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McArthur’s Bakery Owner David McArthur, The Dover Group CEO Butch Yamali and MMI PR President Patty Brigulio on the economic challenges consumers an...
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Well remember the melt down remember how bad things were in 2008.
People don't think there had a lot better right now more than half of voters in swing states thank they are not better off now than they were when the whole recession began.
Business owners Dave McArthur.
Patted -- good Leo and a -- tamales say that's because the government has actually made things even harder for them to be better off now.
David let let let's let's gonna begin we -- year.
Explain what you mean that.
Public figure we've seen instance when you say are worse off they up.
-- give them the dirty little secret here is food inflation has gone up in our case you know we're looking at.
Thirty -- 3334%.
And increases in food prices during a recession.
I mean that's unheard of -- we've seen these absorbent cost increase in food and fuel -- the cost of our insurance.
And all these things -- yet to consumers -- own money in their pocket is less than than ever was.
Do new things that they have to -- and me being in that world of -- disposable income small business.
My customers have less of it and their wallet because of these high prices that they have to go to and they have to feed the family.
They have to put fuel in the car.
And it's gone from bad -- -- well look.
Let's stick -- the same food group here butcher -- days of Bakker yes same thing for him a same thing with this us disposable income for people.
And nobody you know ready to so unsure what's gonna happen in the future they -- -- -- -- -- your customers.
We have to be creative we have to give -- a lot of value have to you know give him a lot for it for the money in this way they can of what the come we don't see people going out as often.
-- -- catering halls and -- getting all the extras anymore.
It's very basic -- very worried about what's gonna happen.
I'm patty -- your communications.
Person on so have you seen.
You know a more emboldened customer.
Them more jazz customer engage customer.
-- four years ago were told there were no customers and so.
It was an easy comparison maybe not so easy but it -- said.
Well what you really see -- are people who are looking to get value for the money they spent so.
It it's it's important that you give that texture of peace for four for what they're paying for.
You know times are tough out there I mean this is.
It's hard to be in business right now it's just very -- you've taken it to the president himself and stated this case and in no one shot you in the process.
Dark humor there but my point was.
That you've taken on the president this notion that things are are hitting its stride.
What reaction did you get what what did you hear back.
Well.
You know the president told me when I talked -- about Health Care Reform.
He told me I was gonna get tax credits that would offset any increase and I just don't -- that's going to happen.
And what's really -- as we're not better off for years later but look what we have looming in the future and that's that Health Care Reform that's gonna hit its and 2014.
What are we going to do I don't believe we can absorb those costs.
Now it's going to go ahead on but it didn't think I'm sorry it dare I say you know.
We need to -- and chain -- The economy.
All right thank you Joseph Biden but -- -- in all seriousness and you get a sense that it's all the unknown and and it was something that much was bring up with me here during the break.
It's just the uncertainty of but what does health care mean.
We we always hear that -- two doctors can agree to do business guy's gonna -- do.
-- town's gonna grace of guys like you look first debate you -- you just the better part of valor is to do what.
Well you know hi I'm -- it it's -- -- point of -- in the treacherous out there.
Bomb it and I don't think it's uncertainty -- I think it's very certain.
We know what's gonna happen if Obama gets reelected we're gonna have exactly more the same.
-- and escalated rate.
And I think there are thousands upon thousands of business people out there right -- Just -- on -- alleged -- saying I'm gonna wait this out and see you were -- in the if it goes like it has last four years.
Third order -- and you're gonna see your real estate who wrote commercial real estate does -- -- -- Because we've invested our life's savings we've gone back and we've re mortgaged everything we've got.
We don't -- we've trimmed -- -- then as we can get it we've taken -- I don't I'm the world's greatest optimist I'll fight to demand until you know hell freezes over.
But I can not maintain it at this level and at what point do you go for more years guaranteed.
-- Much -- high grade you -- what what isn't when is enough.
I see people you know they don't people are retiring right now -- they're afraid kids are afraid to leave home because -- are they gonna go.
I'm gonna have people coming towards -- to have master's degrees and happy to be a waiter or waitress.
It's just a vicious cycle nobody knows now what this health -- going on.
We're gonna don't if you show how do we know what to do out of the music business -- -- most 500 employees what do white.
-- who's gonna get the health insurance who's not.
Other people that are getting health insurance -- their spouse of the government position we can be responsible as the government could responsible company nozzles dances and what's gonna happen.
Do you know get frustrated though patty what Mitt Romney's solution cut taxes.
The exited take a standard regulations but that's pretty much it because the rap against civilians enterprises -- to go back to the policies Democrats -- got us here.
-- -- -- -- We don't just what's really.
Broken about Washington and it's not just the president it's congress as well they're so concerned about keeping their jobs.
That they're not doing their jobs.
But it's just -- At some point I believe the American people are ready to have somebody tell us the truth.
We know as business people we have to deal with budgets we have to deal with the economy.
We know that we can't there's no simple answer for this we need to get serious and sit down and say hey I take I would take a tax increase -- -- Texas.
I thought that it was going to be used responsibly.
And if I knew where with an adult but all it doesn't encourage them and then they will spend it it's we expect the way our children's future.
It's it is really scary right now.
So David you -- hear the president for ten seconds it would -- -- drill.
And build.
Because you put a dollar a gallon back in this retail market for every gallon -- gas on the market today in this economy recovers in six months.
Which I would just say the -- help we need help.
You know you need need to get more people spending people can't be afraid to spend -- no way they're going some kind of direction we have no direction we distance -- right now.
And we to know what's gonna happen.
Guys I want to thank you all very much an area of thank you very -- thank you very much schedules and we certainly appreciate your company.
