Small Business to Get Short Shrift from Obama Administration
BackwardsBoy @34 wrote:
“The current anti-business atmosphere is a direct effect of having lawyers in charge in Washington. Lawyers are trained in removing and redistributing wealth, not creating it.”
I’ve thought that for a long time. The other comments from others about the creation of a new oligarchy are right on target. Soros and his coterie of multimillionaires and billionaires are out to create an oligarchy.
If you want to know what an oligarchy is, at its most refine? Look towards Moscow and Beijing. And there you have your answer.
I work as a securities’ analyst for a small investment firm. In total, the staff comes to 18 people. I’m very loyal to the owner of this firm, because he gave me my break after I graduated from Boston College’s MBA Finance program. I am very nicely compensated, even if I make less money than the people in New York make, but living in rural New Hampshire is a far, far better lifestyle. I applied to dozens of very large firms, but because I did not have an Ivy League pedigree and sheepskin I never had a chance. I graduated back in 1991 during a recession that hit New England particularly hard. While in grad school I had a project whereby we had to select some large regional banks, do fundamental analysis of their businesses, and then come up with a value for their stock. I predicted all three banks would be gone within two years – and they were. While I was doing my work on this project I ordered up the reports from an analyst working for Lehman Bros. in New York (her name was Katherine Hensel). She was covering the banks I was doing my analysis of, and she had them valued far, far above the numbers I came up with. I, an amateur, whipped her butt on that one, even with her Ivy League pedigree and education thrown in.
My point: small businesses can and do employ people with talent looking for a break. Bigger is not always an indicator that the corporation has corralled the best talent or even has the best business model.
Macro policies that punish small business do great harm to the American economy. And they detract from opportunities that young people need when they are getting out of high school, college, tech school, and graduate school.
