Does Obama make the future brighter for your business and the world?

Now that the new president elect is making himself comfortable in the White House, we would like to know how small business owners feel about the future under his leadership?

Will your business flourish under him or get hurt by new taxes? Will he end up making a positive impact on the nation and the world?

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Permalink Reply by Lori Denny on November 17, 2008 at 11:58am: As a small business owner, I feel that we will be able to have access to opportunities under the Obama adminstration that were not available under the Bush administrations. I think the claims of higher taxes were threats thrown out there by opponents to Obama and are baseless. It will take time to see how Obama's planned policies work through, but the basis of his goals and objectives are meant to assist America's small businesses, which are the backbone of our economy. I believe he will end up making a positive impact on the nation and the world.

Lori Denny
http://www.sta.rtup.biz/profile/LoriDenny; ▶ Reply to This

Permalink Reply by Charlie Profit on November 23, 2008 at 4:30pm: How do you figure that Obama's plans are meant to help small businesses?; ▶ Reply to This

Permalink Reply by Jeff on November 17, 2008 at 12:07pm: There is absolutely no way to know. We have no reason to believe anything he campaigned on will be enacted. What we do know is that he is likely to be given more slack by the global media and Congress in his first year than any new President in modern history. I say this without sarcasm, and I believe it is a good thing, a huge opportunity for him and the country. He's going to be President, let's give him a chance to prove himself. If he has managed not to drink his own Kool-Aid, those who didn't vote for him may be pleasantly surprised.; ▶ Reply to This

Permalink Reply by Daniel Hogan on November 17, 2008 at 12:09pm: I believe being double taxes as a corporation and individual will hurt me but there is nothing I can do but lay people off.; ▶ Reply to This

Permalink Reply by Jose Damaso Ramon on November 17, 2008 at 12:19pm: We have to welcome the new experience of having a President who is confronting great challenges with a different mindset to the one we were used during the past 8 years.
The confidence of having a large popular support is spreading to the population in general and that is good for business.
The rescue package for the Auto industry is a step in the right direction and let a lot of people to think creative and eliminate the frustration and skepticism created by the collapse of the banking and investment corporations.
That confidence is good for anybodies business.
I just Tweeted a comment about accountants, poor minded and casino minded people who are terrible advisers for anybodies business.
Jose Damaso Ramon
http://www.josedwwwebsite.com
Jose Damaso Ramon; ▶ Reply to This

Permalink Reply by Neal Varrette on November 17, 2008 at 12:23pm: It is not just about Him making a postive inpact, we must get behine him and help make that postive inpact on business and our nation also. And to the person talking about taxes, what postive inpact have U made ?. We are good at talking about a problem, now let's see about solving the problem.

Have a nice day.; ▶ Reply to This

Permalink Reply by Bill Wright on November 17, 2008 at 12:39pm: Wandering down through the answers thus far, we seem to have every nuance from Obama The Savior to Obama the Anti-Christ. Gotta love free and open expression...

Don't know that I have a strong conviction one way or 'tother. Or maybe I sorta give it a Teveyev "on the one hand, on the other hand analysis."

If a business is, directly, a consumer driven business and the Obama/Congress policies help drive the short-term economy to higher consumption then those companies will do nicely. If not, poof. If the company is a more a capital goods or intermediate goods producer and the policies do not favor capital formation...poof.

I would LOVE to see a plan to pull 50% to 75% of the US companies OUT OF PUBLIC ownership or in some way insulate the company from "owners" who demand month to month and quarter to quarter profitability. The ability of companies to invest in long term payout projects and research has been destroyed by the folks who demand nano-second results...institutional investors...CALPERS is one that comes to mind...

Don't know if private companies are more or less effective at long term profitabilty based on long term application of research and development. And maybe they are not. I would suspect, though, they take a better shot at it...

Bill; ▶ Reply to This

Permalink Reply by Jeff on November 18, 2008 at 1:25pm: You bring up a good point, Bill. Short-term thinking (ie., quarter-to-quarter reporting) is a big part of the problem -- and it is a function of regulatory requirements, not private enterprise. Suppose companies were required only to report semi-annually or even annually...might investors -- and, in turn, the companies they invest in -- not start taking a longer view of the world?; ▶ Reply to This

Permalink Reply by Bob Goggins on November 17, 2008 at 12:49pm: I think he can only help, with the republicans only wanting to save the executives of Banks and letting the Detriot 3 go under. I sell Real Estate for living and I have a friend that owns a car dealership we both decide that paying taxes are not a bad thing. We both are having a year where we will pay very little in taxes, That has nothing to do with anything other then you make no money you pay no taxes. Taxes mean income, income = sales and sales = equal jobs in America not jobs in the republican's favorite overseas country. It would not surprise me that if President Bush does not push for relief for the Big oil because price has dropped to below $60 a barrel. Give me Higher Taxes because the only way I will have to pay them if I am making more then $250,000 year. Which to President Bush and the rest of the republicans PAC friends is maybe a Months wages.; ▶ Reply to This

Permalink Reply by Kelly & Brooke Sullivan on November 17, 2008 at 1:14pm: Any time you take more power/money from the people and put it in the hands of government to "spread the wealth around" or for any reasoning that's a very bad and dangerous thing. Our great country was founded on the exact opposite principles and our constitution was written very carefully and intentionally to protect our INDIVIDUAL liberties and rights. Check both the existing and upcoming presidential policies against our wise Founding Fathers' views and you'll find your answer as to what's good for our country as well as our businesses.

Those who will give up liberties in the name of security deserve neither and will end up losing both. Samuel Adams

It is up to us to determine how we will "set the sail" as Jim Rohn says and prosper in our businesses, but let us not forget that freedom isn't free and we must be diligent in protecting and demanding our personal liberties and freedoms from all public servants and at all times.; ▶ Reply to This

Permalink Reply by Karen Leep on November 17, 2008 at 7:17pm: I thought this was a free country? If Chuck wants to spend his $4000 per week, because this country is free, he can. Why does that make him greedy? How much do you spend per week? Do you honestly want the government to decide how much is too much for you to be able to spend per week? It seems like there are a whole bunch of self righteous individuals criticizing a person because, in their opinion he is making too much money, and not giving enough away. How do you know what he's doing with his money?
We are in a very dangerous position when we decide for someone else how much they should make, and if it is above a certain amount it should be taken away from them.; ▶ Reply to This

Permalink Reply by Helene on November 17, 2008 at 1:19pm: Our latest recession shows that trickle down economics do not work. If those people making less thant 250,000 in annual income see a tax cut, they will have more money to spend which will benefit businesses large and small. Look what is happening to the auto makers.

Also, the unjust war in Iraq and the outsourcing of our manufacturing jobs has done great damage to our economy as well as our standing in the world. I am looking forward to the charting of a new course with Obama and the Democrats.

Check out this blog post: http://healthplansplus.blogspot.com/2007/11/shame-of-american-healt.... It's sad that this is happening in America with our deplorable health care system which leaves so many Americans uninsured and underinsured. Also check out my website at: www.healthplansplus.net.

Helene; ▶ Reply to This