Posted by
Marie-Jacqueline on Sunday, September 28, 2008 3:00:28 AM
I lost my job due to economic changes and I started a small business. I had to rely on stated income so I had trouble obtaining a business loan. I went to plan B which depleted my savings but allowed me to start my business on a shoe string budget all the while trying to keep my mortgage and other bills paid. Last year I earned $31,000. I employ one assistant, and contract employees from time to time.
I am a single woman. I drive an old car to avoid needing to pay a car note. I reinvest in my company as I can and live a with a tight budget. I donate time and sometimes money to charity if I have a good month.
Live in a home I bought in 1998 - a starter home. I could have qualified for more but fortunately I choose not to over extend. A good thing since my job situation changed dramatically.
I make ends meet --by the skin of my teeth and work an average of 6 days a week.
I am obviously NOT rich ...But I would rather be independent then a Socialist with my hand out asking other tax payers to pay my way! I take pride in earning my own keep and not taking Gov. handouts. I have to wonder whatever happened to personal accountability?
I Will vote for Sen. McCain..because I have studied his record and I have studied Obama's..( well what there is of Obama's)
Obama may say that 95% of us will get tax cuts, but he is inflating that number drastically....For starters he is including in that number the 40% of people who are not paying into the tax system to begin with. So what he is really talking about is instituting socialist tenants - with wealth redistribution. In addition most of what he is really talking about are tax credits - one time payments intended to stimulate the economy and they not ongoing. So he is being VERY misleading.
Obama plays Santa Claus, a very loveable roll to play. He offers everyone policy gifts making him very popular with economically stretched voters, but he fails to tell us how he will pay for it. Obama hums and haws saying something's might have to give, but dances around to avoid telling us what specifically. Why ? Because he wants all the voters to believe that they will get their gift while he will cut someone else's gift off his Santa list.
So when the debate moderator asked repeatedly for specifics Obama essentially voted present and did not respond " yes this stays" or "no that has to go".
When Obama heard him speak at the democratic convention I thought..How the heck does will anyone believe Obama can cut so much in taxes and offer to grow Government with new, huge, bureaucracies, and pay for it? I am betting that Obama never planned to deliver on most of his promises at all. He just wanted to promise something for everyone and if it worked to get him elected he would then back out of most of them using the poor economy and Bush policies as an excuse for not delivering.
Obama's would like to offer more bloated bureaucracies and quasi Government agencies - Does that sound like a good idea to you ? Can you say more Frannie and Freddie? We see how well those worked.
As a small business -Obama will raise my taxes. As is, I get taxed higher just because I am in business for myself and Obama wants to raise it yet more. So what does this mean for me, my employees and my customers?
I will have to cut back on my business expenses more than I already have. Unlike Gov bureaucracies I am already running lean and mean. I have too in order for my business to survive and prosper. I will have to let my assistant go so she will be unemployed. FACT: most Americans work for small businesses not corporations so a lot of other folks will find themselves in the same position as me - having to let go employees. I will probably see a drop in business because I will have to raise my prices to cover the new tax burden and not to mention the increasing operation costs. Cost of goods and services will go also up as other business strive to compensate as well, which will add to my bottom line so I will have to pass that on to the customer. Some customers will no longer be able to afford my services. They will loose and so will I.
On energy: Obama nearly choked on the words when he indicated during the debates that he would drill for oil. Did you notice a lack of conviction in words? I did! He lowered his voice, bowed his head as if reading his notes and mumbled. he did not mean it ..not one word. No need to be a body language expert to see that. Watch the debates again and see for yourself. I think he will cave once he is in office because he is in bed with the extreme environmental groups. So we probably will not see substantive drilling of any kind and the cost of gas that has been coming down since Bush removed the Presidential ban on drilling will reverse and go back up in price once the market realizes that drilling is not going to happen after all.
I have to drive to do my job so guess what I will loose more money their too. So will you. The Cost of groceries will go up since the cost of transport is going to go up. This will also be the case for clothing, school supplies, office equipment, services on utilities, and so on.... Something's may drop in prices of course.... houses for instance since most folks will not be able to buy a new home with all the other bills going up.
Here in Denver a nonprofit company that hires a lot of minorities and lower economic workers use to pay their bus transportation to help them get to work. Now the prices are going up and the nonprofit can no longer pay and they are loosing workers. Why? Because the very people who claim to want to help the poor won't drill!
On top of this Obama wants to close what he calls business loop holes. These loop holes for the average small business allow us to survive. Writing off a percentage of our operating costs helps us get small business off the ground and helps us compete against the deep pockets of International Corporations. Small business is the life blood of the American economy and and offers us some degree of independence in global economy. If Obama wants to run small business off main street and give all the work to Global Corporations he is certainly pushing all the correct policies to do just that.
Bottom Line Obama is a scam artist...He will say anything to get elected --promise everyone something--- playing at Santa Economics to get their vote. In the end he can not deliver on most of his promises and what he can deliver will do tremendous damage.
McCain at the Republican convention.. by contrast did not play Santa, he did not propose adding massive new Gov, bureaucracies, or pie in the sky tax breaks. He only promised to give tax breaks where he can and he would base it on what people actually put in. No, I won't get back as much as a rich guy but then he will still be paying a higher percentage than me so I will not bicker. My small business will not be crushed by more taxes. McCain will drill here and now while he pushes to explore other energy sources meaning oil prices will fall. Transportation prices will come down, as a result so will food costs, clothing , products and services. Small business will be able to grow rather than cut back. Employees will keep their jobs. Life may not be easy as we work through some economic issues but will be going in the right direction. McCain is a work horse not a show horse, McCain is not trying to play at Obama's mythical St Nick politics. He deals in the concrete facts and the details of attacking bloated Gov over-spending and corruption. I would rather my Country be run by a Maverick Sheriff than by Obama's with his La la land Santa Economic Policies.