves and do so with fewer people. Why add to staff when all that means is transferring your own paycheck to someone else?

Small businesses are closing, not opening. Rents have barely dipped, local government taxes and junk fees have skyrocketed, and the complexities and costs of the new healthcare bill have all added systemic pressures on every small business: it's either adapt quickly and successfully or perish, and many are choosing to close down and quit working so hard for so little payoff.

When leases expire, the doors close, and no one leaps in to pay boomtime-level rents, and heavy business licence and permit fees. The only people insane enough to hire anyone are three guys working in a living room somewhere, trying to hire a few Javascript programmers to finish their app so they can cash out by selling the "company" to some larger enterprise.

The programmers are independent contractors who have to take care of their own healthcare and taxes, or they're young and single so the healthcare insurance costs are modest--if they even bother with buying insurance.

Nobody's hiring for the long-term for the simple reason that there is no long-term: we're either selling the company as soon as we can, or we're waiting for the next dip in revenues to close down before we lose everything.

Local government has grown accustomed to small business being uncomplaining tax-donkeys, silently paying every junk fee and every additional tax the government levies. Only a funny thing happened on the way to local government's plan to fill the shortfalls in its own revenues by taxing small businesses even more: they're closing down.

The reason is simple: why work for free? This is incomprehensible to both local governments, who expect all those "filthy-rich small-business Capitalists" to pay higher taxes and fees, and the safely remote-from-the-real-world pundits and politicos.

These members of the academia-think-tank-media-politico Cargo Cult have a magical belief in a mythical "small business" which is anxious to get out there and create new jobs because "to get rich is glorious," as if "getting rich" is even an option for 90% of real small businesses.

In the real world, small businesses aren't getting rich, they're going broke and closing down to save whatever remains of their sanity and assets. You want high-tech and "clean energy" jobs? Well, how about MySpace laying off half its 1,000-person staff? How about Evergreen Solar closing its Devens, MA plant, laying off 800 workers and moving production to China? Did the pundits honestly think that globalization was over?

Memo to pundits and politicos: you worship at the altar of Capitalist profits driving small business--get real. People will do whatever they have to in order not to go broke.

That's why the three guys or gals aren't renting an office--who needs the overhead? They also don't have health insurance: who can afford $1,000 a month for crappy, confusing "care" young people rarely even need? Better to pay cash.

And they aren't hiring "employees": they're paying their friends with equity shares, or cash, and paying their own taxes is up to each free-lancer.

That is the new model of American entrepreneurship: no office, no overhead, no employees, no health insurance, no business travel. That's the only way any new enterprise can survive.

Everyone who buys into the myth and pays absurdly high rents, junk fees and healthcare insurance will be ground down and bled dry. The only exception are those well-connected enough to run a pipe into the limitless lake of Federal money. Yes, 40% of the lake is borrowed from our kids, but no matter--the "recovery" is real, and this stone with a crudely painted radio dial is in fact a working radio. It's magic. You just have to believe.

Small business can't afford to believe in myths and fantasies. They are dealing with the harsh reality of adapt or die.

 

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Tue, 02/08/2011 - 13:29 | 943278 The Axe
The Axe's picture

That 2yr is moving towards.80  wow big move

Tue, 02/08/2011 - 16:09 | 943897 whatz that smell
whatz that smell's picture

 

"giant sucking sound"

 

Tue, 02/08/2011 - 19:28 | 944587 Pee Wee
Pee Wee's picture

Wake me when US Federal taxes are abolished on small business.  Not the gimmick of spend a penny match a penny -- taxes.

Personally, I can attest that a thriving business with 12 FTE's cannot hire an additional simply because of taxes.  The number is 1 in 10 literally with businesses waiting to pull the trigger on growth but are tax-prohibited.

Tue, 02/08/2011 - 13:32 | 943286 SheepDog-One
SheepDog-One's picture

TBTF gets govt free money handouts, small businesses do not, therefore small biz has to deal with the reality that the economy sucks and cant hire.

Tue, 02/08/2011 - 14:39 | 943548 TorchFire
TorchFire's picture

SheepDog are you for real or are you a government tool?  Why would such a sensible comment have 3 junks so far?  Junked by tools or junking a tool? 

The best statement in the article is this: People will do what they have to do to maintain their incomes.  In that sense capitilism is alive and well in the laboratories of small business. Bravo to any who can prosper while escaping the death grip of the oppressive regulations and taxes. The "Machine" has taken both sides of the regulation afgument and they exploit the hell out of it, so research and understand the dynamics of reasonable regulation as opposed to oppressive bullshit.

Tue, 02/08/2011 - 15:24 | 943712 sgt_doom
sgt_doom's picture

Negative, TourchFire, you are confusing free enterprise and economic democracy with predatory capitalism, which will be R.I.P. by the end of 2012.

Predatory capitalism is self-destructive and in its final days.

And this is an awesome blog post.

The greatest driver for employment in the USA over the past 30 years has been business startups, and since the banksters and Korporate AmeriKa have been only doing startups in foreign lands with their FDI, and utilizing taxpayer funds with OPIC and USAID, etc., the future is doomed.

Tue, 02/08/2011 - 16:08 | 943894 Rusty Shorts
Rusty Shorts's picture

This Is Why There Are No Jobs in America

I’d like to make you a business offer.
 
Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment…
 
Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal.
 
But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s my role in the affair: to tell you what to do.
 
Now in return for my rules, I’m going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits.
 
You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you’ve got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you’re my partner. It’s only “fair.”
 
Now… after you’ve put your hard-earned savings at risk to start this business, and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life.
 
Whether or not this is “fair” – some people never can afford to retire – is a different argument. As your partner, I’m happy for you to sell whenever you’d like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.
 
I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true. But I’ve done my part, too. I’ve collected 50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.
 
