The following was mailed today to The White House, 1600 Pennsylvania Ave NW, Washington DC 20500 and also copied to the Bradenton Herald.
February 11, 2009
Chris Hughes
1112 86th Ct. NW
Bradenton, FL 34209
Dr. Mr. President,
Congratulations on your election victory, and I hope you and your family are adjusting well to your new home in Washington. What an amazing rush that all must be!
Normally I’m not one to say much about politics. Life’s too short and I’m too busy to get involved in the divisiveness of it all. And I’ve never written to a politician. However I read a couple quotes from your Monday news conference that absolutely baffled me. So I wanted to share the perspective of a small business owner in relation to the quotes.
Please accept my apologies in advance if I’ve taken these quotes out of context or if they are misquotes. In your first quote that appeared in my Bradenton Herald newspaper you said:
“The federal government is the only entity left with the resources to jolt our economy back to life.”
Mr. President, I recently took a risk. Despite all the bad economic news, I hired a new employee who started February 1st. I’m a tiny small business. My company is struggling to increase sales in an economic climate that’s presently cursed by pessimism. But I’m an optimist. I have to be. And I needed an additional employee if I want any chance at gaining new business.
Mr. President, I took another risk this week. I invested in more inventory for my business. At present I truly don’t know how I’m going to pay my tax obligation on the 15th of this month. We are scrambling to get some of our late accounts to pay us so I won’t get behind in my taxes. But I took that risk because there was a good buying opportunity. And I expect that we’ll be able to sell that inventory at such a profit to make that risk worthwhile.
These are the kind decisions and dilemmas that are faced daily by the small business owner. But we accept that because we thrive on the freedom and the potential for gain that exists in operating in a free economy. Sometimes my decisions are bad and I suffer the consequences. But sometimes they’re good, and I generate more profit.
So, Mr. President, with all due respect, I want to express to you that “The Market”, the infinite collection of decisions like those described above, is the only entity with the resources to jolt our economy back to life. And the market is comprised of a lot of little guys like me as well as big guys like GM and Ford.
Have faith in us. Believe in us. You speak a lot about hope, but truly, we, the business owners in this country, are the only hope. We want to succeed. We’re willing to work hard to succeed. We’re willing to make sacrifices to succeed. And we’re even willing to risk failure to succeed. All we ask for is the freedom to make decisions and opportunity to keep our profits.
There was another quote of yours that confused me. You said that “President Bush’s tax cuts for the wealthy had only helped lead us to the crisis we face right now.” Again, from the perspective of a small business owner, what would I do if my tax burden were reduced? I’d probably hire another employee or buy more inventory. Or I might take more of the profit that resulted from less taxes. And I’d spend it. Perhaps a vacation with my family. Maybe a new car. Whatever the case, wouldn’t my decision on how to spend the extra income benefit our economy?
Mr. President, our economy is clearly now in a recession. We could talk at length about how we got here, but instead we could accept that recessions are like tides occurring naturally as a correction of the market. Sometimes those tides are especially low like now because of unusual circumstances (like our inappropriately fueled housing market).
But if we’re patient enough, and if you believe in us, we will fix this. We need you to believe that we are the ones to jolt this economy back to life. I’m not asking for any program or handout. In fact I believe it’s shameful how many Americans are now turning to the government for solutions. What I’m asking for is the freedom to compete in the marketplace. Isn’t that what makes America the greatest country of all time?
The only request I would make to you Mr. President is to resist the urge to “fix” the economy. I heard that our Federal government is debating on how to spend almost a trillion dollars to stimulate our economy. Where would this money come from? Wouldn’t it come from us, the taxpayers? It’s hard to hire more people and buy more inventory when I have to spend more on taxes.
Mr. President, believe in us. We’ll deliver. I’ll continue to take risks and so will all those other business owners. We just need an environment that’s free of interference and additional tax burdens. If I could make any request it would be for less taxes; but given the amount of indebtedness we possess, I understand that to be unrealistic. Just like a small business or a household, if we continue to spend more than we earn, we’ll eventually go bankrupt. Who are we to think that our government is any different?
Respectfully,
Chris Hughes
President and Janitor
Homemade Fitness, Inc.
Bradenton, FL
www.1010wellness.com
cc: The Bradenton Herald
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