When asked how his “bold agenda” might get interpreted by small business owners worried about government changes in health insurance and energy might impact their business.
OBAMA: Yes, the small businesses that I talk to — and I’ve been talking to a lot of them as I’ve been traveling around the country over the last several months — their biggest problem is right now they can’t get credit out of their banks, so they’re uncertain about that. And they’re still uncertain about orders. You know, do they just have enough customers to justify them doing more? It’s looking better at this point, but that’s not the rationale for people saying, “I’m not hiring.” Let me put it this way. Most small businesses, right now — if they’ve got enough customers to make a profit and they can get the bank loans required to boost their payroll, boost their inventory and sell to the customers, they will do so, OK?
Asked by Anonymous at 9:16 AM on Feb. 11, 2010 in Politics & Current Events
Answer by Anonymous at 9:18 AM on Feb. 11, 2010
Answer by jewjewbee at 9:21 AM on Feb. 11, 2010
Answer by LoriKeet at 9:24 AM on Feb. 11, 2010
Given the state of the economy, no sane businessman would take out bank loans to expand inventory and personnel without having made certain that those costs will get recouped in the short term.
This is the problem when you have a President that has never had a job in the private sector. He simply doesn't understand how small businesses operate and the risks they are willing or not willing to take.
Answer by QuinnMae at 9:24 AM on Feb. 11, 2010
Answer by Anonymous at 9:24 AM on Feb. 11, 2010
Answer by Carpy at 9:25 AM on Feb. 11, 2010
This is why, from a business stand point Obama is setting himself up for epic fail. In his entire “professional life”, the only business model Obama has dealt with?public sector. What business model does not need to worry about making a profit? GOVERNMENT ..What business model borrows money at the cost of other people (ie: taxes) and has no accountability or responsibility to show a profit or even break even? GOVERNMENT. Obama is trying to force Big Government philosophy onto small businesses. Scary how Obama is incompetent , inexperienced, and ignorant to the world of business.
Answer by grlygrlz2 at 9:32 AM on Feb. 11, 2010
Answer by itsmesteph11 at 9:36 AM on Feb. 11, 2010
Answer by jewjewbee at 9:42 AM on Feb. 11, 2010
Answer by jewjewbee at 9:57 AM on Feb. 11, 2010