Oh… and one more thing…
 
Even after you’ve sold the business and paid all of my fees… I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay me 50% of whatever your estate is worth.
 
After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think it’s “fair” for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.
 
All in all, if you’re a very successful entrepreneur… if you’re one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you’ll end up paying me more than 75% of your income over your life. Thanks so much.
 
I’m sure you’ll think my offer is reasonable and happily partner with me… but it doesn’t really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.
 
That’s how civil society is supposed to work, right? This is Amerika, isn’t it?
 
That’s the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…
 
Regards,
 
Porter Stansberry

Tue, 02/08/2011 - 16:21 | 943937 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Sadly true, completely fucked up, depressing.

Tue, 02/08/2011 - 17:58 | 944333 Popo
Popo's picture

Actually, it's worse than that. We all have TWO partners. One is Uncle Sam, and another is the State.

When I sold my business, which I started for a few hundred bucks and about 7 years of ass-busting hard work, I gave 20% to Uncle Sam and another 10% to my lovely state govt.

Thanks for all the help partners!

Tue, 02/08/2011 - 18:59 | 944528 Devout Republican
Devout Republican's picture

Your welcome for all the roads your customers drove on to get to your store.

Your welcome for the roads your employees drive on to deliver your goods.

Your welcome for the police that come to bust the criminals who steal from your store.

Your welcome for the judicial system that arbitrates your grievances with your suppliers.

Your welcome for providing food stamps to your employees since you're probably to cheap to pay them a living wage. (Not you of course, I'm sure YOU paid your employees into the six figures, thats just the kind of guy you are. I'm sure of it!  Why else would you be here on ZH!)

 

Tue, 02/08/2011 - 19:22 | 944584 New_Meat
New_Meat's picture

Your welcome for surviving several years (still publicly indeterminate) is that, evidently, when they were teaching multi-cultural English, you skipped the dreaded "contractions is us" class.

Usury (beyond TRAV7777's well-taken view) was like > 1%/month (and the olden folks hadn't figured out the miracle of compounding interest).

But, well, gee, don't we pay gasoline taxes?  (should take care of roads).  I pay local taxes, takes care of No. 3.  Judicial system?  State taxes cover this.

Food stamps?  Dang, didn't the 'minimum wage' keep all of those folks from getting hired in the first place.  Thus driving them into the "Auntie Zietunie Card" zone -- Food stamps are so quaint.

Which brings us back to Usury.  Even here, (MA) with a sales tax of 6.25% (didn't enter into your discussion, did it?) the Federal Income tax is, let's say 15%, state at 5.25%.  <getting my calculator> Oh, that is 20.25%.  Good thing there is separation of Church and State, otherwise the government would be considered as Blasphemers and the government employees would be relegated to the status of money lenders.

- Ned

Tue, 02/08/2011 - 20:52 | 944813 Devout Republican
Devout Republican's picture

YOU LIE!

It's okay "your" a con, so you couldn't help yourself.

http://www.worldchanging.com/archives/008264.html

Tue, 02/08/2011 - 21:11 | 944846 New_Meat
New_Meat's picture

I know you have Dep't of Educat'in educat'in, only, but many have been able to overcome this failure.  Why, way back when, when the Democrats made it a death sentence to teach a slave to read, many slaves and former slaves got into the way of readin'.

Your weak-assed link?  We'll let DosZap answer to this moonbattery.  Dos?  You up for the challenge?

Up here in snowy MA, we have Bawney Fwank and a Turnpike that has been paid for like 3 or 4 times over with the "bonds" that fund the "road."  Demo Tessicans (vs. real Texans) have proposed the road-mile tax (with intrusive GPS measuring) for a while. 

I'm a'guessin' that you are within a couple of km from Austin.

- Ned

(and any specifics you have on my "LIE" please let me know.  I'm always open to a vigorous figh ... er ... conversation to correct my misguided thinking)

((extra credit--describe the advantages and disadvantages of the argument "ad hominum".  Aristotle will help u).

(((extra extra comment--I hope this gets your grade up from a "C-")))

Tue, 02/08/2011 - 23:00 | 945168 GreenSideUp
GreenSideUp's picture

LMAO!

Tue, 02/08/2011 - 19:23 | 944585 Blano
Blano's picture

Popo paid for those too as he went along, dumbass.

Tue, 02/08/2011 - 19:37 | 944613 ILikeBoats
ILikeBoats's picture

Moronic answer ...

Fuel taxes more than pay for roads; in fact the surplus is usually stolen by the states. 

Police and judicial system - paid for by property taxes, not income taxes.

Food stamps - wages are, what they are... and if you assume 40 hours per week * $8/hour, they won't be getting SNAP anyways, from what my math indicates.

Tue, 02/08/2011 - 19:45 | 944635 New_Meat
New_Meat's picture

I'm double answering you, since, on reflection, I'm thinkin' that ol' Cas gonna' be displeased with this newbie, weak assed response.  Time for you to head back for six month's of 're-education camp.'

Maybe you'll learn to build several, not so many, but a couple of, English contractions.  It'll make u feel so gud.

- Ned

Tue, 02/08/2011 - 20:42 | 944797 Devout Republican
Devout Republican's picture

Not my first language; so your mouth can bite me at.

Tue, 02/08/2011 - 16:41 | 943973 Michael
Michael's picture

Small businesses producing consumer toys and hiring people are impossible to get started in the USA. The US can't compete with the virtually free labor of China and India. There will be no long term increase in employment without the consumer goods manufacturing sector coming back. The real 22.5% unemployment rate keeps the unemployed from driving back and forth to work every day and tooling about shopping for trinkets and baubles. Fix the consumer goods manufacturing sector and the unemployment problem gets fixed. Otherwise, nada.

Tue, 02/08/2011 - 18:28 | 944433 Hard1
Hard1's picture

The reason for the policy response (aka FED printing), is for you to borrow and pay with this limitless cheap money for the stuff made in China and India with their limitless cheap workforce.  The policy is aimed to consume not produce...why bother fighting it.

