A Brilliant Mind for Business

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February 10, 2010 | Comments

UPDATE/CORRECTION:  In regard to my post earlier today, it’s been brought to my attention that yesterday the President said not that the goal of small business owners is to take loans out to “meet” their payrolls, but rather to “boost” their payrolls. Sorry about that, but this frankly doesn’t change the gist of my thoughts (or my son’s) on the subject. In fact, I think it makes it worse. This President’s idea of “creating jobs” thus consists of his notion that all a business needs to do is borrow money and “create” a job. Mission accomplished. Of course the rest of us know this is not how it works in the real world. It is, however, how it works in the welfare/socialist/non-capitalist world. –Betsy

February 10, 2010 | Comments

It’s no secret that we have a President who has never held what we might call a “real” job. He has never worked the counter at McDonalds or 7-11. He has never swung a hammer on a construction site, waited tables at Chili’s, or assisted customers at a sporting goods store. Sure, he has organized communities (not entirely clear on what that means, but I have a good idea) and given lectures to students and to the American people. But I see no evidence here of any experience that might lead to an understanding of economics, budgeting, shelf stocking, investing, or even operating a cash register and making change.

Yesterday, the President’s lack of business experience was displayed front and center when he thrilled the Washington press corps with a surprise press briefing (something for which the corps has been clamoring since July).

Now, as we know, this Pres doesn’t work off teleprompter with impromptu questions, a weakness he attempts to mask with an arrogant smirk and condescending tone of voice that utters repeatedly such phrases as “move forward,” and “look…” But yesterday, some concrete questions came up that required a little more meat, a little more substance. ABC’s Jake Tapper, for one, dared to ask the President if he is concerned that small business owners are hesitant to hire because they fear such economically crushing policies as cap and trade and health care in the future.

The President predictably responded that no, small business owners don’t have that fear (a surprise, I’m sure, to the small business owners I know, that we all know, who are indeed worried that future policies from this administration’s agenda would destroy them financially). Then he continued, and here is where the business “brilliance” kicked in. In a nutshell, according to the President of the United States, the true worry among small business owners is their inability to get credit so they can take out loans to meet their payrolls.

Again, according to the President of the United States, all small businesses need and want to do is take out loans so they can pay their employees.

And that will lead to more jobs and hiring, Mr. President? Really? Have you ever actually held a job in a place of business, small or otherwise? Have you ever managed a payroll or even glanced at a business budget? Never mind, we already know the answer to that one.

I had just picked my teenage son up from school when we heard the President utter these words on the radio. “What!” shouted my son. “Did he really just say that?”

Yes, he did.

“You don’t take out a loan to make payroll!” my son continued ranting. “Anyone knows that! If you can’t make payroll, you can’t pay back a loan. If you can’t pay your people, you have to lay them off. And you know where I learned that? From “The Office!”

So there you have it, Mr. President. According to the teenager in my car, and I’m sure from teenagers working fast-food counters and helping customers at malls everywhere, maybe you need to watch some episodes of “The Office” and get some business training from Dunder Mifflin’s own Michael Scott.

If nothing else, I was left smiling, knowing that at least my son is on the right track. Let’s just hope we still have a country left where he, and all our children, can someday practice their own brand of business brilliance (and common sense).

Betsy Siino | Comments