COMING SOON, THE RICH AND THE REST OF US

It is virtually impossible to miss the pattern.  Over the past three years, there have been a large number of small and large business owners and CEOs identifying that they are going to stagnate or cut back on employees due to Obamacare and burdening regulations.  The paradigm presented by the Chief Executive of the United States and current administration is distinct and destructive to business.

Obamacare is but one major stumbling block to economic recovery and rebuilding American businesses.  The mandates on the workers and their employers present more disincentives for growth and production than are addressed by keeping them all healthy.  Increased and additional taxes on manufactured components and finished products also hamper the potential for profitability.

Some businesses, so restricted by paperwork and compliance to new and revised EPA, DOL, OSHA, ADA, and other agencies offering duplicated, replicated or conflicting standards, are forced to have products manufactured or assembled in third world countries where those standards are completely forgiven.

Outsourcing American jobs is of little comparison, however, to the increased global environmental impact caused by  the foreign nations offered the work. This is, of course, a direct result of ideological global wealth redistribution to affect a more “level playing field” for all citizens of the world.

We are all aware of the Solyndra example.  That California business received a taxpayer bailout of $535 million before declaring bankruptcy and relieving approximately 1,100 employees of their jobs.  Their sustaining income was lost producing an additional burden on the taxpayers supporting the federal and state governments.  Costs of doing business (read: regulation compliance) in the United States, and California in particular, made the company unable to compete with foreign manufacturers in spite of federal government intervention.  EPA regulations bore the brunt of cause.

Recently, Westgate Resorts founder, David Siegel, stated unabashedly that increased taxes on “the rich” will force the scale back of his resort empire if President Obama is re-elected.  This would mean the loss of jobs for some of the workers, revenue for cities, counties and states in which his businesses reside. Westgate Resorts will lose some, if not many, of the 7,000 hospitality workers.  Some 5,000 employees have lost their jobs with Westgate since 2007

Those areas of the nation affected include Orlando, Florida; Miami, Florida; Gatlinburg, Tennessee; Myrtle Beach, South Carolina; Tunica Mississippi; Williamsburg, Virginia; Branson, Missouri; Park City, Utah; Las Vegas, Nevada and Mesa, Arizona.

Steve Wynn stated, “I’m afraid of the president. I have no idea what goofy idea, what crazy, anti-business program this administration will come up. I have no idea. And I have to tell you Jon that every business guy I know in the country is frightened of Barack Obama and the way he thinks.  I’ve created about 250,000 direct and indirect jobs according to the state of Nevada’s measurement. If the number is 250,000, that’s exactly 250,000 more than this president, who I’ll be damned if I want to have him lecture me about small business and jobs. I’m a job creator. Guys like me are job creators and we don’t like having a bulls-eye painted on our back.

Wynn continued, “The president is trying to put himself between me and my employees. By class warfare, by deprecating and calling a group that makes money ‘billionaires and millionaires who don’t pay their share.’ I can’t stand the idea of being demagogued, that is put down by a president who has never created any jobs and who doesn’t even understand how the economy works.”

Once supporting families, Mom and Pop businesses close daily due to lack of business.  The lack of business ties directly to a dearth of discretionary money caused by a high unemployment rate.

President Reagan once touted and successfully promoted trickle down wealth that benefited businesses, individuals and the government.  This administration seems bent on encouraging trickle up poverty.  Continuing on the current ideological path will not help individual or global prosperity.  It can only offer a two class society; the powerful (the rich) and the dominated (the rest of us).

Vote wisely!

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