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SBA 504 Expert’s Take on President Obama’s Latest Small Business Initiatives
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I’ll be the first to admit that President Obama gives a great speech. It’s amazing how he somehow manages to juggle competing ideas without really landing on either side. Last week, he announced a troop surge in Afghanistan, but also promised not to stay too long. This week it’s job creation, and how we need to spend to get it, but not too much – – we NOW need to show restraint. He’s talking ABOUT the important issues, but it looks as though it will just remain talk for the time being. I’d like him to use his obvious oratory skills to get others to take ACTION NOW.

Most of the points in my blog post last week still hold true, and the ideas I’ve proposed still need to be enacted. The Obama Administration may have caught wind of them, though, since they did mention a capital gains tax relief for investments in small businesses (though only for a year), but it probably just dawned on them as a commonsensical solution. The other ideas the President put forth aren’t all that impressive. The tax credits will accomplish next to nothing (as I’ve already explained); the infrastructure spending (as much as it may be needed) is only a temporary “band-aid” fix that does nothing for long-term job creation; and continuing to aid the unemployed without requiring them to be accountable for new job training or job searching is ridiculous . . . it’s just buying their vote without making them “earn” their benefits.

Again, my primary beef with ALL of this is this: it’s just TALK. Doing anything to actually fix the economy and help small businesses will require the ACTION of Congress, and they’re already taking the position that they “don’t have time” to devote to these actions. Right now, they have their hands full with health care and proposing legislation for a collegiate football playoff (no matter how much it may make sense, NOW is NOT the time to be drafting that sort of legislation). And no, I’m not kidding about that last thing – – go Google it and you’ll see.

No one in Washington is taking this Crisis as seriously as they ought to be (the Crisis being the destruction of many of America’s small businesses and with them, their job engines . . . all wrought by the Great Recession). The President is talking about helping small businesses about 10 months too late, and Congress is “too busy” to be bothered with it. It’ll be interesting to see how the 27 million small business people in America feel about Congress’ priorities come November 2010. Maybe they’ll all be “too busy” to read the record of their incumbent, and just vote for “anybody but.”

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24 Comments

  1. CAPTAIN CRUNCH says:

    OFCURSE YOU ARE GOING TO MAKE EVERY CASE AGAINST OBAMA!! YOU ARE WITH FOX NEWS!!

  2. Donald Wenzel Jr says:

    All Obama can do is read a teleprompter well. Without that he is lost.

  3. Chris Hurn says:

    Captain Crunch —

    Nice name, by the way. Almost didn’t respond because of the name… not sure how serious to take you, but I thought I would by also pointing to the fact that I’ve been in the New York Times, as well this year. How do you square that with your obvious bias against FOX Business News? Whatever media is willing to give me a stage for my solutions to the problems facing America’s small businesses is fine (and welcome) by me.

  4. Paul says:

    Captain out to lunch,

    Your inability to point out anything wrong with the post and dismissing it for the bizarre reason you give is astonishing.
    It serves as a reminder of why we are now saddled with the most destructive administration in my lifetime.

  5. Michelle Miller says:

    Chris,
    I agree with you and look forward to your blogs. I often post on my FB page.

    Since you read and sometimes respond, would you reccomend someone jumping with their life savings right now on a lifelong dream or advise them to hold off on the outcome of legislation?

    Thanks
    Michelle

  6. docktor ruth says:

    I AM GLAD THAT OBAMA IS FINALLY ADDRESSING THE PROBLEM THAT WE’VE HAD FOR A LONG TIME. I HOPE THAT THOSE INVESTMENT COMPANIES LIKE YOURS THAT ARE LEFT CONTINUE TO INVEST IN AMERICA. IT SEEMS AS THOUGH EVERYONE IN CHINA. KOREA, CHINA AND JAPAN ARE WORKING IN SOME FORM OR ANOTHER. I WOULD LIKE TO SEE AMERICA DO THE SAME. SO WE NEED COMPANIES LIKE YOURS TO GET OUT AND FIND ORGANIZATIONS LIKE MINE “PROMISES” GET OFF TO A GOOD START AND FIND THE INVESTORS WHO CAN HELP TO CREATE THOSE JOBS AND THE RESOURCES TO KEEP THEM GOING

  7. O Nikos says:

    I completely agree with you Chris.

