What Ails Small Businesses - Stephen Spruiell - The Corner on National Review Online
Great e-mail from a reader:
Thanks for that post. You hit the nail on the head. As the owner of a 16 year old wholesale computer parts company with about 50 total employees here and in England, I can tell you it’s not about easy loans and tax credits for hiring.
As you say, it is risk aversion. It is the knowledge that my taxes are going to go up and also we just don’t see other businesses willing to take inventory positions right now.
$5000 tax credit to hire someone? That really sounds like a proposal from someone who has never hired a single person in the private sector.
Small business will start to hire when one big thing happens.
Sales Growth. End of story.
It is amazing to me that they don’t get that if they did one thing, cut the corporate tax rate, business growth would happen almost immediately.
This e-mail reminded me of a line from a piece my colleague Kevin Williamson wrote for NR a couple of issues ago (I know you hear this all the time around here, but really, it's been a excellent year for content; at 24 issues for less than a buck per, the NRD subscription is a great value): "The good news is that, when it comes to reshaping the U.S. mortgage market [any market for that matter — ed.], the Obama administration’s top guns are bringing to bear all of the brisk, rough-’n’-ready entrepreneurial know-how they picked up in their previous careers as university professors, nonprofit activists, and holders of political sinecures." Or as John B. Judis would say, thank goodness the experts are in charge!
http://corner.nationalreview.com/post/?q=NjA5MDJkZTBjMjVkOTMxZTA3MWYzOTBkNmFkOWVkMjk=
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