In 1998, Barack Obama Claimed Government Should “Facilitate Some Redistribution” Because He Believed “In Redistribution”:
Barack Obama: “I Think The Trick
Is Figuring Out How Do We Structure Government Systems That Pool
Resources And Hence Facilitate Some Redistribution Because I Actually
Believe In Redistribution…” OBAMA: “What that means then is
that as we try to resuscitate this notion that we’re all in this thing
together, leave nobody behind, we do have to be innovative and thinking
what are the delivery systems that are actually effective and meet
people where they live. And my suggestion, I guess would be that the
trick, and this is one of the few areas where I think there are
technical issues that have to be dealt with as opposed to just political
issues. I think the trick is figuring out how do we structure
government systems that pool resources and hence facilitate some
redistribution because I actually believe in redistribution, at least at a certain level to make sure everybody’s got a shot.” (Barack Obama, Remarks, Chicago, IL, 10/19/98)
How Has President Obama’s Redistribution Plan Worked For Small Businesses? It’s Impeded Hiring And Slowed Growth:
Nearly Three-Quarters Of Small-Business Owners Blame Obamacare For Hurting Job Creation. “As
part of the explanation for the general economic pessimism, 78 percent
of small businesses believe that taxation, regulation and legislation
from Washington make it harder for businesses to hire more employees —
and 74 percent blame the recent health care reforms passed by the Obama
administration for creating an impediment to job creation.” (Tim Mak,
“Chamber Poll: Small Biz Blames D.C.,” Politico, 1/18/12)
- CNBC Headline: “Small Business On Obamacare: No Reason To Hire Or Invest” (Patricia Orsini, “Small Business On Obamacare: No Reason To Hire Or Invest,” CNBC, 6/28/12)
According To The Small Business
And Entrepreneurship Council, “Business Owners Remain On Edge Regarding
The Tidal Wave Of Federal Government Regulation.” “‘Business
owners remain on edge regarding the tidal wave of federal government
regulation that has been advanced or proposed over the past two years. …
The pain of the harsh recession was intensified and lengthened by this
hyper-regulatory environment,’ Karen Kerrigan, president of the Small
Business and Entrepreneurship Council, wrote in a Jan. 12 letter to
Issa.” (Philip Rucker and David S. Hilzenrath, “GOP Eyes Rules That
Firms Say Hurt Jobs,” The Washington Post, 2/7/11)
According To A Recent NFIB Survey,
Few Business Owners Think The Current Period “Is A Good Time To Expand”
And A “New Record High” Think It Is A Bad Time To Expand. “However,
few think the current period is a good time to expand at 4 percent. The
percent of owners viewing the current period as a BAD time to expand
due to political uncertainty reached a new record high for this business
cycle at 22 percent.” (William C. Dunkelberg and Holly Wade, “NFIB
Small Business Economic Trends,” NFIB, 9/11/12)
Bureau Of Labor Statistics: “New
Establishments Are Not Being Formed At The Same Levels Seen Before The
Economic Downturn Began…” “New establishments are not being
formed at the same levels seen before the economic downturn began, and
the number is much lower than it was during the 2001 recession.” (Bureau Of Labor Statistics Website, Accessed 9/18/12)
According To A Recent Study From The Hudson Institute, “The Startup Jobs Rate Has Collapsed In Recent Years.” “But
the startup jobs rate has collapsed in recent years. In fact, the rate
of startup jobs during 2010 and 2011, years that were technically in
full recovery, are the lowest on record. The second figure shows how the
rate declined during the recession years 2008-2009, but also shows that
it continued to decline afterwards.” (Tim Kane, “The Collapse Of
Startups In Job Creation,” Hudson Institute, 9/2012)
And President Obama’s Second-Term Agenda Won’t Make Life Any Easier For Small Businesses – Hiking Taxes And Destroying Jobs:
President Obama’s Tax Hikes Would Subject 2.1 Million Business Owners To Higher Taxes And Would Jeopardize 710,000 Jobs. “Researchers
determined the plan would actually subject 2.1 million business owners
to higher rates; specifically, those who pay pass-through taxes, like
most partnerships, LLCs and S-Corporations. The result, less capital in
the hands of business owners and diminished labor supply, would cost the
United States an estimated $200 billion in economic output and 710,000
jobs.” (J.D. Harrison, “Obama Plan To Lift Top Tax Rates Would Plague
Millions Of Small Businesses, Study Warns,” The Washington Post, 7/17/12)
President Obama’s Tax Plan “Would Hurt Small-Business Job Creators In Particular.”
“New research, released today by the National Federation of Independent
Business, shows that allowing tax relief on the top individual rates to
expire will hurt job creation and the economy. The report, published by
top accounting firm Ernst & Young, shows raising top individual
rates would hurt small-business job creators in particular.” (NFIB, Press Release, 7/17/12)
President Obama’s Tax Plan Will Increase Taxes On Small Businesses To As High As 41%. “But
Mr. Obama is demanding tax increases, not tax cuts, and large increases
at that. If the Bush tax rates expire as scheduled on December 31,
rates on the top two income brackets will jump to 39.6% from 35%, and
36% from 33%. Add the scheduled return of income phaseouts for
exemptions and deductions, and the rates go up another two-percentage
points—to at least 41% and 35%.” (Editorial, “Off The Tax Cliff He
Goes,” The Wall Street Journal, 7/9/12)
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