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Posts Tagged ‘bail out’

job-loss-3

 

Statistically, small business owners provide the largest percentage of jobs in the U.S. — yes an even larger percentage of jobs than all of those bail-out “worthy” industries. In spite of all of the bail out monies that were supposed to loosen up the purse strings of banks in order to strengthen small businesses in extremely tough times, small businesses have become ignored and have nothing to show for any of the so-called efforts on their behalf. In fact, even without the economic crisis that is truly upon us, historically small businesses get very, very little considerations, tax breaks, or other incentives to operate their businesses.  As a result, the economic drain our nation is experiencing is merely a manifestation of a long time attitude apathy towards what really makes this country healthy.  Is it any wonder that the job loss in the last 12 months has been the worst it’s been since the World War II era?  Over 250,000,000 jobs were lost in 2008 and that doesn’t take into account the millions of individuals who were forced from full-time employment to part-time, nor does it take into account the self-employed individuals who have had to hang up their dreams and stand in the unemployment line with millions of others.  In my opinion, the economic crisis could have been averted long ago, and even the Wall Street and mortgage disaster impact lessened had national and state leaders paid more attention to the needs of small business owners.

 

When a CEO runs a company into the ground, it’s an innocuous entity.  The CEO is merely losing his regular pay check and other corporate perks. But when a true small business is run into the ground, chances are high that the life savings of the business owner, customers they’ve become friends with, and long-time employees they’ve connected with personally suffer through the carnage of such an event.  By the time the doors are finally shut on a small business, great sacrifices have already been for its survival.  Great personal financial risks such as mortgaging personal homes to the hilt, stripping it of all available equity only to find the value dropping far below the lien amount months later, and cashing in retirement and savings accounts just to last as long as possible in hopes that a life preserver will come their way.  And yet for all of this sweat, tears and sacrifice, small business owners can’t lay claim to appropriate health insurance tax deductions, can’t get access to the same affordable health care packages that large corporations enjoy, and are inundated with paper work requirements while their larger counterparts have enormous legal and accounting teams to deceive their shareholders. 

 

When a small business owner sees fit to terminate an employee who steals from them or conducts themselves inappropriately, the state still requires them to pay unemployment benefits unless such an infraction is specifically outlined in some kind of written form that the employee has manifested the receipt of. 

 

Large corporations have money and staff to handle these items. Many such monies derived by secret government contract negotiations, unfair labor practices, political connections, and international outsource savings. In contract, small business owners are beat up every which way they turn.  They pay sales taxes when they purchase items to make their businesses run better, or make their jobs easier, and then they are assessed additional taxes by their cities on those same items merely because they possess them. 

 

Long ignored is the fact that small businesses historically pay better average wages than big corporations, and discounted is the fact that employees are typically more satisfied working for a smaller business.  There is absolutely nothing done to throw a rope for small businesses in spite of their obvious strength to the economy which has been historically present for over a century! 

 

We’ve heard the saying “money talks.”  The current economic crisis is not as a result of Wall Street collapsing, a residential mortgage scandal, or the ineptness of the Federal Reserve. It’s an inevitable manifestation of ignoring the goose the lays the golden eggs. I wonder how much worse things have to get before the REAL talking money gets listened to.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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bail-out-protest

 

The more I hear of businesses demanding a bail out, the more fearful I am of a socialist government taking over our nation.  A bail out mentality is the benchmark of a socialistic, or even a communistic government.  We give up our freedoms every time we accept “assistance” from the government, banks, or even a rich Uncle.  What ever happened to the attitude of “Independence” in our great country?  Perhaps that got thrown out as everyone started celebrating the “4th of July” instead of intended “Independence Day.”  The value of our independence is worth more than all $700 billion- even for one person!  I’m sure the hundreds of thousands who have spilt their blood so that we could truly be independent would be horrified at the thought of how weakly we value such freedom today. Much of that blood was spilt in order to abolish slavery, and yet we willingly enslave ourselves when we stand by and watch a sizeable portion of our lives, our futures, and that of our progenitors be sold out for $715 billion in total. (And that’s just what we know about.)  I see a bail out as one trying to cheat consequences.  And yet we all know that doing merely compounds the consequences as they were originally determined.

 

shackles1Bail outs have long- term consequences that you ultimately do not want. And you certainly do not want them for your children or grandchildren. And yet your government leaders are shackling us with these burdens without representing your interests and with every attempt to keep you in the dark as to their true consequences.  These decisions are being made in a myopic and duplicitous manner by those with power with the intention that those who are working 2 and 3 jobs just to make ends meet will be too busy, too drained to give put up any resistance.  You can say that it won’t come from our tax dollars…at least not in such a manner that it’s so obvious.  Do you really think that our government printing up an extra $715 billion in our economy will have no affect on the value of our currency? 

 

The value of our currency determines the value of your work.  As the value of the dollar goes down, the need for you to work more hours increases just to obtain the necessities in life.  In truth, we would gasp in outrage and plot an all out revolution if we clearly saw just how many of our hours we’re forced to work just to pay the debts which our out of control government has thrust upon us.  And of course, the government has brokered the maximum amount of power when it comes to collecting their share.  After all, who among us does not have a moment of fear when we hear the words IRS tax audit?

 

It’s apparent that we no longer broker money and monetized assets folks. We now broker power, and I’m not talking about electricity either.  The attitude of the majority of our leaders is “money is nothing if it doesn’t come with power.” Why else would someone spend millions to win a position that only pays $165,000 a year?  It’s the power that it buys, not their commitment to serving the people they represent.

 

Whatever happened to the police officers that children looked up to as heroes?  Today we only see them use their power to violate the very laws they are supposed to enforce with the belief that they do so beyond reproach.

 

What ever happened to the professional basketball and football players that we used to look up to as superstars? Instead we see arrests for atrocious crimes knowing full well that the arrests only represent a small fraction of what’s actually being committed due to successful power brokering.

 

Thank goodness there’s still the Lance Armstrong, the Michael Phelps, and a few others like them to show us that there is still power and strength in goodness.

 

In closing I just wanted to share this little write-up by an anonymous author as they attempt toe explain the orchestrations of the bail outs to us.

 

Bail Out explained (Author Unknown)

Young Henry in Montana bought a horse from a farmer for $100. The
farmer agreed to deliver the horse the next day. The next day he drove
up and said, “Sorry son but I have some bad news, the horse died.”
Henry replied, “Well, then just give me my money back.”

The farmer said, “Can’t do that as I went and spent the money already”
Henry said, “Ok, then, just bring me the dead horse.” The farmer
asked, “What are you going to do with him?” Henry said, “I’m going to
raffle him off.” The farmer said, “You can’t raffle off a dead horse!”
Henry said, “Sure I can, just watch me and I just won’t tell anybody
he’s dead.”

A month later, the farmer met up with Henry and asked, “What
happened with that dead horse?” Henry said, “I raffled him off, sold 500
tickets at two dollars each, and made a $998 profit. The farmer
said, “Didn’t anyone complain?” Henry said, “Just the guy who won so
I gave him his two dollars back.”

Henry grew up and works now for the government and he was the one
who figured out how to “bail us out”.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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