Small Business With Obamacare

I have been going door-to-door in the local business community, over a few weeks I have talked with 100s of business owners - more like 500-600 and one common reoccurring complaint I hear is that the small businesses will not be hiring anyone due to ObamaCare. Whether their fears are exaggerated or not, doesn't matter as they have made up their minds already. If 10% of our population owns a small business and the smaller of those won't hire anyone, we have a huge problem. You see 75% of our population is employed by small companies - not large corporations or government agencies. Okay so, let's talk.

Interestingly enough, as I was preparing this article I read a piece on MSNBC Money news titled; "Is Obamacare a 'bullet to the temple'? Bernie Marcus, who co-founded Home Depot in 1979, says the massive health care insurance overhaul will kill off small business," published on April 12, 2013 and written by Aimee Picchi. Well, is Bernie right or is he over playing the political rhetoric you ask? Well, I am telling you after talking to over 500 small businesses in our area, out here in a California suburb trying to be a big city, that this is the same thing owners are telling me - so, I'd say Bernie is spot on here.

In fact, just today I talked with a 75-year-old business owner of a print shop. He was retiring, and letting his son take over the business. He said he just could not handle the pace of the work anymore, and he had plenty of business. He was busy teaching everything to his son, and going to let his son take over the company, and give him a small stipend payment each month to help with his retirement. He told me that when his son does finally take over the business that he won't be hiring anyone, not in the era of ObamaCare.

Indeed, I was a little bit taken aback, it's not that I don't understand his plight, I totally see where he is coming from, but the father was quite busy, he had more business than he could do, he really needed someone to help them with deliveries, and help them with all the printing. He was working from zero dark 30 in the morning until well after eight or nine o'clock at night. He really needed a few people in there to help him, and he'd be glad to hire a few employees, but not with all the new rules and regulations, and increased costs.

He said if he did, he wouldn't make any money, and with more employees just means more liability, more payments to more government agencies, and a greater liability of risk of lawsuits. This is something that the Obama administration just doesn't understand. It's not just ObamaCare, it's everything else as well, and this is just the icing on the cake. If we think that small businesses are going to hire more people with these increased costs for healthcare mandatory coverages we are kidding ourselves. Indeed I hope you will please consider all this and think on it.