Tue, 02/08/2011 - 18:48 | 944494 Things that go bump
Things that go bump's picture

That may be so, but I don't want that cheap stuff. 

Wed, 02/09/2011 - 18:01 | 947676 1984
1984's picture

"The policy is aimed to consume not produce..."

 

It's not limited to FED policy but the entire US economic policy.  Fix that and you fix the economy, not to mention the environmental issues.

Tue, 02/08/2011 - 19:01 | 944535 sethstorm
sethstorm's picture

Not unless the US is willing to put forth an ultimatum to create work here in the US for US citizens.

Interesting that the people that don't want to hire are the same ones complaining about the high unemployment rate.

Tue, 02/08/2011 - 16:42 | 943996 ReallySparky
ReallySparky's picture

Darn it Rusty.  That was beautiful. 

Tue, 02/08/2011 - 16:46 | 944017 pan-the-ist
pan-the-ist's picture

. < worlds smallest violin playing for the beaten down small businessman who's business plan was a failure.

"It's always someone else's fault."

You know the rules when you signed up to play the game...  keep the lead out of my toys, thanks, and please pay your workers on time.

Tue, 02/08/2011 - 16:58 | 944060 Michael
Michael's picture

I just thank God every day for the complete and total economic collapse of the USA that is now a mathematical certainty.

Tue, 02/08/2011 - 18:00 | 944339 downrodeo
downrodeo's picture

+1

math is good

Tue, 02/08/2011 - 17:34 | 944211 SamuelMaverick
SamuelMaverick's picture

Spot on. Well said. I am a self employed business owner, and my brother is also a small business owner.  Neither of us will hire an employee under any circumstance, even if the  economy was improving or even just steady.  Here is why; the local, state, and Fed governments are out of their fucking minds with rules, regulations, fines, direct and indirect ( hidden ) taxes.  Hiring an employee is almost a form of self destruction where you are forced to provide guarantees to the employee and the state to provide for their well being.  OSHA, Labor dept, DOT, Workers Comp., Unemployment, Health Care rules for Cobra, retirement , EPA, Dept. of Environmental Conservation, IRS, State Taxation, etc. etc. and fuck all of that bullshit. Been there, done that, will not do it again.  This article describes myself and almost all the self employed people that I know to perfection. When help is needed, hire other self employed guys and gals, 1099 them and you are done. Keep overhead to an absolute minimum.   Yours, Maverick

Tue, 02/08/2011 - 18:59 | 944529 sethstorm
sethstorm's picture

So you want to create de facto indentured servitude a la the 1099. 

But if you want to attract the attention of a bureaucrat, keep on doing what you're doing.

Tue, 02/08/2011 - 19:21 | 944580 Id fight Gandhi
Id fight Gandhi's picture

The 99ers (jobless for 99 weeks) are becoming the 1099ers.

Tue, 02/08/2011 - 20:11 | 944709 serotonindumptruck
serotonindumptruck's picture

Did you know that the Internal Revenue Service has their very own enforcement arm? I read an article in SigArms Quarterly about 15 years ago that quantified and itemized the different federal and state agencies whose agents/officers are authorized to carry firearms. The IRS was definitely on that list. Apparently, IRS agents prefer the Sig Sauer P220 in .45 ACP.

Granted, when the tax collector sends in the SWAT team, the US Marshall Service, the FBI, BATF, and other elements from Homeland Security will be present.

Tue, 02/08/2011 - 22:14 | 945008 StychoKiller
StychoKiller's picture

Sounds like a great party! BYOG (Bring Your Own Goons!)

Tue, 02/08/2011 - 22:55 | 945146 GreenSideUp
GreenSideUp's picture

Wow, really?  

Those who work for me ala the 1099 do so voluntarily.  

Btw, eff the bureaucrats.  They and their bankster buddies created this monster.  

Tue, 02/08/2011 - 19:00 | 944530 sethstorm
sethstorm's picture

[duplicate]

Wed, 02/09/2011 - 12:38 | 946592 Fearless Rick
Fearless Rick's picture

Could not have said it better myself. The regulations are like working in a prison. I work from home, screw driving to and from, "managing" people, and all that rot. I make it or break it on my own and the govt. gets what I give them, which is usually not much.

The path for America after the great collapse (ongoing) is for cottage industries to crop up such as in colonial times. Butcher, baker, candlestick-maker, in local economies where money is spent through other local businesses, not heading out to a corporate coffer.

Stop eating at McDonald's and shopping at Wal-Mart is a good start. Making deals with deadbeats on food stamps (it's currency, after all) works too.

Tue, 02/08/2011 - 17:46 | 944276 sushi
sushi's picture

Great Post !!

I think the best opportunity is to open a bank, collect from your depositors and stash that money somewhere safe offshore, then fail the bank, collect a bonus payment from the Feds and then go enjoy your "savings."

It is possible that this market segment is already fully populated but what the heck. It is the only shot worth taking.

Tue, 02/08/2011 - 17:49 | 944293 sgt_doom
sgt_doom's picture

Wow, thanks Rusty.

So that's why over 70% of American-based multinationals and corporations pay no federal taxes.

So that's why GE (and so many others) paid no federal taxes in 2009, but received over $150 million in tax return monies from the US gov't.

So that's why JPMorgan Chase created the credit default swap, and that's why the 5 enemies of the state (JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citi and BofA) control the credit derivatives market.

Gee whiz, I'm glad you explained everything Rusty.  You're sooooo wise.

Say, where were you when they created the SIV over at Citi?

Tue, 02/08/2011 - 18:11 | 944377 Popo
Popo's picture

Look up. See that thing flying over your head?

Yeah, that thing. That thing up there is called "the point" and well, you missed it.

