Unemployment just went up – to 7.9%. The economy just went down – negative growth in the 4th quarter 2012. Consumer confidence (Conference Board) and small business optimism (NFIB) both are down.
The government is experiencing annual operating deficits of over $1 trillion and the national debt, over $16 trillion, is on par with GDP. Let’s put that last number another way: if the U.S. were a business, it would owe as much as it sells.
With this set of realities facing our nation, it’s interesting that President Obama chose to say very little about the economy in his second inaugural address, but did talk about his climate change agenda. We wanted to know what small business owners think about the president’s priorities, so last week we asked this question in our online poll: “The President said climate change will be a major focus of his second term. What do you think?” Here’s what we were told.
Those who said, “I agree. Climate change is our greatest problem,” came in at 6%. The middle group, at 38%, believes the president “... should focus on economy recovery more than climate change.” And the rest, 56%, allowed that Mr. Obama “… should focus on the deficit and debt more than climate change.”
Clearly President Obama is watching a different ballgame than 94% of small business owners, plus we just learned that his Jobs Council was disbanded after two years. This 25-member committee is noteworthy because of the make-up of the roster: big business CEOs (16), venture capitalists (3), academia (1), politics (1), union bosses (2), and 1 – count them, ONE – small business owner.
That’s right, the group that signs the front of the largest batch of payroll checks (70 million) every week in America and has created almost every net new job for more than a generation was represented on the President’s Jobs Council by one very brave small business owner, Darlene Miller, CEO of Permac Industries, Burnsville, MN 55306. Permac has 30 employees.
Miller has been a guest on my radio program and recently told me she believes the Jobs Council actually did create jobs. But if that’s true, with more than 20 million Americans still unemployed or underemployed, shouldn’t it still be in business?
Well, the truth is the president doesn’t need a Jobs Council to create more jobs. He just needs to spend his efforts on policies that make America’s job creators think he’s watching the same ballgame as they are.
Write this on a rock…Small business owners will create more jobs when the government stops acting like it’s working against them.
Jim Blasingame is one of the world's leading experts on small business and entrepreneurship. He is the creator and award-winning host of the nationally syndicated radio program, The Small Business Advocate® Show. In addition to his weekly columns, Jim is the author of two books; Small Business is like a Bunch of Bananas and Three Minutes to Success.