Giving Bam the business
Iowa man: Axing Bush cuts a job killer
By CHARLES HURT, Bureau Chief
WASHINGTON -- Trying to sell his economic record in Iowa yesterday, President Obama got an earful from a successful businessman who pleaded with him not to raise taxes.
"One of the things that concerns me is the repeal of the Bush tax cuts," said David Greenspon, referring to Democratic plans to raise taxes on individuals earning more than $200,000 a year and on families and certain businesses earning more than $250,000.
"The repeal -- I don't care if it is 5 percent -- that's 5 percent that would create a job," he told Obama during a meeting with about 70 people in a couple's back yard in Des Moines.
"Five percent on millions of dollars of profit creates many jobs . . . As the government gets more and more involved in business and more and more involved in taxes, what you're finding is you're strangling those job-creation vehicles."
Before Greenspon could complete his question, his microphone was cut off and taken out of his hand.
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This President, like most progressives, has no clue about what it takes to run a business, make payroll, turn a profit, etc. He's frustrated with business owners like this because he can't relate to the situation that millions of others just like him are now in. Less than 10% of his administration and advisers have any private sector experience. So they, like he, are just as flummoxed when they hear criticism of their economic plan, because to them it works on paper. It reminds me of the Rodney Dangerfield movie "Back To School" when his professor is telling the class how to come up with a business plan. Rodneys' character, who has real world experience, proceeds to point out where the professor, whose only 'experience' is in the halls of academe, is wrong. The Professor chastises Dangerfield's character, telling him essentially that that isn't what the textbooks say. The Professor then turns back to the classroom, asking "What shall we call our business", at which point Dangerfield says, "How 'bout Fantasyland!" The analogy is that the President and his advisers, most of whom have now left the administration, are essentially the professor. They've spent years in the halls and staff rooms of Ivy League schools talking about how business works, but never actually running one. Yet, when an actual businessman tells them how it works in the real world, they don't like it, and choose instead to attack the messenger, or cut the power to his microphone, like a child sticking fingers in the ears and going "la, la, la, la. Can't hear you!"