Tue, 02/08/2011 - 18:31 | 944448 NotApplicable
NotApplicable's picture

Yes, but he did it in such a grand fashion!

After all, it takes a certain flair to confuse multi-nationals with small businesses.

Tue, 02/08/2011 - 22:17 | 945022 StychoKiller
StychoKiller's picture

After all, it takes a certain flair to confuse multi-nationals with small businesses.

 

What are you goin' on about?  The Govt does this ALL the time!

Tue, 02/08/2011 - 17:52 | 944300 margaris
margaris's picture

thanks for this text, I copypaste it, to read it again sometime....

Tue, 02/08/2011 - 17:55 | 944318 Devout Republican
Devout Republican's picture

If it's so bad in the US, then don't start a company.

You can always collect welfare and get driven around in a limo. Right?

Since we're now in a global economy, you can go start your multi-hundred dollar business in the great libertarian state of Somalia. Bye!

Tue, 02/08/2011 - 22:20 | 945033 StychoKiller
StychoKiller's picture

You can always collect welfare and get driven around in a limo. Right?

So, now that you've admitted the reason for the high unemployment rate, I'm guessing you feel even more righteous (good luck wit dat!)

Tue, 02/08/2011 - 18:01 | 944346 Husk-Erzulie
Husk-Erzulie's picture

Nice Rusty, you forgot though...break down the door and shoot the dog.

Tue, 02/08/2011 - 18:04 | 944358 Calculated_Risk
Calculated_Risk's picture

 

Dear Mr. Stansberry,

As you’re original, much richer and powerful "partner", it is ill advisable you proceed with your new partner because it is in direct competition with our industry. However, if you feel it absolutely necessary to proceed, we advise that you institute more "regulations" (provided by our attorneys) as to make it nearly impossible, if not illegal for new competitors.

Sincerely,

The "Free" Market

 

Tue, 02/08/2011 - 18:24 | 944417 1000DOLLARsilve...
1000DOLLARsilvercrushthefeds's picture

Well said. Well done. By the way people, my business is now closed, and he isnt kidding about the heavy automatic weapons. He is wrong about the middle of the night though , They come at first light of day.

Tue, 02/08/2011 - 20:00 | 944678 Pee Wee
Pee Wee's picture

Excellent example describing the context of the current system.

Wed, 02/09/2011 - 00:59 | 945511 Lost My Shorts
Lost My Shorts's picture

By the way, what is your address?  Because the lot next door is probably a great place to open a three-story McDonalds with 24-hour drive through.  And I won't need employee restrooms, because you have so many nice bushes !!  No #$%&* is gonna tell me where and how to operate my business.  I am sure you are cool with that.

Wed, 02/09/2011 - 18:10 | 947697 Let them all fail
Let them all fail's picture

Hmmmm....I think you've missed the point....

Wed, 02/09/2011 - 17:59 | 947667 Let them all fail
Let them all fail's picture

Maybe if you put this into a cartoon people would understand it better...anyways, well put...all those taxes and still we have $14 trillion in debt.  As the author states, it is obvious that our gov't hasn't run a business, though if they had, it would be BK like we are...

Tue, 02/08/2011 - 15:33 | 943722 Upswaller
Upswaller's picture

Interesting, most of the junks awarded to those who agree with this essay.

Government tools abound!

 

As a 20+year dentist with (now) 3 employees, I can say this depression is unlike anything I've seen.  Never has it been this bad, and ours is a high-quality, low volume office in a high tech part of town.  We've cut back hours, work with a skeleton crew, and basically go month to month. A good month allows us to pay back operational debt, a bad month forces us to borrow it back.  Scarily, I'm used to it now, though at first it scared the shit out of me. 

We know our patients as close friends, and no one is fooled by what's afoot.  I have CDC employees and small business owners ask about prepping, without any knowledge of my own involvement.  The only people who don't get it work for the government (except for the CDC guy).  I feel like I live two lives, one of "Hey there!" and the other planning the best route out the back door.

 

Tue, 02/08/2011 - 16:17 | 943915 B9K9
B9K9's picture

As I have mentioned many times before, my wife is an exec at a TBTF related firm. (While not a TARP recipient, the company is absolutely critical to the entire origination & securitization stream. IOW, it & its primary competitor will never be allowed to fail.)

She is part of a team that is making key decisions regarding both outsourcing & regional consolidation. The business is not hiring/expanding domestically; rather, it is presently taking small, methodical steps towards increased offshoring (India, 'natch) and centralization @ the home office, with both initiatives geared towards greater cost savings.

As an attorney, she generally defers to my accounting & finance background in terms of what happened and what is presently occurring. Yet, she still thinks that perhaps things won't get as bad as the numbers say they must. But the real tell is she's increasingly open to small scale preparation activities, while a year or so ago it was still in the realm of 'crazy talk'.

I figure if this kind of sentiment is finally, slowly percolating up to those who have so far been immune to the street level view (eg Bill Gross), we may be actually getting a little closer to the end of the beginning.

Tue, 02/08/2011 - 17:52 | 944303 sgt_doom
sgt_doom's picture

I'd advise you and your wife to go back and take some refresher courses in math.

And Rusty head also.

Arithmetical relationships are far too difficult today for most Americans to comprehend.

Let me make it simple for the simple-minded:

2012, bitchez.

Tue, 02/08/2011 - 18:57 | 944523 sethstorm
sethstorm's picture

So they're committing fraud to send work offshore, such that they can commit more fraud? 

Just the kind of stuff that needs to be stopped.

Tue, 02/08/2011 - 16:02 | 943871 pan-the-ist
pan-the-ist's picture

Article is a great argument for medicare, if we could get these free-loaders to pay their taxes.

Tue, 02/08/2011 - 15:03 | 943618 mtomato2
mtomato2's picture

I, too, am trying to figure out why Sheep is getting junqued.  Am I missing something here?  Is there a sudden blizzard of trolls I am not aware of?

