Obama's Small Business Promises: Kept and Broken

Government, Politics and the Economy Obama: Small Business Promises Kept and Broken President Obama promised to help Main Street where, but has he kept that promise? Here's a look at where he's followed through -- and where he hasn't. CNNMoney.com Survey Suggests Recession to End This Quarter With recent data suggesting that the recession has bottomed-out, the Blue Chip Economic Indicators survey of private economists showed about 90% of the respondents believe the recession will be declared over this quarter. FoxBusiness.com Management and Operations [Read Full Article]


Healthcare Reform to Top $1 Trillion

  Government, Politics and the Economy Democrats Offer Mixed Signals on Deficit President Obama may have called for legally binding measures to enforce spending restraint, but both his congressional allies and his own actions are threatening to undermine his effort. WSJ.com Healthcare Bill Raises Taxes by $600 Billion House Democrats have drafted healthcare overhaul legislation that includes $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid. According to Ways and Means chairman Charles Rangel, the total cost of healthcare reform will top $1 trillion. Bloomberg.com Management and Operations [Read Full Article]


Online Sales Taxes May be Around the Corner

  Government and Economy Stimulus Sought for Equity Financing With equity investments in new companies drying up, venture capitalists and angel investors are pushing the federal government for financial relief and to open up to them small business programs traditionally reserved for noninvestor-backed businesses. WSJ.com Internet Sales Tax Coming? House and Senate bills expected to surface in the next week could eliminate the "physical presence" requirement in the tax law that has, thus far, kept the various levels of government from levying sales taxes on the Web. BusinessWeek.c... [Read Full Article]


Does Obama Understand Small Business? Most Entrepreneurs Say 'No.'

  Government and Economy Small Business: Obama Just Doesn't Understand Us According to a survey by City Business Journals Network, nearly 60% of small business owners think the Obama administration doesn’t understand small business while better than 40% are less optimistic about the national economy than they were when President Barack Obama took office. Bizjournals.com Venture Capitalists: Don't Treat Us Like Hedge Funds Treasury Secretary Tim Geithner wants to see venture capitalists, hedge funds and private equity firms registered with the SEC and subject to disclosure requireme... [Read Full Article]


The Outlook for Small Business in 2009

  Government and Economy 2009 Small Business Outlook Business Know-How ran a survey last month to find out how business owners think their businesses will do this year compared to last year, how they view the recession, how they are coping with it, and how they think the government should help. Here are the results. BusinessKnowHow.com TARP Panel: Economic Crisis is “Far From Over” Though some economic measures are improving; with billions spent and more on the way, on the... [Read Full Article]


Unemployment Surges, Obama Demands Action

Government and Economy Unemployment Surges to 7.6% As if we needed further proof that the nation's employment is deteriorating at a frightening rate, employers eliminated 598,000 jobs in January and pushed the unemployment rate up to 7.6%, the highest unemployment rate since 1974. Obama Demands Action on the Economy President Obama spoke out against what he described as an "inexcusable and irresponsible" delay of his economic recovery legislation in Congress, especially given the fact that an estimated 3.6 million Americans have lost their jobs since the recession began. [Read Full Article]


How the President can Help Small Business

Government and Economy How the President Should Help Entrepreneurs Entrepreneurs and experts offer their suggestions, which ranged from making health care more affordable and streamlining paperwork to out-of-the-box ideas like giving banks access to the Federal Reserve's discount window based on their increase in lending to small businesses. Kiplinger: Unemployment May Hit 9% Mounting job losses and the troubled auto industry are putting more pressure on Congress to stimulate the economy, but will it work? Kiplinger predicts that 2009 could see 3 million jobs lost and an unemployment rate as high as 9%. [Read Full Article]