30 billion to small businesses
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URL: http://www.CorrectCraftFan.com/forum/forum_posts.asp?TID=16443
Printed Date: January-23-2025 at 5:24pm
Topic: 30 billion to small businesses
Posted By: eric lavine
Subject: 30 billion to small businesses
Date Posted: February-02-2010 at 10:37am
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i want a piece of that action ------------- "the things you own will start to own you" |
Replies:
Posted By: Kristof
Date Posted: February-02-2010 at 3:10pm
Who wouldn't 
If government had something similar over here, Chantal would be lining up to get a piece of the action for her business... ------------- - Gun control means: using BOTH hands! - Money doesn't make one happy, but when it rains cats and dogs, it's still better to cry in a Porsche than on a bicycle... |
Posted By: 81nautique
Date Posted: February-02-2010 at 4:04pm
Ha, Don't pack your bags yet Kristof. When they start writing checks I'll give you a call. 30 Billion to small businesses means they will probably offer low interest loans to keep your business afloat, you will get yourself so far in debt you'll never see the light of day. Or how about tax deductions for investing in capitol like machinery....hello..is this thing on? We don't need more machinery, we can't run the stuff we have 7 hours a day as it is. We don't need help running our businesses, we simply need business. Do something that gives the economy a shot in the arm, gets people back to work, gets them moving, buying /selling their homes in the process. People will go were the work is so create some work, I though when all this started we were going to get things like the work programs and projects of the 30's in place so we could get back to work, that's all we want and need. Now I got my health insurance renewal yesterday...32% increase...they could help me with that if they gave a dam. I pay $300/month and have a $1200 deductible. I just had some issues with my feet taken care of cost. Bill was $1100, so I spent $4700 out of pocket, they haven't spent a dime yet and they raise my rates 32%. That is criminal. edit: In my rant I forgot to mention that $300 a month is just me, it's cheaper for us to have separate policies so my wife pays $300 for hers with another deductible as well. AND, tax breaks are great..if you make any money, but there won't be many small businesses paying taxes this year because we're not making anything. So they talk about giving small business tax breaks but then have to make it up on everyone else. If we could just get people working I'd make and pay my share. Never had a problem with paying taxes because it meant we had a good year. ------------- You can’t change the wind but you can adjust your sails |
Kristof wrote:Posted By: Hollywood
Date Posted: February-02-2010 at 4:11pm
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We also get the child care credit even though mom and/or dad are at home on unemployment... ------------- |
Posted By: Morfoot
Date Posted: February-02-2010 at 4:11pm
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My hat's off to you guy's who are in business for yourselves. The Health benefits here @DAL are a joke but not quite what you guys are paying. I know it's gotta be frustrating. We've had a few guys leave then come back cause healthcare premiums were killing them. ------------- "Morfoot; He can ski. He can wakeboard.He can cook chicken.He can create his own self-named beverage, & can also apparently fly. A man of many talents."72 Mustang "Kermit",88 SN Miss Scarlett, 99 SN "Sherman" |
Posted By: skicat
Date Posted: February-02-2010 at 4:44pm
I feel your pain Alan. Our insurance here at work was going up 29% this year. We had to get a lower plan just to keep it. We pay around $1,100/mo for family coverage. We still pay 100% medical for employees. Since my business is tied to the construction industry, we are just about gone. We somehow held on last year, but without some jobs hitting the door in the next month, we might be gone! Anybody need some boats?  ------------- Greg http://www.correctcraftfan.com/diaries/details.asp?ID=2427&yrstart=1981&yrend=1985" rel="nofollow - 86 BFN |
Posted By: critter
Date Posted: February-02-2010 at 4:50pm
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A link to this post needs to be sent to the WH.
But then they would say that this group is just the minority and they know better. ------------- 1980 Ski Nautique 1966 Barracuda |
Posted By: hasbeenskier
Date Posted: February-02-2010 at 5:05pm
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I'm with you guys. With the time I am finding myself not working I am PRAYING.
bj ------------- hasbeenskier |
Posted By: eric lavine
Date Posted: February-02-2010 at 5:39pm
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i was just looking to get a paycheck out of the deal, mark my words, the market will soon crash again ------------- "the things you own will start to own you" |
Posted By: eric lavine
Date Posted: February-02-2010 at 5:50pm
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81, out of all these guys that i daily rag on about healthcare in this forum, were side by side?