Tue, 02/08/2011 - 15:11 | 943644 duo
duo's picture

Probably a new team of new Federal hires paid to troll the economic sites and quote CNBC.

Mish's comment section lost a lot of good posters when the trolls took over.  A subtle way to shut down the exchange of ideas.

Tue, 02/08/2011 - 19:08 | 944552 Michael
Michael's picture

Liberalism is a mental disorder. They can't be helped, just overwhelmed.  Don' sweat it.

Tue, 02/08/2011 - 20:17 | 944725 Dr. Sandi
Dr. Sandi's picture

Ahh, the clown has returned in full makeup.

A Liberal is just a conservative with a cheap car and a conscience.

Tue, 02/08/2011 - 22:14 | 945007 New_Meat
New_Meat's picture

who hasn't yet been mugged.

Tue, 02/08/2011 - 20:34 | 944769 pan-the-ist
pan-the-ist's picture

If public money for corporations is bad, then why isn't everyone here upset about farm welfare?  Why the double standard?  I honestly don't understand this double-think.

Tue, 02/08/2011 - 22:11 | 944999 Dr. Sandi
Dr. Sandi's picture

Bitching about every fucked up federal policy in existence wouldn't just be a full time job, it would take a group effort just to keep up.

 

Tue, 02/08/2011 - 15:12 | 943650 In Fed We Trust
In Fed We Trust's picture

RON PAUL 2012 OR BUST

RON PAUL 2012 OR BUST

RON PAUL 2012 OR BUST

RON PAUL 2012 OR BUST

RON PAUL 2012 OR BUST

RON PAUL 2012 OR BUST

Tue, 02/08/2011 - 15:54 | 943839 Dr. Sandi
Dr. Sandi's picture

I'm going with BUST, since RON PAUL is only a mortal man.

Tue, 02/08/2011 - 16:02 | 943870 DoChenRollingBearing
DoChenRollingBearing's picture

I agree Dr.  How regrettable.

Tue, 02/08/2011 - 16:37 | 943978 stormsailor
stormsailor's picture

what size bust?

Tue, 02/08/2011 - 16:34 | 943967 downwiththebanks
downwiththebanks's picture

I'm going with BUST, since he's simply a Republican posing as an Austrian-school ghoul without a real program other than that which he pilfered from the Andrew Mellon playbook.

And I junked you for the thoughtless repetition.

Tue, 02/08/2011 - 19:02 | 944542 Cathartes Aura
Cathartes Aura's picture

I junked you because you still cling to "voting sides" when you don't even have a nationstate left to host your "party" in.

Tue, 02/08/2011 - 20:21 | 944739 serotonindumptruck
serotonindumptruck's picture

Ron Paul has no desire to be "Wellstoned". He knows what he can get away with revealing and what he can't.

Tue, 02/08/2011 - 19:49 | 944646 merehuman
merehuman's picture

sheepdog is not a troll, just sees and says it like it is. I, an x small biz, am history. In fact, damn i lost everything.

God willing, i and some of you will be around to start over and do it honorably.

Tue, 02/08/2011 - 20:46 | 944807 DoChenRollingBearing
DoChenRollingBearing's picture

If I stay around, I hope to see you on the other side.  Honorably.

+++

Tue, 02/08/2011 - 22:32 | 945073 TorchFire
TorchFire's picture

hold on friends.  we will prevail.

Tue, 02/08/2011 - 13:32 | 943287 almost_have_a_name
almost_have_a_name's picture

Its all under the table for the low key workers. Cut all expences, I suspect state and federal taxes go out the window too.

Tue, 02/08/2011 - 14:25 | 943492 MachoMan
MachoMan's picture

Even for small businesses, it's just so much more simple and easy to pay workers under the table...  there is even quite a bit of gray area when making the distinction between independent contractors and employees...  but, regardless, if I pay you $8/hr cash, you make more than you otherwise would and I don't have to waste another $8/hr+ hiring someone to fill in the paperwork behind + taxes and/or do it myself...

My guess is, based upon my anecdotal evidence, that undocumented workers (for jobs other than mowing lawns, picking tomatoes, and pouring concrete) have risen and will continue to rise as the bureaucracy thickens and red tape more punitive.

Tue, 02/08/2011 - 14:53 | 943579 Dr. Richard Head
Dr. Richard Head's picture

Our company, background checks for employers, has been on a hiring tear.  No one customer holds more than 4% of our total revenue and we have ZERO government contracts, yet we grew over 30% 2010 over 2009.  We have already seen a 17% increase in 1/11 over 1/10.  We have hired more in the past 6 months than we ever have before and our company is nearly 20 years old.  I don't know what to make of it really other than the superior efforts of our sales and marketing team and the increased market share we are taking away from the bigger boys in our market space. 

I believe we are the exception to the rule out there, but I guess time will tell.  Most of the background checks we are doing seem to be more related to attrition than new hires.  Then again attrition hires are considered new hire to the BLS.

I guess we should consider stripping the equity of the company through an IPO and then head for the hills with the loot?  HAHAH. 

 

Tue, 02/08/2011 - 15:05 | 943583 Dr. Richard Head
Dr. Richard Head's picture

TMI

Tue, 02/08/2011 - 15:06 | 943627 Sean7k
Sean7k's picture

Attaboy!

Tue, 02/08/2011 - 18:31 | 944444 Hard1
Hard1's picture

Unfortunately not all of us can work for the Goldman Sucks prop trading desk

Tue, 02/08/2011 - 18:56 | 944517 sethstorm
sethstorm's picture

It's all fun and games until one of those folks gets immunity, reports you and laughs all the way home.

Tue, 02/08/2011 - 13:33 | 943291 Yen Cross
Yen Cross's picture

I was thinking the same thing. And the spreads on 2-5-7-10's. Good work !