    By the way it’s actually scary for a big advocate of a college playoff system like myself, that after Congress and the President get involved to mandate it, I might have to actually start supporting the rights of colleges and universities to choose a BCS system, no matter how wrong their choice is? Now that’s a scary thought.

  8. Rudy says:

    I agree with the possiblies of voting out all the incumbuments till they understand this is a government for the people by the people, not the guys with the big bucks.

  9. Chris Hurn says:

    Michelle – Depends what the opportunity is. In general, what you can do today should not be put off to tomorrow.

  10. Shareef says:

    Chris, the word for the day is Patience. The President and his administration will walk on water soon enough, but its going to take time and patience. Our country needs a sugar boost to stay awake, but at the same time not lose sight of the major problems ahead of us, the deficit, economy, security and growth.

    For now we need to spend some money to sustain our economy,while we make it through this tsunami. If that means give a temporary capital gains tax break to relieve our small businesses (who still can’t get a loan from your brotherns) some pressure and create job opportunity etc. so be it.

    For the future get health care under control because it has no spending limits. Pay for a war that was never accounted for by the previous administration, and police those who ran amok on this countries finances in the first place.
    Getting insurance to those who needs it is paramount to the health of our country. If your employees get sick miss work how does that effect your business? Tremendously, because a small business needs all hands on deck at all times.
    Jobs are essential, but lets be clear the world is trimming off the fat of their bottomline. I have done it and so has everyone else. If employees aren’t vital to our company life support we have to let them go. We can’t afford to carry dead weight. President knows that a person has to be of importance to the company. He has a major push on the people to go back to school and get their post-education. And for laborers to specialize in a trade. Make ourselves an asset for tomorrow.

    There you go again looking at the glass half empty.

    I haven’t heard you mention anything about bringing those who put us in this financial crisis to justice or was that supposed to be swapped under the rug with the rest of the foul you tea baggers forget.

    If you want to go back to 5.00 per gallon gas prices be my guess. If you want to go back to financial obsolescence that’s fine. Neglect for humanity. If you want to have every small to mid-size country our enemies because of arrogance of Cheney and his administration go for it. Instead of fighting in two wars try fighting 5 or 6 wars. You forget that N. Korea were testing our will when they were making nuclear booms. You have heard much about them lately. Its call diplomatic diplomacy. I’m aware of his position w/ Afghanistan he wants to get out within 18 months, which isn’t enough time, but 18 days, 18 months, or 18 years wouldn’t be enough time. At least he gave us a timeline. Which means we either catch Bin Ladin or get our military out. This is the same bin ladins family who had financed the Bush family for decades, correct. Where was your crusade on WOMD in Iraq, when there wasn’t any weapons. Let’s be painfully honest. We were in Iraq to get revenge for President Sr., oil, and Halliburton made a financial killing. We are in Afghanistan because of the drug ring that’s so lucrative if one can control it. We tried failed. Russian tried failed thanks to us, and now we are trying again. And we will fail, but we wont fail for long.

    Patience Chris Patience.

  11. LeRoy Foxx says:

    He also never mentioned how long we have already been in Afgan, if I recall we started there and have never left….amazing how people forget.

  12. Walter says:

    YAH, BUSH , GREENSPAN AND CHENEY HAS OUR MONEY, REMEMBER THOSE REPUGNANTCOONS?

  13. Barbara Chakales says:

    Chris, then why don’t you ask those “others” i.e., your Republican friends in Congress, to stop fighting every initiative he proposes.

  14. Ivo says:

    I did note voted for him. Since his introduction into the political process, I said to my wife:

    Look. This guy born to be a good salesman and the evenings he also could be a good preacher.

  15. James says:

    So how is his talk any different from previous President’s talk? BUSH blew hot air and we found out he lied, Clinton blew hot air and just nothing but talk, BUSH Senior did nothing but talk. What do you think a Politician does? The difference with OBAMA is that the is real. He is himself and he is not taking sides because he does not shoot from the hip like BUSH did. You don’t talk unless you know what you are talking about. BUSH knew nothing but you believed him because he appeared to take a stand. But what you don’t know if what his motive was behind his stance. And if was not for the people. It was for his own financial protection and gain.

  16. Braudis Lee Pegram says:

    Chris, like me and many others, you’ve put a lot of faith in the “voting system”. This, like many other things before our eyes, is an illusion. A Grand Illusion. If we trace the “inner workings” of this system from the 1900s, we will begin to find that both sides collaberate to the point that it doesn’t matter who we put in office. They’re all from the same family. Like Pepsi and 7-Up, they only appear to be different.