you dont know how fcd the healthcare system is until you need it and Alan is just another good example. i go thru the same sht. Who was it on here that thier wife was having Migraine issues besides me? Morfoot? I did some reading after 20 misdiagnosis, 2 cats 2 mri's on my wife thousands $$$$ later, I read an article on sea-sickness, that feeling you get when youve been on boats for a few days and on land it still feels like your on the boat, it went on to say that these symptoms can stay with you forever and on some it dis-appates. it all started after a long trip in a moterhome 3 years ago and has been with her since, I'll look when i get home, it is some type of syndrome that forms migraines and dizziness. im in the high 4 digits on this one. damn if i dont fix something i dont get paid....well sometimes lol ------------- "the things you own will start to own you" |
Posted By: 81nautique
Date Posted: February-02-2010 at 5:55pm
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Skicat..$1100 /month is tough pill to swallow. We've moved ourselves to a lesser plan with higher deductibles every year just to try to keep the premiums acceptable. I had to give up the 100% for my employees a few years ago, we now only cover 50% and the rest of the family is their responsibility. I'm not proud to say it but I have a few people here only making $11-12 an hour, how are they supposed to afford health insurance for their family they can hardly put food on the table. It's disgusting and there's nothing I can do for them.
Our business is in an industrial condo complex and I talk to my neighbors all the time, out of the 11 businesses in my building 7 lost money last year. Not just clever tax evading loses, real hanging by a thread loses. The only reason I'm not one of them is because I'm down from 12 employees to seven. Now on a good note I heard from an insider yesterday that Correct craft was back up to 5 boats a day or 50% capacity and has brought back some employees. I really think we need spring to get here right now for many of us. Hang in there guys. ------------- You can’t change the wind but you can adjust your sails |
Posted By: Morfoot
Date Posted: February-02-2010 at 6:06pm
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Eric, Nope it wasn't mine however we did have to shell out quite a few $'s for chiroprator, epidurals, and foot surgeries. Kim had scoliosis when she was little and we've been battling her leg going numb for a couple of years. They took out a neuroma out of her foot and that seems to be working. Funny how it something in your foot(no pun intended) can make the whole leg go numb. The whole thing pretty much wiped out our HSA acct. and we still had to get a small loan to cover the deductable, but hey at least she can waltz around longer.
------------- "Morfoot; He can ski. He can wakeboard.He can cook chicken.He can create his own self-named beverage, & can also apparently fly. A man of many talents."72 Mustang "Kermit",88 SN Miss Scarlett, 99 SN "Sherman" |
Posted By: 81nautique
Date Posted: February-02-2010 at 6:55pm
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Obama's message of the day was a proposal highlighted in his State of the Union address last week: funneling $30 billion to local banks so they can lend small businesses money they need to grow their enterprises and create jobs.
"Jobs will be our No. 1 focus in 2010," he told the estimated 1,600 people in attendance in opening remarks, before taking a handful of questions. "And we're going to start where most new jobs do — with small businesses. These are companies that begin in basements and garages when an entrepreneur takes a chance on his dream, or a worker decides it's time she became her own boss." The idea is to bolster banks' balance sheets and enable them to make more loans to small businesses, who can use the money to expand, hire or make other investments. Greg(skicat) Would you rather have a loan of $100,000 or a few good contracts? Man they don't get it. They make money available for what? Hiring employees we don't need...Buying equipment we have no use for? These guys need to stop campaigning and get a clue. All those that want to pledge everything they own to another fng bank say Aye! Not me. ------------- You can’t change the wind but you can adjust your sails |
Posted By: 81nautique
Date Posted: February-02-2010 at 7:00pm
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And while the steams billowing out of my head....