Tue, 02/08/2011 - 13:34 | 943295 Thunder Dome
Thunder Dome's picture

Totally disagree with author.  New model of American entrepreneurship is getting on welfare and staying on welfare.

Tue, 02/08/2011 - 14:16 | 943461 Dirtt
Dirtt's picture

Crushing small business is by design.  Big Labor Union "leaders" and POTUS44 have been plotting this for years.

The day I step foot within a mile of a union operation is when hell freezes over.

Tue, 02/08/2011 - 15:06 | 943629 mtomato2
mtomato2's picture

I'm beginning to see where the junks are coming from.  You trashed unions.  Sleep with one eye open.

Tue, 02/08/2011 - 15:07 | 943632 downwiththebanks
downwiththebanks's picture

Uncle Sam has no big unions, so I'm unclear as to how these non-existent entities have 'leaders'.

Tue, 02/08/2011 - 15:16 | 943665 Gene Parmesan
Gene Parmesan's picture

Huh? No big unions?

Tue, 02/08/2011 - 16:42 | 943999 downwiththebanks
downwiththebanks's picture

Seeing that 1 out of every 13 workers in the private sector has a union job, and those who do belong to unions that have totally sold out to management for stock options, yes.

Uncle Sam has been without real unions for about 30 years.  Ironically, this pretty much coincides with the start of the real wage decline for the working masses of people and the criminal theft of the surplus value extracted from their labor by their do-nothing bosses.

Tue, 02/08/2011 - 15:24 | 943720 Chump
Chump's picture

Are you honestly unaware of the collusion between the nation's largest labor unions and the federal government?

Tue, 02/08/2011 - 16:38 | 943984 downwiththebanks
downwiththebanks's picture

Seeing as the largest, and pretty much only remaining significant unions left here on Uncle Sam's Plantation are in the PUBLIC SECTOR, it's pretty obvious that they work with the government.

On the other hand, every politician has made in their divine mission to attack them without touching the banker-gangsters on Wall St. who have robbed the world.

Much easier to blame the garbage collectors for the nations woes than look for the real culprits - especially when they fund campaigns.

Tue, 02/08/2011 - 17:57 | 944325 Gene Parmesan
Gene Parmesan's picture

Let me guess - you're in a union.

Wed, 02/09/2011 - 12:31 | 946561 mtomato2
mtomato2's picture

You gotta really love Arrested Development (the most underrated show of all time) to grab onto a name like Gene Parmesan...

 

Him?

Wed, 02/09/2011 - 15:09 | 947177 Chump
Chump's picture
Uncle Sam has no big unions, so I'm unclear as to how these non-existent entities have 'leaders'.

Seeing as the largest, and pretty much only remaining significant unions left here on Uncle Sam's Plantation are in the PUBLIC SECTOR, it's pretty obvious that they work with the government.

 

http://implied.facepalm.de/facepalm_implied.jpg

Tue, 02/08/2011 - 15:44 | 943803 Calmyourself
Calmyourself's picture

I junked you, TSA given permission to unionize two days ago..  US has no unions. lol..

Tue, 02/08/2011 - 16:06 | 943886 DoChenRollingBearing
DoChenRollingBearing's picture

Oh, what wonderful news, it looks like TSA can now get even worse...

 

Tue, 02/08/2011 - 16:45 | 944010 downwiththebanks
downwiththebanks's picture

Government workers are unionized, by and large.  That doesn't necessarily give them any power if their leadership consists of political hacks who know nothing about labor struggle.

If the TSA 'Union' had any sense at all, they would strike until their workers were no longer operating in a radioactive, sexual harassment trap.

Tue, 02/08/2011 - 18:54 | 944513 sethstorm
sethstorm's picture

Now they can at least have the ability to ask for actual security measures, and not have to worry about having their paltry paycheck be cut.

Tue, 02/08/2011 - 15:59 | 943862 Ben Fleeced
Ben Fleeced's picture

1947: my 15 year old mother broke the union strike line to bring her father lunch. She was pelted with bottles and rocks eventually being taken to the ground. I have no respect for any group of people who would attack a child because they want more money.

I stand with you Dirtt! When hell freezes over I will look for the Union Label.

Tue, 02/08/2011 - 16:10 | 943899 pan-the-ist
pan-the-ist's picture

I have no respect for someone who would risk sending their daughter through a Union line, but then "It's always someone else's fault" isn't it?

Tue, 02/08/2011 - 16:56 | 944051 Calmyourself
Calmyourself's picture

You are an MN puke..  Nature is sacred as long as it does not cross picket lines, idiot.

Tue, 02/08/2011 - 17:06 | 944101 downwiththebanks
downwiththebanks's picture

Scab.

Your boss needs a blowjob.  Go for it.

Tue, 02/08/2011 - 18:15 | 944394 Popo
Popo's picture

I think you're probably on the wrong site.

Tue, 02/08/2011 - 17:07 | 944102 docj
docj's picture

Freedom - a boot on the neck, forever.  Eh, pan?

Tue, 02/08/2011 - 20:45 | 944792 pan-the-ist
pan-the-ist's picture

Freedom means not having to suck the bosses cock to keep the job docj.  If you didn't enjoy sucking cock and fucking everyone in the ass you'd probably see it my way.

Sorry for the potty talk.

Tue, 02/08/2011 - 18:47 | 944492 Dr. Sandi
Dr. Sandi's picture

What kind of prick would send their young daughter to break a picket line? Jesus Christ kids, that's just being a fur-lined asshole from anybody's point of view.

Tue, 02/08/2011 - 16:47 | 944016 downwiththebanks
downwiththebanks's picture

Your grandfather is a scab.

And a scumbag.

And a tool.

Tue, 02/08/2011 - 17:16 | 944141 Thunder Dome
Thunder Dome's picture

Why pay union rates when there are chinamen?

