I am highly offended with Obama’s conclusion for the job crisis. Our president primarily blames small business owners and their mindset for “squeezing profits” for the lack of new jobs in the market.
I realize that he has never run a small business, and I assume that he has never been employed by a small business owner. If he had any experience with small businesses he would know that start up businesses usually require owners to go without a paycheck for an extended period of time. Once the business is up and running cost savings is a primary drive for EVERYONE working in the company. That means going without new software upgrades, buying crappy office supplies in bulk and having pot luck Christmas parties.
The heart of a small business is the employees who all join together for a common goal. To say that “squeezing profits” is the goal is a slap in the face to all owners and employees who are just trying to make payroll. Any profits are quickly eaten up by taxes and soon to be fines for healthcare.
I have worked for small business for most of my adult life. One of which I had to leave due to the lack of health insurance, but that was my CHOICE. It was inconceivable to expect a start up business to provide health insurance (or be fined for not having it) when the owner was using up his 401K in order to get it off the ground.
We are killing small business already - and it is only getting worse.