John Ransom

Today is Small Business Saturday, a new holiday supported by little firms such as American Express, Google, Verizon, Dun and Bradstreet, Occupy Wall Street and –[gush, breathless] Barack Hussein Obama! 

Just by the sponsors alone you can tell this is a program designed to create millions of small business jobs in places like India, China, Thailand and Mexico.

Remember, there’s no U-S-A in small business. Ok, maybe there are the letters U-S-A in small business, but why let the facts get in the way of another of Obama's Potemkin jobs moments.       

In the Orwellian world of Obama-speak, Small Business Saturday is a day when we should “reaffirm our support for America’s small business owners and their staff, and …celebrate the proud tradition of entrepreneurship they represent.”

Reaffirm and Celebrate. Gotcha. Words that will make the eyes of any small business owner red with gratitude when Obama sends them their very own personal Small Business Saturday greeting card made by Hallmark’s greeting card division instead of Hallmark’s retail store or broadcasting division. 

Because what celebration of small business would be complete by the Obama administration without reaffirming the mounds of red-tape that Obama and his confederates have saddled small business with?

“Overall, the Obama Administration imposed 75 new major regulations from January 2009 to mid-FY 2011, with annual costs of $38 billion,” reports Heritage. 

In contrast, there were only six deregulatory actions by the Obama administration saving $1.5 billion says the Heritage report. 

And those costs were just the cost by the government to implement the regulations, not the overall cost to industry- that is; not the costs to you and I.  

In terms of the overall impact on the economic health of the country, the figure is much higher. 

“More specifically, the total cost of federal regulations has increased to $1.75 trillion,” writes the federal government’s own Small Business Administration.

Heritage reports that that’s nearly twice the amount that the government collects annually in individual income taxes. Ouch!

The costs are a hidden tax, not just on the rich, says Heritage, but on everyone equally.

But because regulations prevent the creation of new jobs, it hits the poor and middle class particularly hard, “while the updated cost per employee for firms with fewer than 20 employees is now $10,585 (a 36 percent difference between the costs incurred by small firms when compared with their larger counterparts),” says the SBA.

In other words, small employers take it on the chin at the rate of $3,810.60 per employee more than the big guys do.

No wonder the big corporate sponsors of Small Business Saturday wanted to invite Obama in on the deal.

Because while Obama’s rhetoric panders to the little guys, his actions seem geared to favor the big guys instead.

Maybe that’s what the president meant in his State of the Union message when he said his administration was only into doing “big” things: Big Labor, Big Business and Big Graft. There’s just so little opportunity to monetize political power with little people involved in small business- and monetization of political power is the first priority of Obama’s political machine.        

It’s not hard to figure why the Obama administration is creating jobs at a post-war low. Jobs aren’t the goal. Fundraising is. That’s why dog and pony shows like Small Business Saturday loom so large for Obama and his corporate pals.

They serve as a reminder that Obama “cares” about little guys [cough, hack], while giving him an opportunity to put the squeeze on the Big Guys. 

If Reagan was the Great Communicator, Obama is the Great Fabricator.

For Obama, every day is just another episode of the Beltway Unreality show, where acting is much more important than actually doing something; where pop-culture trumps substance. 

But something’s different this election cycle.

The Chambers of Commerce, the Aspen Institute, American Express and the International Monetary Fund don’t own the media anymore.

You do- via the internet. While some may still be deceived, the rest of us are on to the scam.   

And through you, Obama’s going to find out that reaffirming and celebrating small business one day a year, doesn’t make up for the 364 days a year that he screws them.

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I’ve recently had a chance to read The Fourth Protocol by Frederick Forsyth. Originally published in 1985, the book wears remarkably well. Of special interest are the long letters that Kim Philby writes to his Soviet master about how to take down a western democracy.           

The letters are as relevant today as ever. Reading the Manifesto of the British Revolution will put a chill down your spine. The letters start at page 63 and 64 but I would suggest reading the whole book.

PS- If you friend me on Facebook you get sneak peeks of columns!  

PS Part 2- The email function at the top of the page working again. Sorry it took so long. Let the Hate Mail begin!


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John Ransom

John Ransom is the Finance Editor for Townhall Finance.