    And guys, we emote over Chris’ Fox News exposure while our personal entertainment choices acts as emollient to our minds. Nothing but distraction. Let’s stop it. Let’s be aware and support any and all efforts that will change the course we’re on. Let’s focus with a goal towards enlightenemnt. Let’s not be the builders of the Tower of Babel.

  17. Samuel Ajayi says:

    I GUESS NOBODY HAVE TAUGHT YOU OR YOUR MARKETING CREW THAT IT IS BAD BUSINESS TO TALK TRASH ABOUT YOUR LEADER. HOW CAN YOU LEAD ANYONE IF YOU HAVE NOT LEARNED HOW NOT TO BADMOUTH YOUR LEADERS?

    WHAT HAVE YOU DONE TO REALLY HELP THE SUFFERING MASSES? MY ADVICE TO YOU AND YOUR TEAM IS TO LEARN HOW TO MARKET POSITIVELY. YOU WILL NEVER TRULY SUCCEED BY HURTING OTHERS.

    DO NOT REPLY. YOU HAVE BEEN SPAMMED OUT OF MY E-MAIL.

  18. Chris Hurn says:

    Samuel –

    I clearly haven’t “talked trash” about our leaders in this post. I think you’re being just a bit over-sensitive. Am I somewhat critical? Sure. Have I made positive suggestions for them to take up? Countless times – go back in read many months’ worth. I can and do lead others, but I agree it isn’t wise to “badmouth our leaders.” And I hardly think I’ve done that. The more in the public eye you are, the more you expose yourself to criticism. Unlike many, I offer constructive criticism – always have. To suggest we haven’t “market[ed] positively” is woefully inaccurate on your part. Perhaps you should pay better attention to what we have put out. I’m quite glad you’ve opted-out of our information . . . there’s nothing I dislike more than to waste my time on those completely “out to lunch.” Good luck, Samuel. I’m afraid you’ll need it.

  19. Carmen says:

    Chris, you’re doing an EXCELLENT job and don’t get distracted by the ones that have no common sense. You are an incredible business man and educator, as well. You educate the masses of how to be smarter financially, how to be self-sufficient, and how to continue this country’s notion of the “Entrepreneurial Spirit. You also represent the small businesses and their interest to succeed in front of our inexperienced clowns in Washington DC. You are a TRUE American that deserves one of the highest respect in our country. If we had more people like you, we wouldn’t be where we are today. May God bless you and keep you protected always!

  20. Carmen says:

    One more issue, Chris! I immigrated to the U.S. because I always believed in owning my own business and the U.S. was known for its entrepreneurial opportunities. Just think about it (I am convinced that you already know this) the more business owners we have in our country, the less government dependence we have. I say that because to be in business an individual has to be the best that he can be, he uses all his talents and efforts to succeed. Also, a business owner tends to be overall a more responsible and accountable individual. But the disoriented rabbits from DC – that jump from one bill to another faster than the speed of light – don’t seem to care about the small business owner. They would rather get the people to be slaves to the government. Keep them uneducated, give them eloquent speeches that mean nothing, tell them what they want to hear – without acting on it – and get more votes. That’s our government’s political agenda. I am concerned with the future of a Totalitarian/Police State. I have experience with that. The symptoms are clear to me and those that have lived in such a state.

  21. Chris Hurn says:

    Thank you, Carmen, for the kind words. I do what I can, as often as I can.

  22. Fred says:

    I guess I’ll weigh in here. Chris, you always make sense to me. The liberal responders seem to resort to what they do best: when the message is not to their liking, they shoot the messenger.

    The remarkable thing about the current president and congress to me is that don’t seem to care what their constituents think. They are going to remain in their narcissistic poses and continue to take control of health care, control of the auto industry, control of banking, whatever they decide to grab.

    If we want this country to survive, we need to vote them all out and elect some people with common sense and a respect for the Constitution.

  23. W3 Business Advisors says:

    Hopefully the Obama administration truly has a strategic plan in place to get small businesses the money they need to grow.

  24. Mike B. says:

    Chris,
    What are the chances of getting a loan to purchase a restaurant in todays economy? I talked to a Bank and was told no way.
    My partner and I have a combined 20 years of Managment experience combined. We have a unigue concept, and have built our labor model and price points around todays economy. We are so situated where we dont have to pull money from the business until it is a success. Any feedback would be appreciated. Thanks

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