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|