Sunday, October 04, 2009

Will small business "Going Galt" be Obama's downfall?

Sunday, October 4, 2009
By Helen Smith

As I read about the unemployment numbers going up, now to 9.8%, I can't help but wonder if small businesses will be the catalyst that brings down this administration. The commenters to a blog post at Don Surber's Daily Mail blog seem to be on the right track in understanding why small businesses are not hiring:

Commenter Sean says:

Businesses aren’t hiring because no one knows what in the hell our economic system is going to look like 5 years, or even 5 months, from now.
Will “Cap and Trade” get implemented as the Democrats hope?
How much of an upheaval will “Healthcare Reform” end up being?
Is the administration and Congress done overhauling regulation of the Financial Industry?
No prudent investor is going to bet their money (i.e., invest in growth) when it is conceivable that the government is going to radically alter how 50% of this nation’s economy functions.
the rest

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