Obama Wants to Close Thousands of Businesses & Raise Unemployment

Many businesses in America, large, medium and small, are operating on shoestring budgets.  As Obamacare began to kick in, hundreds of businesses began laying off staff to offset the increased costs they face under Obamacare.  Consequently, thousands of people have lost their jobs, thanks to Obama and his Affordable Care Act.

Hundreds of other businesses, especially many small businesses have had to drop health benefits for their employees as they can no longer afford the higher premiums.  Consequently, thousands of Americans who still have jobs have lost their employer provided healthcare plans.  The vast majority of these employees cannot afford to purchase their own health insurance because the Affordable Care Act has driven prices beyond what is affordable.  Consequently, thousands of Americans are finding themselves uninsured.

Then there are all of the tax increases that took effect this year that are also hitting business owners hard.  If a business owner makes $250,000 or more a year, they are facing combined tax increases of 6%-10%.

So you have business owners paying more for employee health coverage and more in taxes.  However, their revenue intake is not increasing, which means this all comes off their already thin profit margin.

Now President Obama wants to add a third financial burden onto the already weakened shoulders of business owners.  He wants to increase the minimum wage from $7.25 per hour to $9 per hour.  If you’re an employee making minimum wage, this sounds great.  That means you will earn $70 more per week or $3,640 more per year.

Obama claims raising the minimum wage will help eliminate poverty, but it won’t.  In reality, it will cause more businesses operating with a very thin profit margin to either cut more jobs or close their doors.  Either alternative means more people losing their jobs.  If they weren’t part of the poverty class then they soon will be.

Have you ever heard the expression ‘three strikes and you’re out?’  If Obama gets his way with the minimum wage increase, many business owners will be getting their third strike.  First, increased costs of Obamacare.  Second, increased taxes.  Third, increase wage costs.

All I can say is be prepared to see more going out of business sales and signs followed by more empty buildings.  More empty buildings means less rent income for the landlords, so they have to take action to cut costs and more jobs are lost.  The more empty buildings, the less sales and service from other companies and they will also have to take action and reduce staff.

Remember the move, The Perfect Storm, starring George Clooney, Mark Wahlberg, Diane Lane and Mary Elizabeth Mastrantonio?  Three different storms merged to form one huge storm that ended up claiming the crew of the swordfishing boat, the Andrea Gail.  Americas’ businesses are about to get hit by their own perfect storm, the combination of three significant cost increases.  Like the Andrea Gail, many businesses will not be able to weather this perfect financial storm.  They will flounder, fill up with costs that can’t be met, and sink out of sight, all due to the economic policies of President Obama.



Posted in Business, Economics, Economy, Employment, Politics, Poverty, Taxes Tagged with: , , , , ,
  • http://twitter.com/dmttbt6 David Taylor

    We have approximately 25 million unemployed and he is going to legalize another 11 million which is going to turn out to be more like another 25 million. The total of about 50 million. Part time is being cut from 38 hours to 20 hours. If you have a job and working only 20 hours a week, you will not be able to afford to get to work and back. That will mean the employers will have to hire 2 times as many people to get the work done. That is assuming that there is going to be work. When people either make nothing or 20 hous a week they are not going to be buying items. They will do well to keep a roof over their families head and feed them.
    John Q Public is vsitting out here saying as long as he is a Democrat we don’t care. It doesn’t matter which of the two useless parties is in charge, we are in for ruin.

  • huntingfreedominAmerica

    Sure he does, but maybe this is what it’s going to take to wake up the 51%

  • http://www.facebook.com/people/Micheal-Stone-Sr/100003190509303 Micheal Stone Sr.

    Why are the American people so ignorant on ALL POLITICAL ISSUES? All you have to do is read (the ones that can read, that is) and you will understand the WAR PLANS OF PROGRESSIVISM, they were pioneered by radical professors colward and piven! obammi has planned all along to bankrupt the US , hugely growing social programs, to convince gutless, lazy Americans they cannot survive without govt! Part of the attack on capitalism also includes retarding job creation with overregulation and raising the “minimum wage to discourage employers from hiring!

