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Welcome back everybody I'm -- Cincinnati Brian -- tandem with stage works joining us once again on -- we like having on because you're so.
To me into the small business community in the business community for that matter through and now we're talking about the Affordable Care Act for Obama care adds.
It's closely Collison there's been a delay in implementation of that now 2000 -- fifteenth how is that affecting.
As justice well that's a big bad there's no question about it and being that.
Yeah announces that here's why.
You remember that big -- and went -- for about two years and they passed the law.
And then businesses will get the law and they say okay what does this mean for my bottom -- in the new plan.
Know what's happened.
Is this is now being postponed for another year so they don't know what's coming up and then that's got to be the I'll watch word.
Even if your bill is bad.
-- good bad indifferent whatever and get it out early let businesses know.
What the cost are what it means for them in nearly complete and they're very adaptive.
So we've got more uncertainty I know you're probably tired of talking about it as well -- -- it's not good for businesses in particularly for small businesses.
Well the irony here is it seems play there elections aside that they -- -- Really Affordable Care Act the implementation as far as businesses.
Are concerned because they knew so many -- confuse -- -- so they sent an assistant let's spend an extra year adjusting to end.
But now they're more.
Can he is right well everyone is including -- You remember there's all that's a very complicated.
All law I mean there's incredible amounts of paperwork to it this this -- don't really know what it means for me at.
Even the people in Washington you know have a congressman really read the bills.
They know so there's all this what's going to happen -- that is not good when businesses are looking forward.
Particularly with regard to hiring and we want them to hire people.
It's assuming that.
Lock your businesses with better balance sheets and net and bigger budgets can hire.
A team of people to interpret.
The lion and another supposed to.
And then find ways around it right -- and getting around a tax -- saving money but it's expensive to do that.
It seems to me that small business with a smaller budget but he's just tell us what we have to do and will do as it is we don't have the time -- -- money and figure out how to.
Get around it could just tell us what we need new and -- listen.
Yeah exactly and I don't know where to start your minimum -- -- -- every night you're -- the fourth year of recovery right now if you look back over a hundred years.
As economies recover -- especially when people hire people they're not doing it right it.
You know we want to blame Washington for everything around me is there an easy target politicians are always -- -- -- you wanna go after them but in this case.
We really have to attribute.
Some responsibility to Washington because look sales are up margins are good profits are up why are these people not -- if he -- And by the way there's been only one half three years like yeah it's been going on forever and -- frankly I thought a year two years ago once we got through health care.
Businesses would hire people -- so I was wrong there.
But the point is.
These external audience -- public policy tax laws -- you know we've got health care and another year it goes out.
There are 27 million businesses in the country and they are looking -- their bottom lines they're going on a year they've got.
Credit card debt -- fortunately they've got you know kids in school all car loans mortgages.
Their bottom line is what they used to eat.
You know there it's not like did in fact I think like for a big company -- and so when you affect their bottom line or they don't know what's gonna happen.
They're going to get cautious and they're gonna get cautious on -- single biggest expense.
Which is people by the way they're also not borrowing a lot of money right now so they are overhead.
And we want them to look to the future and say look.
Revenues are up I'm feeling good I want to hire people borrow money from but they're not doing so and that's if that's arrest.
It's a -- -- to everyone and by the way one other thing to me not to.
I don't want -- non negative -- but.
Look -- four years into a real recovery there's no doubt about it we can debate the strength of of the recovery but it's there.
But remember we're at seven point six on employment into the fourth year of recovery the average recovery period in the US is -- years and so if this keeps getting extended and we go into another recession.
Which you know our data would imply you know that's coming around the corner maybe a year or two from another session oh sure there were four years into -- recovery -- Before -- seven point six now what does it look like if we had a blip.
You know not goes up to 10% again that's no good so -- what is chances of that happening wolf here's what's going.
These private companies and there's 26 point seven million of them are growing.
The profits are good things are good today but we know.
That we live in -- cyclical economy there's no doubt about it so the party doesn't last forever.
That the average recovery crews about four years I don't know win the next recession is I don't wanna -- -- -- -- -- -- and will happen.
So the key is we've got to get that unemployment rate from seven point six down to five or six -- -- to get hit again.
I -- on any city didn't want to end on -- negative but I'm going to ensure that we do and on negative you could you share with us the results come on the end of this survey.
Asking small businesses that they expected to.
All right well let's have loaded question I've -- interest so we survey business people all the time I mean here's the no -- -- think only 2% of businesses that have been.
You know surveyed say yes we're going to be hiring people.
2% to -- 50% are like people we don't know point 5% are no and it but really there's only get 2%.
Group out there.
Out there that's definitely gonna hire people and so at this point in the recovery we would want that to be about fifteen -- so.
And a long -- -- our system better but that's OK Brian thank you for coming heading into crazy --
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