Tue, 02/08/2011 - 17:16 | 944139 Armando Javier ...
Armando Javier Finkeltein of the Boise Finkelsteins's picture

Why didn't your mother's father bring his own lunch to his job?  Why put your mother at risk?

 

Buy silver, bitchez

Tue, 02/08/2011 - 17:49 | 944290 lincolnsteffens
lincolnsteffens's picture

Why should any one be afraid of crossing union picket lines? Because they use or allow thugs just like a criminal organization to beat the crap out of you or worse. Unions have a great history of fighting for the rights of abused, overworked and underpaid workers. The problem is, THAT history is becoming ancient history.

Tue, 02/08/2011 - 15:58 | 943849 Dr. Sandi
Dr. Sandi's picture

New model of American entrepreneurship is getting on welfare and staying on welfare.

This is Zero Hedge. I'm assuming you accidentally ended up here instead of your regular Yahoo group.

But your mindless comment has now been added to the site. Thanks so much for parroting the same bullshit I can hear in a cab or redneck bar or every AM talk station on the continent.

Enlightement is just moments away now. Thank you for sharing.

Tue, 02/08/2011 - 17:14 | 944132 Thunder Dome
Thunder Dome's picture

Go start a small business.  And then please get back to me on your P.O.V.

Tue, 02/08/2011 - 17:52 | 944296 Dr. Sandi
Dr. Sandi's picture

Go start a small business.  And then please get back to me on your P.O.V.

If you're talking to me, I already did that a few times. It's fun at first and has always ended up being a piece of shit at the end.

Made a lot of money though. About $5.2 Million CASH during the dot com fiasco. But I'm not doing it again until the system is returned to its rightful owners so that there's a fighting chance to do it again.

And now that I have indeed done as you ask, my P.O.V. is that you should go fuck yourself.

 

Tue, 02/08/2011 - 22:32 | 945074 StychoKiller
StychoKiller's picture

When you pick a fight with someone, it helps to know that they're packin' -- we're gonna enjoy the blood streaming out your nose...

Tue, 02/08/2011 - 17:39 | 944237 TruthInSunshine
TruthInSunshine's picture

Agree...

 

...First, this article is beyond fantastic.

Second, because the average American feels they've been gamed, and who am I to argue, by those in power (they may not know specific names or how things broke down, technically, like Bernanke, The Squid, Bush-Paulson-ObaMao), they'll be more satisfied than ever to feel like returning the favor.

But it will all break down.

This is what happens when criminality becomes central to the scheme, and is ultimately exposed, even if the average 'man on the street' has even a vague sense of it all.

Average people don't need to understand how they were raped with technical precision and by whom, exactly, to opt out of the 'by the rules' game.

Things will break down when many in the 50 to 60 year old demographic give up, and opt out.

That will be the last call.

Tue, 02/08/2011 - 20:07 | 944699 merehuman
merehuman's picture

truth in Sunshine, pardon my density of crenial matter.

What exactly do you mean by opt out?  In housing, my business folded and were it to resume i would be agains working for the dollar or paying taxes. I dont pay the mafia either.  I am 60, not on dole , no income and planned to survive via rabbits, chickens , gareden produce and artisan creations.Not expecting SSI either, would rather starve than deal with crooks.   That was my work in progress till my lady died. Now i really am cast adrift and wonder if i should return to die in Germany, maybe get laid once more  before searching out Valhalla. Or go goldpanning in the hills. All the world is a wonder to me anew, new horizons and adventures await .

Last call real damn soon.

Tue, 02/08/2011 - 22:35 | 945083 StychoKiller
StychoKiller's picture

Lead the way, friend...

Wed, 02/09/2011 - 12:36 | 946584 mtomato2
mtomato2's picture

I think you just might be a great person.  I'd like to know you.

Tue, 02/08/2011 - 13:36 | 943300 jus_lite_reading
jus_lite_reading's picture

I can tell Charles has the mind of genius.

Tue, 02/08/2011 - 16:04 | 943877 Winston Smith 2009
Winston Smith 2009's picture

Yes, I guess natural skepticism born from a knowledge of history combined with the ability of critical thought allowing one to see reality through the obscuring propaganda ever present everywhere could be considered "genius" in our current idiocracy.

Tue, 02/08/2011 - 17:50 | 944291 bronzie
bronzie's picture

doubleplusgood

Tue, 02/08/2011 - 13:39 | 943304 Mercury
Mercury's picture

Oh my goodness!

It's almost like capital is flowing to where it's welcome (or harassed less) and staying where its well treated.

Someone get Central Planning on the phone...

Tue, 02/08/2011 - 13:47 | 943343 Bananamerican
Bananamerican's picture

Kapital is flowing to where it can find the cheapest global niggers willing to work for a half bowl of radioactive rice...and be thanked for it.

Tue, 02/08/2011 - 14:21 | 943479 RKDS
RKDS's picture

Well said.

Sometimes people crying about capital's treatment sound like their whore didn't go all the way.

Tue, 02/08/2011 - 17:25 | 944040 Mercury
Mercury's picture

The capital in this case is the people and resources described in the article which are being deployed in response to incentives set up by the government. The takeaway is that they are essentially setting up shop mostly outside the system which is not what the government intended.

Tue, 02/08/2011 - 15:08 | 943635 downwiththebanks
downwiththebanks's picture

'Capital' is flowing into levered-up-to-the-gills speculation, since it requires no work, intelligence, or fixed investment.

Tue, 02/08/2011 - 13:37 | 943305 dick cheneys ghost
dick cheneys ghost's picture

spot on and so true. small business gets nickled and dimed by the "regulated cartels". thanks for posting.

Tue, 02/08/2011 - 13:40 | 943312 Vergeltung
Vergeltung's picture

decent read.

Tue, 02/08/2011 - 13:41 | 943317 ILikeBoats
ILikeBoats's picture

A lot of truth here; especially about programmers and others who can leverage the Internet: rent your web servers, outsource as much else as you can on a pay as you go model, work out of your home and have meetings in the local coffee shop.

