Friday, February 13, 2009

What about this bailout for your business?

Although I believe the $800 Billion "reinvestment" plan is pure nonsense, it appears to be ready to be passed and send to President Obama. So how many jobs will it create for your family owned or small business. Probably none unless you are in the business of handling federal contracts relative to buildings, roads, bridges and schools. Even then, don't hold your breath.

There are some tax incentives that you might take advantage of once we know for sure what they are. We should know today and certainly by next week. This bill has gone through so fast that it really has not received the scrutiny that is normally allowed a bill of this magnitude and its far reaching nature. It should have gone through far more scrutiny than it did and I am praying that the lack of oversight does not once again bite in the backside.

If you are unemployed or an illegal alien, this bill really helps you. Also, if your business is raising and analyzing East Ethiopian Pygmy Mice. Also, there is several million dollars in there for determining if, in fact, Pancakes are fattening! Not really, but maybe it should. Another thing that would help is if you are already on the government dole. Then you will be able to retain your job at current pay or more whether you are performing a needed function or not.

Lastly, if you grip and complain and moan and groan about how bad things are, you should do just fine. If you are a hard working, self motivated, unselfish, great American worker, you will get nothing. Did you see the President in Peoria, Illinois yesterday. What a joke.

I live in a State that does not need any help. We have "rainy day" funds set up to get us through. Our Governor, a Democrat, did come up with some make work jobs and there is no doubt that we need help with bridges and overpasses as well as road maintenance. If he gets the money to do the "make work" projects he has outlined to our Senators, maybe it will help put some people out of work back to work. We will have to see.

What do you think?

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