  • pookieamos

    Obama’s agenda from day one was to shut down the private sector ! No president comes into office with a crisis we had and proceeds to increase more heavy handed burdons to further cripple the economy ! Then he spent a solid year trying to take over healthcare causing further uncertainty in the private sector , then he commenced with attacking job creators with his devisive rhetoric , attacks on the wealthy , calls for higher taxes ! Then he began shutting down drilling which caused gas prices to spike and now he’s doing all he can to drive electrical prices higher. No one who wants a growing economy would deliver such an attack on the private sector ! The 2012 election was about jobs and the economy for most Americans but it seems people voted for social issues or they failed to see Obama was and is the reason our economy is faltering.At the same time Obama is expanding government and increasing government jobs and more agencies that put further pressures on the entire economy ! The thing Obama lovers don’t get is this man pretends to care about the poor even as he makes you more poor. He pretends to care about people having affordable healthcare while his very law drives our cost even higher , making it even harder for people to survive.He is destroying our country and those who live to be taken care of by the makers will have nothing when he’s done destroying it all !

  • [email protected]

    problem with that is we are not an empire we are a republic.

  • http://www.facebook.com/people/Barney-Murrell/100002684651114 Barney Murrell

    If a minimum wage costs jobs then let us reinstitute slavery, by anti-minimum wage logic that should create lots of jobs. However, conservative solutions may not be in the average citizens best interest.

    Visual proof of conservative encouraged – by small government ideology – racism and child labor can be seen as follows:

    (1) With wages at subsistence levels and no “safety net” to protect the sick, injured, and mentally ill from destitution even little children were forced to help support their families by working in factories, and they can be seen in Lewis Hines photos of “Child Labor in America 1908-1912,” http://www.historyplace.com/unitedstates/childlabor/about.htm

    (2) State Rights and slavery were major reasons for the Civil War; but southern conservative attitudes were not changed then or now by their loss of it. How southern conservatives brutally treated African Americans around the turn of the 20th century can be seen in the following lynching photography sites: http://www.americanlynching.com/pic2.htm.

    (3) Even WWI veterans did not escape the evils of conservatism. In the summer of 1932 thousands of WWI veterans and their wives and children marched on Washington to petition for advance payment of a bonus they had been promised for wartime service, that was not due until 1945. Congress refused to grant early payment; and, after the veterans refused to disperse, President Hoover allowed ‘General Douglas, leading four troops of cavalry, six tanks, and a column of infantry (with fixed bayonets and teargas), to destroy the encampment and drive the veterans and their wives and children into Maryland.’ http://www.worldwar1.com/dbc/bonusm.htm.

  • 4lifeandfreedom

    No one seems to remember the Walter Mondale Manifesto in the 1970’s stating that “parents are not capable of raising their children, so we need universal daycare for all of them,”
    The 4 year old preschool that Obama stated in his SOTU campaign address is the first in this.
    He got Hillary’s universal healthcare through, and now we are going to see “it takes a village to raise the children” absurdity come to fruition.

  • LogicNotHuff

    The nation is being judged by God for trying to cram onto the Israel the splitting of the land. The USA is trying to make Israel give Jerusalem to the PLO terrorists. Japan had a devastating earthquake right about the time they were pumping money into the PLO. God is not mocked.

  • LogicNotHuff

    The nation must get back to supporting Israel, and not trying to cram on them division of the land. The nation of Israel belongs to God’s chosen people the Jews. This president is Muslim so that’s how he can treat Prime Minister shamefully, however, Bush and Condoleeza also tried to cram on Israel division of the land. This is why God is judging America. Zechariah 2: 7-9 says “7 Deliver thyself O Zion that dwellest with the daughter of Babylon. 8 For thus saith the LORD of hosts; After the glory hath he sent me unto the nations which spoiled you: for he that toucheth you toucheth the apple of his eye. 9 For, behold, I will shake mine hand upon them, and they shall be a spoil to their servants: and ye shall know that the LORD of hosts hath sent me.” This is where the United States is, the former servants, which are white union-types, blacks for the east, and mexicans for the west, are now in charge and they aren’t leading the nation prudently, they are plundering it. Impeach Obama and get the nation back supporting Israel again.

  • Doc Savage

    I worked as a grocery stock boy in the 50’s, when the minimum wage was increased or the steel workers got a raise we immediately raised prices on all the goods in the store. Bus rides went up a nickel. The cost for every thing went up. My Dad would say every time he got a raise he had less money. Increased wages should be based upon increased productive or adding value to a business. So a business can increase it’s sales in order to cover the cost of higher wages. Otherwise you are just shooting yourself in the foot. I know shooting is a PC incorrect word but I thought it was better than “pissing in the wind”

  • chuckie2u

    Comrade Karl Marx stated the easiest way to control the market place when he advocated to Tax Capitalism out of business. The Progressives running the country are about to fulfill their ambitions. Afterwards only Government employees will have have jobs so who is going to work to pay for all the unemployment benefits? Time for the Progressives to introduce their next project ” Reduction in Protoplasm !”

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