ECONOMY IS GOING INTO THE CRAPPER-RESCUE PLANS ARE NONSENSE DEVISED BY ECONOMIC ILLITERATES-I AM GETTING OUT WHILE I STILL CAN!

As a small business owner over the last 30 years, I have seen it all, but I have never experienced the sheer economic illiteracy as is being exhibited right now, and as best as I can tell into the next 3 years of the present administration.

In the middle of one of the worst economic slow-downs, the economic illiterates, and their initials are Barney F., Nancy P., Harry R., Chuck S., Joseph B.,....and on and on, are learning nothing, and are charging forward with policies that will surely destroy all entrepreneurial enterprises and new business development.

I previously thought of keeping the business and handing it to my children to operate, but the struggle that it has been in the last year, the "kids" do not want the struggle.

My company has had to deal with an OSHA matter requiring us to put in unnecessary handicap access ramps and a variety of needless "changes" and "safety updates" to our building. This $79,000 cost was financed by borrowing against our credit line.

Then one of the employees was diagnosed with cancer, and the policy for the business was increased by $300,000 annually!

The local county increased the tax on our building to $84,000 from $59,000, and added reporting burdens on a variety of issues that are meaningless.

Our customers are paying their bills slower so we had to borrow against our credit line to meet our payroll and now we are at the limit of our credit line.

I will not be able to borrow more, since there is no more collateral to provide to the bank.

With the looming threat of added costs for compliance, for health care and government mandates on the horizon, there is no point for me to personally expose myself financially to continue the business above its present lines of credit.

Therefore, at the end of this year, I am planning an auction sale of the business assets and property since there is no buyer that can get financing.

Washington is killing business, and is not listening to the people who actually run businesses, like me.

I am lucky, I am getting out while I still can.