No 'Anti-Obama Small-Business Bailout,' Please

We have no Capitalism anymore in USA - it's So Monopolism now

During past 10-15 years of "global economic" reform and "free trade" our Feds and financial clans have been successfully working on conversion of our system into monopolistic body with socialistic engine. They wanted to give birth to an ugly mutant and they did it. I call the new system Mastrubism, or you give it your name. It's partly socialism due to high spending on people at the bottom and free huge money for selected by government leading giants/companies in their industries. This reminds me Soviet Union/USSR a lot. We used to have full government control of all industries starting with manufacturing, then distribution to warehouses and ending with large government controlled chains of small and large stores/retailers. That basically what's going on now slowly but surely here in USA. Government taking over large giants by borrowing them fresh printed money which costs government almost nothing. This is hidden type of step-by-step privatization of these formerly privately own chains. This is why government was demolishing our normal capitalistic economy starting from 1970 by almost uncontrolled import of import cars and other products and making local manufacturers go out of business. It started with manufacturers, then professionals such as programmers and engineers in 2000 and up. Then the most deadly hit was introducing and empowering by credits and patronage "small business killer chains" like Walmart, Kmart, HomeDepot, Lowe's, Staples, Target, BestBuy, Sears, Marshals, Liquidator, Ikea, etc. They all say to us "Save More, Live Better" or "More Saving, More Doing". Oh yes! However what they not telling us, that we eventually will close most of our small businesses operated by us, our family members, friends, neighbors, etc. Who will benefit from buying from these stores? Mostly people in need who are on government assistance, people with stable jobs with stable companies, government employees, and similar individuals. If you have more money then you can spend per month you will survive without going to this kind of large stores which are basically working for government now. The goal here is to socialize the retail industry by slowly and surely killing small independent retailers with "price beating"/ "wholesale to public" concepts and tools. Who is wining here? Nobody, but government and its direct investors/clans. What it does to our Capitalism and USA market? It kills it. The first rule of Capitalism is to protect small businesses and local manufacturers from monopolists in their industries. There are has to be no blood sucking giants, if we want to preserve healthy capitalism and its creative spirit. Government was created to protect small businesses from giant monopolies and uncontrolled imports. It failed to do so and sold its soul to clans. Every smart and talented small business owner knows that it's impossible to fight a wholesale to public giant, and most of businesses give up to fight or just not being given new births anymore.

AC of NY @ Jul 19, 2009 04:41:52 AM

President doesnt give ou tmoney

Your comment that Congress hands out money not the president would be a great answer on a high school civics test--but like a lot of stuff they feed us in high school it is not entirely true.

Don't you wonder how Geithner can keep giving out bailout money and has never gone back to Congress for more. Even though $750 billion is not small change--it is not enough to keep up with these guys.

The money tree is possible because they are leveraging it with the Fed--so effectively it is the president and treasurer who are doing these bailouts--Congress did not even understand when they passed the stimulus act that it would ever be used for anything but the purchase of troubled derivatives and to shore up some financial institutions who were having trouble with their securitized mortgages.

Its gone far beyond that--none of which has been approved by Congress. The United States took over two auto companies

without a single law passed by Congress.

Becky Chandler of AZ @ Jul 16, 2009 11:27:25 AM

Condemnation before investigation?

Enough said!

Leo Jungblut of CA @ Jul 14, 2009 20:13:16 PM

Berry's comments

I listened in person to a presentation given by Victor Cheng and found he was on point with practical, common sense suggestions and answers. I thought he was refreshing, with an entirely new perspective from the doom and gloom -- which is all we've been hearing lately!

I took his information (that he provided for free), ran with it, and believe am better off for it.

P. Rice of CA @ Jul 13, 2009 17:27:08 PM

Berry's comments about Cheng's book.

Tim, it seems like you just procrastinated on your assignment and instead of writing something that makes sense, you just wrote some junk the night before it was due. (may not be the case, but certainly seems this way).

I don't want to make it sound like Cheng is the ultimate authority and has all the answers, but at least he offered help. Also I think he is sincere about what he is preaching. Personally, I think, he has some valid points. If you disagree, please, be specific on points of disagreement and provide some good evidence to back it up your opinioins not just a madman's angry and arrogant rant.

Overall, you attack was really unfair and, im my opinion, you at least owe an apology to Cheng.

Nick of CA @ Jul 12, 2009 14:20:03 PM

Tim Berry, You're an Idiot!

If you weren't an idiot, you wouldn't be criticizing someone who is likely doing far more to help people than you... I doubt ANYONE found your rant useful...

Plus, it's also evident you don't have a clue about how the economy really works.

Samuel Adams of NH @ Jul 11, 2009 22:12:27 PM

Just trying to help

Mr. Berry,

I find your attack on Victor Cheng to fall in the face of irreverance. First off, if you are going to call him out, put his name in there. Second, it seems to me that he is just trying to help small business owners AT HIS OWN EXPENSE. He is not asking for anything to download his book, not even a thank you. Maybe the book is great, maybe not, but at least he is offering something that he thinks might work to assist small businesses who are struggling through these tough economic times. I have heard Mr. Cheng speak and he has a very valid perspective on surviving and perhaps thriving through recession. I am interested in what you are offering up to assist small business owners during these times?

Jeff Dougan of CO @ Jul 11, 2009 18:52:59 PM

Obama Reconsiders Small Business Bailout

Hi, It's Victor Cheng, Amercia's Business Coach, and I just wanted to thank other US News and World Report readers for calling out Tim Berry on being unfair in his coverage of me and my on-going private bailout of 1 million small business owners at www.bailoutusa.com

With a 100% of the comments being Pro this bailout program, it seems Tim Berry is in the minority on this one.

Also, there is some fantastic news I'd like to share.

Tim Berry suggested that my criticism of the Obama administration was somehow wrong, improper, or pointless. But, I'm happy to announced I it worked!

In today's Washington Post, the Obama Administration announced it is re-considering its stimulus strategy to allocate more funds to support small businesses.

"The effort would represent a striking shift from the rescue program's original mandate, since it would direct billions of bailout dollars toward a plan that aims more at saving jobs than at righting the financial system. Some economists estimate that small businesses... employ most of the country's workforce."

The full article is here: http://bit.ly/3AzWj

The rationale behind this sudden potential shift in stimulus strategy were the exact same facts I cited in my previous comment and the motivating force behind my bailout.

Factually, small business create roughly 7 out of 10 new jobs in this country. Everyone agrees we need more jobs to turn this economy around. I argued (with much criticism from Berry and others) that it was crazy for Obama to spend trillions on something other than most proven job producers in this country -- small businesses.

With today's announcement, it looks like the Obama administration either listened to me or finally figured this out on its own. Either way it's great news for all of us.

-Victor Cheng

America's Business Coach (proudly)

www.BailoutUSA.com

Victor Cheng of CA @ Jul 11, 2009 10:25:19 AM