Small businesses agree with Steve’s Stimulus sign

By Steven Deam, Sr. – CNC Industries, Inc.  Fort Wayne, Indiana

August 20, 2009

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Since placing a sign in front of CNC Industries with the message – 100% Hard-working People here, ZERO Stimulus dollars at work here! – it has received a fair amount of attention.    Without exception everyone who has seen the sign has expressed support for the message.

In the past 2 weeks I have been interviewed on camera by the Indiana News Center and there are been two well written articles published about the sign.   One article appeared in the Fort Wayne News-Sentinel newspaper and can be read

[here]   The second article was written by Derek Korn, senior editor for Modern Machine Shop magazine.  That aticle can be read [here].

It seems that I am not alone in my attitude about the topic.  According to a survey by Intuit Payroll, an online accounting service based in Mountain View, California… “94 percent of those responding say the health of their business depends more on what they can do for themselves rather than on what the government can do for them.  In addition, 86 percent do not believe the federal economic stimulus plan will directly benefit their business, while 75 percent do not believe the government offers them enough support.”    The Intuit article can be read [here].

A Wall Street Journal article further supports my feelings about this issue.  In the article several small business lobbying groups have voiced their opinions. “More can and should be done,” National Small Business Association President Todd McCracken said in an email. “If Congress and President Obama are concerned about unemployment, they ought to look no further than the small-business community’s ability to create jobs and seriously consider more targeted proposals such as ending the self-employment tax on health insurance that only small businesses are forced to pay.”

The National Federation of Independent Business (NFIB) says the legislation “provides limited relief or incentives for small businesses and instead spends massive amounts of taxpayer dollars on programs that have little to no connection to economic growth or job creation.” They’d like to see a six-month payroll tax holiday included in the bill. That, they say, would “immediately put money back into the hands of consumers while simultaneously decreasing the cost of labor paid by employers. This is a sensible provision that will provide real help to small business owners.”

The Small Business and Entrepreneurship Council says the bill just doesn’t offer enough for small business. “The ‘economic stimulus’ measure that passed the House includes too much spending that has little to do with helping the economy, and not enough for small business owners and entrepreneurs to help them survive, create jobs and grow their firms. We fear this will do little to help the economy,” the organization says in a statement. “Small business owners are looking for tax certainty, relief and incentives,” the SBE Council adds.

The Wall Street Journal (WSJ) article can be read [here]

So, the question is:  Is the government doing the right thing to stimulate the economy and create jobs?   I think most small business people would say a resounding NO.   I guess I’m old-fashioned, but I continue to believe that a good, steady job takes care of people better than the government ever can, or will.

August 20th, 2009|

The Fort Wayne News-Sentinel prints an Opinion Piece on our Stimulus sign

By Steven Deam, Sr. – CNC Industries, Inc.  Fort Wayne, Indiana

August 13, 2009

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This has been an interesting week for CNC Industries.   After placing a sign in our front yard a few weeks ago which states:  100% Hard working people here / ZERO stimulus dollars at work here, I was first interviewed on-camera by Indiana’s NewCenter of Fort Wayne, Indiana.     After reading their printed report

[here] and watching their video [here], I was disappointed with the way the message was portrayed.

Literally just a few minutes after making a post to our website, expressing my dissastisfaction with Indiana’s NewCenter’s report, I was contacted by a column writer for the Fort Wayne News-Sentinel newspaper.   Kevin Leininger indicated that he heard that I wasn’t real pleased with the news coverage and asked if he could interview me to discuss the message of the sign in more detail.   I told him I would be happy to… (although admittedly I had some reservations that it may be more of the same.)

I was interviewed by Kevin on Wednesday, August 12, 2009.    Even though I felt the interview went well, I was still a little apprehensive about seeing his “take” on my interview in print.    I am happy to report that I am very happy with his piece.   Kevin reported my feelings about the sign very accurately and without distortion.  He even had the courage to expound on it with his personal opinions – even though his opinions go against the grain of many of today’s attitudes.

Thank you Kevin Leininger!

Read Kevin’s article [Here]

August 13th, 2009|

Steve Deam Sr is interviewed

By Steven Deam, Sr. – CNC Industries, Inc.  Fort Wayne, Indiana

August 11, 2009

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On Monday, August 10th, 2009 I was interviewed about the stimulus sign that I placed in front of CNC Industries.   After watching the interview, I feel that my message was presented with the tone that I am upset because there is nothing in the stimulus bill for “my” business.    That is not my message at all.

To clarify things, what I was trying to convey in the interview is the fact that I have yet to find anything in the stimulus bill that will help most small businesses create jobs.  It is my opinion that despite the huge amount of money allocated for stimulus, small businesses are being overlooked.

Collectively small businesses are the largest creator of new jobs – creating between 60% to 80% of new jobs.   Given that fact, I think it only makes sense for a reasonable amount of the stimulus money to go toward helping small businesses create solid, long term jobs.   I believe that tax relief for small businesses and their employees is one of the best things that could be done to stimulate business growth and to improve the economy.

At the end of the interview, the interviewer asked me: “In conclusion what is your main message with the sign”.   I answered by saying that the top part of the sign was the main message.  That CNC Industries has a group of hard-working people who just want to carve out a decent living for themselves and who are trying their best to make it on their own.

The fact of the matter is that I do not expect any help from the government and I plan for CNC Industries to survive this recession just as we have survived past recessions  – by operating as lean as possible and by seeking additional customers.

As with most small manufacturing companies in the area, CNC Industries pays good wages and provides good insurance as well as other benefits.   We simply want to be able to continue creating good, steady jobs for people.

For reference, 

[here] is a link to the news article.   There is a link to the video inside the article.

August 11th, 2009|

CNC Industries displays a Stimulus message

By Steven Deam, Sr. – CNC Industries, Inc.  Fort Wayne, Indiana

August 10, 2009

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CNC Industries, Inc., a Fort Wayne Indiana based small business has placed a banner in their front yard that reads:  100% Hard working people here – ZERO Stimulus dollars at work here.   The message expresses the frustration of the company owners over the fact that very little, if any, of the $787 billion dollar “American Recovery and Reinvestment Act of 2009” is being used to help small businesses.

Steve Deam Sr., explains that the sign is not intended to be a political statement, rather a statement of fact.   Despite the promises that the stimulus bill will help create jobs, and despite the fact that small businesses account for the largest creation of new jobs, Steve has yet to find anything in the spending bill that will benefit CNC Industries, or most other small businesses that he knows of.

According to Steve Deam, Sr. he has received very positive feedback since putting up the sign.   Steve plans to the leave the sign up until he can find anything in the stimulus bill that will actually help CNC Industries, Inc. create jobs.

During the first half of 2008 CNC employed 67 people and was well on its way to 100 employees.  Since November 2008, CNC Industries has been forced to lay-off over half of its workforce.

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August 10th, 2009|