Happy blah Tuesday to everyone! I believe it is raining and dreary all over the Commonwealth today, which I cured with a yummy bowl of baked potato soup from Panera for lunch. Delish. Anywho!
I have come across an issues I would like to address: small businesses weathering the storm that is political indecision amidst economic recession.
Please read: Political Uncertainty Puts Freeze on Small Businesses, courtesy of the Wall Street Journal. Now once again I must remind you all that I am a not a political, economic, business, or financial genius, or greatly studied on any of these topics (although I am a proud graduate of Virginia Tech‘s Pamplin College of Business). I do however, claim to have common sense (thanks to Poppa Pants) and a general understanding of how businesses run (again reference to business degree…I didn’t go through 4 years of that for nothing!). Read the article, then come back to this if you’re still interested in my thoughts. I’ll wait. No really, it’s ok. …….Done? Great. First question: How can anyone with one iota of common sense think that impeding the growth of small businesses will help our nation recover from the recession?? If anyone has taken any introductory business classes of any kind, you probably learned that greater than 98% of all businesses in the entire country are small businesses (characterized differently by every state, but in general companies with <500 employees, plus other revenue caps). Think about it. That’s a crap ton of companies who employ Americans! I don’t think I need to restate everything in the article, since it is articulated so nicely by someone who actually writes for a living, but I would just like to say that Miss Sassy Pants agrees with every word. The statistics show what happens. Higher taxes to not encourage business growth. Uncertainty about wacko health care costs do not encourage business growth. Government projects which are stalled for weeks, months, years, do not encourage growth. Banks not extending lines of credit does not encourage business growth. And like I stated earlier, climate change is a concern, but if regulation raises costs for small businesses…well, you get it. When they’re scared, they don’t grow! They fire people. They go out of business. Thus we see an unemployment rate that hasn’t done much declining. I’ll stop there.
Think about it people. If 99.7% of businesses in the US are small businesses, then that means at least 9 out of 10 people you know are employed by or own their own small business. That’s a lot of people who want to keep their job. [Disclaimer: that was not a scientific statistic nor did I find it from a reputable source. It was made up in my own sassy little head and is just to prove a point. Do not nitpick me, Miss Sassy Pants likes to be sarcastic. Some people are unable to comprehend this, thus I feel the need to explain.]
Another time, I’d like to discuss the issues addressed in this editorial. Mean time, I think we’ve had enough sassiness for today.