Tue, 02/08/2011 - 14:28 | 943485 RKDS
RKDS's picture

No kidding.  I've been trying to start a software company and hiring hasn't been an option at all.  Now I won't _ever_ outsource to durkadurkastan, but that just means I have to do all of the work myself.

Tue, 02/08/2011 - 14:39 | 943546 EvlTheCat
EvlTheCat's picture

have meetings in the local coffee shop.

Or your local library.

Tue, 02/08/2011 - 13:43 | 943322 Jason T
Jason T's picture

we'll hes desribing my business.  I work from home, i even just cancelled my efax because every i scanned and emailed everything.  am considering losing my cell phone too and just using skype.  would share cell with wife.  cutting costs!

Tue, 02/08/2011 - 15:17 | 943672 Sokhmate
Sokhmate's picture

efax canceled years ago. I got rid of the scanner too. I've even unplugged my printer. There is an undeniable joy to running a business on bare bones.

Tue, 02/08/2011 - 13:43 | 943329 docj
docj's picture

I'm sure your Congressional subpoena from the Committee on Ponzi Affairs is on the way for speaking such herasy, Mr. Smith.

Tue, 02/08/2011 - 15:23 | 943718 Great Depressio...
Great Depression Trader's picture

LOL

Committee on Ponzi Affairs, too funny!!!

Tue, 02/08/2011 - 13:44 | 943332 Sean7k
Sean7k's picture

Next stop- black markets, cash only, money held out of system (banks) and untrackable. Government response? No more cash? Copper, silver and gold might just become small business money.

Tue, 02/08/2011 - 14:05 | 943420 buzzsaw99
buzzsaw99's picture

Next stop- black markets, cash only, money held out of system (banks) and untrackable.

 

+1

Tue, 02/08/2011 - 14:14 | 943449 Rodent Freikorps
Rodent Freikorps's picture

Electronic currency and RFID chips, bitches.

The future.

Tue, 02/08/2011 - 18:13 | 944390 lemonobrien
lemonobrien's picture

black market goes silver and gold

Tue, 02/08/2011 - 19:10 | 944559 Rainman
Rainman's picture

white market goes pogs

Tue, 02/08/2011 - 15:04 | 943624 GreenSideUp
GreenSideUp's picture

+2

Tue, 02/08/2011 - 14:24 | 943488 Fernley Girl
Fernley Girl's picture

cash only

 

If you haven't asked for a cash discount from a small business owner you're spending too much money.  Especially for service work:  HVAC repair, plumbers, electricians, small retail shops, even medical/dental if you're not insured.  Whether or not they report my cash payment as a sale is their problem, not mine.  Most are willing, even happy to give discounts for cash. 

Tue, 02/08/2011 - 14:29 | 943502 MachoMan
MachoMan's picture

Bingo.  The discount is likely enough to offset any lack of receipt/warranty needs...  and, if you pay in cash, those repairmen have a funny way of making you a priority...

Tue, 02/08/2011 - 14:54 | 943580 HungrySeagull
HungrySeagull's picture

Contractors gather at my wallet panting and slobbering to get the job done with the very best of quality they can give me.

And damn do they do good work!

So good I might find something else for them to come back and do so I don't have to worry about it. Trust me, all cash, all the time when I have it saved.

Tue, 02/08/2011 - 15:01 | 943605 Kali
Kali's picture

Agreed, i accept cash gold silver, but very few take up.  Those who do, get special attention.  I barter with a lot of my biz suppliers, we actually make "stuff".  Input costs are skyrocketing.

When I buy, that is the first thing I say, "do you give cash discounts?".

Tue, 02/08/2011 - 15:30 | 943750 Chump
Chump's picture

Yes ma'am.  Just got a new HVAC unit myself and the owner was as happy as a clam to knock a couple hundred off as a cash discount.

Cash is king, for now.

Tue, 02/08/2011 - 14:24 | 943490 bunkermeatheadp...
bunkermeatheadprogeny's picture

Small businesses have been exchanging gift certificates with each other for years.

Tue, 02/08/2011 - 17:04 | 943869 Dr. Sandi
Dr. Sandi's picture

Next stop- black markets, cash only, money held out of system (banks) and untrackable.

What you mean, next stop? Get on the bus or it'll leave without you. Another will be by shortly, though.

Government's sole purpose is to stop you from doing stuff. So quietly leave them out of the equation.

Han Solo had it right:

Avoid Imperial entanglements.

Tue, 02/08/2011 - 13:44 | 943333 system failure
system failure's picture

No shit, and they have now gotten concerned with small business after over 20 years of bleeding our business growth to smithereens. Carbon credits, EPA, OSHA, Taxes for everything you try to do, and wonder why nobody wants to venture down the road to forming a business. Borders not protected from other countries that allow blatant destruction of their lands for the almighty dollar. Unfair labor practices from other countries that want to push their way into our country for our market share. Everything has been sold off and Congress has done nothing to protect our system. The system we had has been broke for decades now, and Obama comes out with the statement, American business needs to ask what they can do for America. Why should they when  Government regulation for years has done nothing but spoil and entertain their special personal interest between big business and buying of votes. The piper has come home to roost and now its a problem after screwing the small business unconnected people who have been trying to get ahead. Only to be pissed on, beaten down, and taxed to death by political bureaucratic largesse.  

Tue, 02/08/2011 - 13:48 | 943355 system failure
system failure's picture

All from a Presidential staff whose poultry 8% participation rate is from a private business background.

Tue, 02/08/2011 - 13:53 | 943377 PeterSchump
PeterSchump's picture

"poultry"

 

was that on purpose?

Tue, 02/08/2011 - 14:12 | 943440 system failure
system failure's picture

 I got excited and should have typed "paltry". But chicken is small like the percentage.....

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