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Saturday, September 29, 2012

55% of Small Business Owners Would not Start Company Today Due to Government Regulations

55 percent of small business owners would not start company today, blame Obama | WashingtonExaminer.com#.UGMlxI1lQ18#.UGMlxI1lQ18

55% of small business owners and manufacturers would not have started their businesses in today's economy, according to a new poll that also reports 69% say President Obama's regulatory policies have hurt their businesses.  Jay Timmons, president of the National Association of Manufacturers, said, "There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people."  The poll reports another ominous statistic for job creation: "67% say there is too much uncertainty in the market today to expand, grow, or hire new workers. 

I know of a way to lay aside the fears of uncertainty in the marketplace: The government needs to strike down all the burdensome regulations which make it nearly impossible for small businesses to thrive and grow.  I believe it would be proper for the federal court system to strike down these laws because they are unconstitutional.  The federal government is interfering with business owners' abilities to start and grow businesses.  America's economy was built on the free enterprise system.  All the new regulations that have been enacted either through Congress or through President Obama is hampering our economy.  Our economy would be growing if it weren't for the passage of Dodd-Frank and Obamacare in 2010 to name a few.  Many businesses don't know what the costs of Obamacare will entail.  We'll find out in 2014.  This is all part of the president's plan to destroy capitalism. 

To read the full story, click on the WashingtonExaminer.com.

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