Just thought I’d send some thoughts from small-business America. My husband’s business is a canary in the coalmine. When tax policies are favorable to business, he hires more guys, buys more goods, etc. When he is taxed more heavily, he fires people, doesn’t buy anything new, etc. Well, duh. So, at the mere thought of a President Obama, he has paid off his debt, canceled new spending, and jotted a list of whom to “let go.”My father owns a small business, probably a bit smaller than the one in this letter, and his views are precisely the same as those expressed in the letter. He already pays huge taxes, and he is terrified of an Obama presidency.
The first of the guys will get the news tomorrow. And these are not minimum-wage earners. These are “rich” guys, making between $200,000 and $250,000 a year.
My husband will make sure that we’re okay, money-wise, but he won’t give himself a paycheck that will just be sent to Washington. He’ll make sure that he’s not in “rich guy” tax territory. So, he will not spend his money, not show a profit, and scale his workforce down to the bare minimum.
Multiply this scenario across the country and you’ll see the Obama effect: unemployment, recession, etc. No business owner will vote for this man, but many a “middle-class worker” will vote himself out of a job. Sad the Republican can’t articulate this.
I think my dad could have dealt with Hillary Clinton. He would not have liked it, but he would have done it, and he probably would not have been so worried. The same goes for me.
I know many of our readers and contributors think we are too partisan for McCain this election cycle, but in our defense, there is nothing conservative about Obama, even in a big tent.
Obama's apparent lack of conservatism should worry everyone today, because the last time we had a financial crisis followed up by political leaders who engaged in the rhetoric of class warfare, it did not turn out so well. And at the end of the day, it really is irrelevant whether or not Obama's policies truly threaten businesses, small and otherwise, because if they think that's the case, they'll shut it down, climb in the bunker, and wait for friendlier times.
Admittedly, the letter above and my dad's views are just a couple of data points, anecdotal to the extreme, but do we want to gamble on this point right now?