Eric, I hurt my foot at work so I should have claimed it on workers Comp right. Well it was cheaper to pay it out of pocket than to have my premiums jump through the roof, I'm glad I have that insurance too. And I did the same thing when I got frustrated at work here a few years ago and put my fist through a wall, broke my hand and never claimed it in fear of premiums. Never lost a second of work, I am such a model employee, anybody hiring??? ------------- You can’t change the wind but you can adjust your sails |
Posted By: skicat
Date Posted: February-02-2010 at 7:33pm
Alan, I'll take a few jobs as well. I aready have the loan I am trying to pay back now. I sure can't hire any new employees to work on jobs I don't have!  ------------- Greg http://www.correctcraftfan.com/diaries/details.asp?ID=2427&yrstart=1981&yrend=1985" rel="nofollow - 86 BFN |
Posted By: hasbeenskier
Date Posted: February-02-2010 at 8:12pm
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Alan I can't see you getting angry enough to punch a wall. That would be a B.J. move. My perception of you has been mild mannered Clark Kent. ------------- hasbeenskier |
Posted By: 05 210
Date Posted: February-03-2010 at 12:36am
I hate it when that happens I can't see you doing that Alan
The last thing I need right now is a loan to repay. What do they expect you to do with the money? Run out and buy yourself some customers? That seems to be the govt's solution to everything lately....loan, spend.....loan, spend. I only have one employee and I feel fortunate that he doesn't even want health insurance. I have been thinking of ways to grow my business lately, and everytime I run the numbers it makes more sense to keep doing what I'm doing w/ what I have & staying small. Mike ------------- http:/diaries/details.asp?ID=2219" rel="nofollow - Air Nautique 210 Team 640 hours, not 1 regret |
Posted By: Waldo
Date Posted: February-03-2010 at 1:22am
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Hey I just googled this topic. Scroll down and this tread is the sixth link down from Correct Craft Fan site. Maybe somebody will read this thread and Alan will get his point across.
Waldo |
Posted By: 62 wood
Date Posted: February-03-2010 at 2:41am
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I am pretty much SICK of most politicians...they are so far out of touch with reality. What a bunch of BS slinging asses.
.... We havent had a claim in 30 years...still paying over 400 a month, with $4,000 deductable. Im in the same boat as a lot of small businesses.. (no pun intended)..."Survival mode" ...just trying to keep from going any deeper in debt. Last year was the worst year we've EVER had, including our start up year in 1987. Ironic that only three years ago, we had our best year ever. To compound matters, Like Alan, my wife and I work together. There is NO other income from a spouse to help. I dont want/or expect handouts. We dont need to borrow money...we need more customers.. People are afraid to spend money. (Cant blame them, so am I) Then theres the "Smoke and mirrors" 3.5 million jobs saved or created... Does anyone know WHERE all these are? We are still loosing jobs in our area. Will "the powers to be" EVER get it?  ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1117&sort=&pagenum=6" rel="nofollow - 64 American Skier 62 Classic.. 73 Ski Nautique |
Posted By: eric lavine
Date Posted: February-03-2010 at 10:03am
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grants would be a better term, if i was lent 100k, i really wouldnt know what to do with it except catch up, borrowing money to pay back money???? not only if your business suffers it rolls right on down into your personal income,
Steve, one of my best years was 3 years ago, i thought to myself man this is easy, now this *************** hits, my overhead grew with the economy and they open trap doors. im back on the 4 hours a night sleep regiment. I even notice the traffic on the roads is cut way back, I rarely even watch TV anymore and just sit and ponder on how this country can create capital again, cashflow, its really fck depressing and its touching everyone in this country. In no way am i tearing up here, but we need a shot in the ass. economy's like this dwindle the middleclass, as you see in other countries...there is the rich and then there is the poor and no in between, using tax money to spur spending is just not going to do it, merely a band-aid, i really cant see the stock market maintaining, its all on paper, smoke and mirrors as you call it. it was sucked dry, in the trillions and that created a depression. negative, the money was replenished but only to pay bad debt, the vacuum will start back up again. anyone i knew with substantial wealth got clipped for 40 to 50 percent. I just hope i can sustaine for 3 or 4 more months, I hit 11 years in business and made it past that 5 year do or die mark and worked hard at it, its not a 40 hour a week job but a 164 hour a week job cause its always on your mind ------------- "the things you own will start to own you" |
Posted By: 62 wood
Date Posted: February-03-2010 at 10:58am
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Im with you Eric...looking back. Overall, the business has been good to us... knew we were never going to get rich...just want to make a comfortable living.
We started in late 86...just Pam and I. Worked by ourselves until 6 years ago. We decided to hire an employee....til that point we had only one vacation in almost 18 years.... a whopping one week. After hiring him, we were able to take a few extra trips....Green Lake was one..  ... The first couple of years with him were tough as he learned the business....at first we didnt make any more money with him. BUT at least we could get a few days away now and then.
