23% of Small Business Owners Went a Year Without Pay and Obama is Happy About It?

~ The Rebel ~ 2012/06/18 19:14:56

“Keeping businesses afloat has required sacrifices on the part of both employer and employees, the survey found. Over the past few years, business owners report that they have, at one time or another, taken less profit (78 percent), worked more hours than usual (70 percent), and used their own money to help the business survive (69 percent).

“But what is most revealing is that the majority of respondents — 54 percent — say they have gone without a paycheck in order to keep the business running. And nearly one-quarter (23 percent) have gone without pay for one year or more.

These numbers show that unemployment is higher than even the skewed official numbers are telling us. If these owners are not able to pay themselves, this means that there is a cash flow problem. When there’s a cash flow problem, there’s a downside to hiring, equipment purchasing, and company expansion.

Obama does not like American values. He resents American exceptionalism. It doesn’t matter if he was born in Kenya or Hawaii. He’s not an American at heart. But like all would be dictators, he wants to live above the rabble. So while he pushes for some form of economic parity among the common people, he will live far above them.

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  • bricklyn 2012/06/20 00:02:33
    Those are NOT the stats I found.

    >>We reported a few weeks ago on a survey from Citibank that found that 23 percent of 750 small business owners had gone without pay for at least a year during the most recent economic downturn. <<


    It is most like the small business owners with less than 10 employee that are not making any money are are working out of their homes or in the start up phase of their business that cannot afford to pay themselves. Statistics can say many thinks. You have not provided any information at all here to establish anything.

    The SAME stats apply to ALL self employed business people in other countries. Obama is NOT responsible for their overtime or wages either.

    >>31 per cent of self-employed Canadians reported working more than 50 hours per week in 2010<

  • Flamingolady 2012/06/18 21:20:49
    Coming from a fraud that actually has had his alleged education paid for by someone else, his only job as a community organizer dubiously elevate him to the position of junior (very junior, at that) senator, and then President, how could he possibly judge what would be good for anyone else? His owners would have a better vantage point of judging this than he possibly could. His only agenda is to turn the US into a socialist country, and I shudder to think about the other agendas he has for us. judge owners vantage judging agenda turn socialist country shudder agendas
  • wicked soda boy 2012/06/18 20:21:43 (edited)
    wicked soda boy
    The only business Obie really knows or cares about is fund-raising, and that business seems to be booming for him, mostly from special interest groups.
  • HarleyCharley 2012/06/18 19:54:32
    that figures...
  • LADY LIBERTY SILLY WORDSMITH 2012/06/18 19:52:34

  • ~ The Rebel ~ 2012/06/18 19:16:06
    ~ The Rebel ~
    It doesn’t help when you don’t know what’s coming down the pike from this administration. The president is skirting the law and autonomously creating his own law out of thin air.


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