Small Business BlogThe Bottom Line - Charles Cooper's insights about today's news

politics

The Holy Trinity of Economic Ruin: High Taxes, High Energy, High Labor

Tomorrow Americans go to the polls and by their vote, we will see if we will be going the way of Socialist Europe. Obama has promised us high energy bills, high labor costs and high taxes in the name of fairness. Is that what we really want? We find out tomorrow.

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politics

Getting Ready for the New New Deal

The Roosevelt New Deal was an answer to the same kind of financial crisis that we are facing today. It resulted in massive government intervention in the economy, confiscatory taxation and is generally acknowledged to be the reason the crisis lasted as long as it did. Now we are in a crisis with eerie echoes of the great depression and we have the choice of two presidential candidates: one that promises government austerity and one that promises massive spending.

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politics

Your 401k Plan May Not Be Yours Much Longer

The 401k plan is the cornerstone of many a retirement strategy here in the US, the reason being that the tax benefits for both employer and employee are great. However, if certain democratic congressmen have their way, that could all change next year, begging the question: Who's money is it, really?

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politics

The Necessity of an Impartial Press

What does it mean when a presidential campaign responds to hard, probing questions by cutting off the news organization that asked them? Can you trust candidates that do that? What are they hiding?

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economy

What Would a Real Stimulus Package Look Like?

The Congress is proposing yet another economic stimulus package. Did the first one work? What did we get for all the bother and cost of it? Unemployment is on the rise, there is a recession and we are lurching toward socialist economics. It doesn't look like the meager "stimulus" worked well the first time, does it? Maybe, instead of handouts, doing something that would really stimulate the economy would be a good idea. What do you think?

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politics

This is What We Have Come to: Parsing the Word “Socialist.”

Some folks look for code words when they need to be looking at what candidates say. Are people calling Barack Obama a socialist because he is black--that's what the code word crowd is saying--or because when he speaks he sounds like a socialist?

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financing

SBA Asks Lenders to Offer Loan Deferment Relief

The SBA is now working with its lenders to provide some relief for small businesses hit hard by the current economic climate, but is it enough? You be the judge.

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taxes

Who Really Pays When You Soak the Rich?

Is taxation a social issue or a financial issue? Have you been taken in by the class warfare rhetoric that has surrounded the issue this election cycle? If so, hopefully this will straighten things out for you. Soaking the rich, as they like to say, will get the rest of us just as wet. Count on it!

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politics

Public Officials and Corruption—The Chinese Way

When it comes to corrupt public officials, we don't take care of business the way they do in the Far East. Now that we are spending over a trillion dollars because some folks in the Government cared more about buying votes than doing what's right, don't you think we need to take a good, hard look at politicians that do us wrong?

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management

Strong Communication Skills and Some Wise Words

It is always hard to terminate an employee, but there are just some things you shouldn't do and one of them is announce the firings on the company blog. We've got some tips to help you avoid an a difficult termination. Also, as an added bonus, some financial advice from the Roman Empire that still rings true today.

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politics

Small Business Takes Center Stage: Enter Joe the Plumber

Every now and again, an individual appears that personifies an important campaign issue. Twenty years ago, that man's name was Willie. Today, his name is Joe. He is a plumber, and he wants to buy the small business he works for. His encounter with Senator Barack Obama last Sunday opened a window into what we can expect from an Obama presidency regarding taxes, and what Joe saw through that window has left him "infuriated."

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politics

Domestic Energy Production Fight Continues

October First of this year was hailed as Energy Independence Day. The seminal event was the Congress allowing the various drilling bans to lapse. So the bans dropped away and now we can “drill, baby, drill” and become energy independent and an economic powerhouse once more, right? Not if the Radical Environmentalists and their lawyers have anything to say about it.

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politics

Business.gov: Your Tax Dollars at Work

The Small Business Administration in partnership with twenty one federal agencies has developed a website that will offer more regulatory help to small business than ever was available before.

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politics

Spread the Wealth Around

Spread the wealth. It's a nice sentiment but it doesn't have a good reputation in capitalist societies where making money and building a business to support yourself and your family are good things. Folks on the other side of the ideological coin, however, like that idea a lot. Guess who else likes it.

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politics

China to Save Capitalism? They're kidding, aren't they?

Leaving off the bits about human rights, tainted baby formula, lead paint on kid's toys and the undeniable link with that all American bugaboo, Wal-Mart, when it comes to supporting business and industry, the Chinese seem to have seen the light, and maybe we should be taking a good look at what they are doing.

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