Like I said...3 years ago was the best year ever. Had things going good...only thing we owed for was the business. Had the biggest savings account we ever had...etc , etc. THEN.. about 2 years ago, sales started to slide. December of 08 was when it really started here. (wasnt that election time? hmmmm.) We went month by month...watching...wondering.. thinking... "Its gotta turn around...doesnt it?" Sad thing was our employee was taking home a full paycheck...Pam and I were literally taking nothing home... But, hey, thats ok...its gotta turn around,right? We wanted to keep him... he was our ticket to get a few days off now and then. Well, after a going thru the best savings account we ever had, and a couple of months of borrowing money to make his payroll. Reality hit... we cant continue doing this. In June last year we had to cut his hours.... Luckily(I think) he did get another job..(hey, that means we only need to find 3,499,999 more "mystery" jobs..) Soooo, here we are...just Pam and I again...no savings..our retirement in the dump... looking at starting all over... Again, I dont want any handouts...( my dad, bless his sole, would whip my azz)... no low interest loans, no bailouts.. I just want to run a business and make an honest living.. I get TIRED of listening to all the sugar coated - empty promises the clueless G-men thro around... Dont take me wrong.. Im not complaining.... but facts are facts... Reality is, SOMETHING needs to change. ....and it could start by the politicians getting there head out of their @$$ ... Heeeyyyy, heres a novel idea...maybe we could start by trying to get manufacturing back here. (thats another topic starter tho).. sorry for the rant... . ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1117&sort=&pagenum=6" rel="nofollow - 64 American Skier 62 Classic.. 73 Ski Nautique |
Posted By: 81nautique
Date Posted: February-03-2010 at 11:03am
met with my agent last night, only thing we can do is double our deductible to $2500 and we'll still see a small increase.
That's right, I bet everyone of you self employeed guys is just like me, we don't cry we act and get it done. How the heck do you think we got here in the first place, take no crap from anyone. I bet Eric, Steve, Mike, or BJ can do every single task in their shop better than anyone they employ. That's why we're the boss, don't tell me how to run my business, fix the other problems and I'll be just fine. Now as for the "Clark Kent" thing  thats' one mean mother when the glasses come off. Seriously, there's no BS at work, get it done or you're getting run over by the big dog. My employees work their butts off for me and it's not fear it's respect because they trust the guy driving. Sometimes I'm not proud of this one but when I get mad they run for cover, if the viens in my forehead are bulging the shop will clear in seconds.
I'm gonna head off to work, get my hands dirty and buy everyone lunch today for sticking with me through this mess. ------------- You can’t change the wind but you can adjust your sails |
Posted By: skicat
Date Posted: February-03-2010 at 11:32am
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Actually Alan, they should buy you lunch for doing everything you can to keep them a job! It sounds like we are all down the same path. (except my walls are still intact) I have cut my pay to a fraction of what it was (below what my employees make), used up savings, etc, etc to keep the company & the employees I have left. They haven't been affected at all yet. ------------- Greg http://www.correctcraftfan.com/diaries/details.asp?ID=2427&yrstart=1981&yrend=1985" rel="nofollow - 86 BFN |
Posted By: Morfoot
Date Posted: February-03-2010 at 11:32am
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Hey Alan, you could always do ad work as Billy Mays brother! ------------- "Morfoot; He can ski. He can wakeboard.He can cook chicken.He can create his own self-named beverage, & can also apparently fly. A man of many talents."72 Mustang "Kermit",88 SN Miss Scarlett, 99 SN "Sherman" |
Posted By: hotboat
Date Posted: February-03-2010 at 11:36am
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Any recommedations for a 401k? Just about back to where it was a few years ago still have it all in the "risky" stuff. I am 35. ------------- Brian |
Posted By: quinner
Date Posted: February-03-2010 at 11:51am
Where do I start other then to say I am in the same boat as Greg. Been in business since 1995 and this is the worst, I am down to Zero employees, laid off my last 2 guys in June, both had been with us for 12 years, that was tough, neither is back to work anywhere yet. Haven't been able to pay myself since May, if things don't pick up soon we could certainly end up another one of the casualties of this pathetic administration. Insurance is my largest expense, Health, Professional Liability, workman's comp & general liability, Holy eff. Like you guys, my health premiums keep increasing, my deductible keeps rising, it's out of control. ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1143" rel="nofollow - Mi Bowt |
Posted By: 8122pbrainard
Date Posted: February-03-2010 at 12:19pm
