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McArthur’s Bakery Owner David McArthur on why many small business owners feel the federal government is a part of the economic problem rather than p...
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Thanks to -- but the president a lot -- of standing ovation that there's victory allowed to have visits in Ohio Chrysler plant today.
Saying that the auto bailout saved today there are but small business owner David McArthur says the -- of bailouts upstairs and regulations we wouldn't be in the mess.
If Washington focused instead on jobs first jobs and only jobs of David good to have you back.
So one -- a lot of things in the in your comments that's -- days that you talked about months ago.
Are coming to pass what do we do now from Hughes from other small business trying to make you go -- what do you need to see.
Well I'd first I'd like to know can we grab all these financial experts pull model does bubble they live -- and and similar to the midwest to the places with -- -- world where we all have to work for a living well maybe -- -- similar process of the building that might.
-- -- -- -- -- -- For simple words if food and fuel stupid.
That's what stifling the economy people do not have money to spend there's nothing there -- it's the same thing in this economy is never gonna recover.
And are we take the banks that we bailed out with our own money.
And their investment of the commodities market they're boosting the futures prices up their -- around and stick in the ninth and are backed by.
Being part of the problem rather than part of the solution -- make you angry minority.
Stated that you but I hear both parties saying that they exists -- -- not urge you not responded -- not address and your concerns.
You know now so and have years and that is people are questioning.
That the depth of this recovery and whether reform act -- something bad.
You savor your concern whether we ever got out of that the first down in Europe but.
That being said the quickest thing that could -- you now is what.
Cash in the consumer's pocket.
I mean if you do simply use that you put as advocates of -- economy really needs it.
You know we need an energy policy that's gonna put some structure behind what we've got a -- what we're gonna have it that takes time -- -- -- time.
-- -- it would -- what do what everybody got another guy here a couple of nights ago.
Neil give -- tax cuts -- Now I don't think that the tax cut through the solution to the it's not that the the businesses are struggling because the consumers not walk in in the front door.
Their larger problem there's no cash flow in this country today.
They're your probable I mean it it it's just simply that people are living on the edge ever when you darkened living on the edge there's no extra money to take -- over that well.
So you'll see regularly had budget cash from mark from McGovern.
So does it matter to you -- very successful bakery owner in your own aren't trying to make ends -- -- Whether the government addresses -- -- what all this esoteric stuff doesn't matter do you.
Well if -- about what the debt does that do drives our dollar worth nothing.
And that drives our commodity prices which is food and that drives our fuel prices which drives everything we do revolves around book fuel.
-- -- so they get Benedict controller show the markets I guess there there's they're taking action on this.
That could help the dollar that -- by Domino's so that's -- business.
Right now there's no confidence anywhere you look you don't take any direct any parameter any direction.
No one has -- -- consumer confidence wherever you look the housing market in this part of the country.
They're talking about we're still gonna see our housing prices dropping for the next year people are just walking away from loans.
I mean people have never seen it like this and you've got an administration.
That says tax the rich -- step.
We'll pay the debt off but we're gonna spend more money it's not a solution should you do vote okay should you do however.
That you know what we need is an -- in my personal belief that we need to go to a flat tax type structure and start taxing corporations.
And and everybody on an equal rate rather than letting the big guys be able to escape on huge profits whether it's.
Food processors -- fuel processors I don't care who doesn't but when I look at the tax rates are having comparison -- -- It makes billions of dollars and and sends at all offshore.
I mean that's worm that's where martyrs -- but -- -- in the pockets of -- -- -- laid -- -- I don't know I'm sorry did you -- -- -- we have not.
Recently no but -- you know we're into the summer time to get our busiest time of year.
Typically I'll -- to college guys to come and a -- -- jobs this summer jobs for extra clean up.
Not this year it's not in -- budget and and that's the same thing you look at made hiring in May all those college kids that.
Came out of school where did -- go there on the seven home -- There's just nothing foreigner anymore.
The money's not in small businesses pockets to put anything Yorkshire out there.
We're watching about it on a journey of the -- as -- better than and is.
You know Wharton MBA economists and everyone else he just Cummins.
David thank you very much goods and common sense that's what were black and -- in Washington alright trying to hang -- very.