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All employees here got anywhere from a 20% to a 50%!!! pay cut when things started going south more than a year ago. Layoffs to the tune of about 60 to 70%. Bouncing paychecks for the last 5 months. Delays in getting pay checks. Salaried like myself have been waiting for over 2 weeks now for checks. Hourly got theirs this week from last week (after a little "sit down") but were told there may not be funds in the bank!! Company's mortgaged/loaned to the max. Owners (a father/son team) live and drive the high end life and am sure they haven't put 1 cent back in! It sure is a different tune employer wise compared to people like Alan and Greg. Company credit cards maxed out. Hard to find a supplier that isn't pissed at us from past dues. Family medical without dental is $220 for me. Medical was canceled in November and December for lack of payment but moneys still deducted from our checks. Got coverage back but feel it was only because our owner (father) himself had to go into the hospital!! Who was it that sang and what's the song with the lyrics that go something like: "I've got to get out of here" or "I've got to get out of this place"!!! Problem is..... ------------- /diaries/details.asp?ID=1622" rel="nofollow - 54 Atom /diaries/details.asp?ID=2179" rel="nofollow - 77 Tique 64 X55 Dunphy Keep it original, Pete < |
Posted By: hotboat
Date Posted: February-03-2010 at 12:31pm
We build injection molds and had a very strong year last year and built what I have been told is the cleanest "clean room facility" in Pa. A big part of our work is medical. A customer owes us over a million dollars from last year still....hope to survive  ------------- Brian |
Posted By: eric lavine
Date Posted: February-03-2010 at 12:35pm
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Pete, i need a tooth pulled and i am holding off for the lack of dental, im gonna go see the Moomba/Boston whaler (remember the wood i refinished?) dentist and take a benny with me. and just say pull it, i dont eat anymore anyways lol ------------- "the things you own will start to own you" |
Posted By: 62 wood
Date Posted: February-03-2010 at 1:12pm
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Eric,
I wonder how many business owners have put off health care? I havent been to a doctor in years(well actually, last week I went for the first time... a customer's dog bit me...sure glad he was "friendly"), ohhhh btw, the customer doesnt think they should be responsible!?? Sooo , that'll probably cost me 3 or 4 hundered bucks. . I really should have that "over 50" exam done... need a dental crown on a couple of broken teeth (good ol dirt bike days), now yesterday, they say I need hearing aids!??? altogether 8 to 10 Gs!!...insurance wont cover, sooo ... Aint gonna happen any time soon. Besides....now I've got an excuse for not listening to my wife.. 
Wow... I am falling apart!  ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1117&sort=&pagenum=6" rel="nofollow - 64 American Skier 62 Classic.. 73 Ski Nautique |
Posted By: quinner
Date Posted: February-03-2010 at 3:15pm
Brian, Used to do quite a bit of "Clean Room" work, in Olyphant, PA did several projects for Specialty records, 1st CD mastering facilty in the US amongst them. What class is your room?
Have (2) clients that both owe us over $100k each + a laundry list of over $30k's not to mention Liens out the azz and recently filed a foreclosure lawsuit on a property. ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1143" rel="nofollow - Mi Bowt |
Posted By: hotboat
Date Posted: February-03-2010 at 3:43pm
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Class 5-6 or 100,000 to 1. I'm actually at the other end of things here so I don't have a wealth of knowledge out back. ------------- Brian |
Posted By: phospher
Date Posted: February-03-2010 at 3:50pm
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i'm more interested in how we got to this point in the first place to make sure it doesn't happen again. cause yeah, this sucks for just about everyone. ------------- |
Posted By: hotboat
Date Posted: February-03-2010 at 4:02pm
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Happen again? Thats optimistic! We better at least work on the fix at the same time. Everyone could stop purchasing any products made out of the country for the rest of the year, try? Our jobs got sent out of the country years ago except for the customers desiring the highest quality work or they just didnt have time to have it dun elsewhere for cheaper. ------------- Brian |
Posted By: phospher
Date Posted: February-03-2010 at 4:18pm
agree. it is optimistic, we need this *************** fixed and fast! ------------- |
Posted By: eric lavine
Date Posted: February-04-2010 at 12:04am
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15 years, since the last doctor and like you i need to get a little tickle in the back door to make sure things are allright, Ive lost alllllllll faith in the healthcare field, im the type if it dont hurt you dont go, they'll find something and aggrivate it and start scheduling the tests...i think a person knows when there is something wrong, everything is going down the hatch just fine and coming out the hatch just fine... I forgot i did have the boys clipped a few years back, only to keep the overhead down, 3 is enough ------------- "the things you own will start to own you" |