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Title: How To Fail In Business While Not really Trying
Source: [None]
URL Source: [None]
Published: Dec 10, 2010
Author: (laughing)
Post Date: 2010-12-10 17:45:19 by war the dicksucker
Keywords: None
Views: 2732
Comments: 2

The Obama Administration wants Americans to believe the economy is beginning to turn around and that President Barack Obama’s efforts are starting to result in more and more “saved and created jobs.” Ask Rick Misch for his assessment of the economy, however, and you’ll find the economic picture he sees daily isn’t as pretty as the one painted by politicians.

“I know there simply isn’t any real ‘job creation’ taking place,” said Misch, president of Ohio-based Phoenix Research Inc., during a recent phone interview. And he should know.

Phoenix Research is a courthouse research company Misch and business partner Bill Brown launched in November 1997. The company provides on-site criminal records checks for some 750 employment screening companies across the United States by way of a network of approximately 1,500 subcontractors working in almost every county in the nation.

A look at his company’s growth is revealing:

Ã2;By April-May 1998, Misch said, the company had hit its stride; Ã2;By 2000, the partners had paid off all of the company’s start-up costs and relocated from Cincinnati to Mt. Orab, 60 miles due east in Brown County; and Ã2;By 2001, Phoenix Research employed nine people, including Misch and Brown, and was handling approximately 3,000 individual criminal history searches per day — including 250 to 350 in Los Angeles County alone. In addition to providing a decent living for its owners and employees, the enterprise provides Misch a great deal of insight about the state of the economy.

“One thing that was consistent from basically 1998 to 2008 (was that) I could accurately predict within one-tenth of a percentage point what the unemployment rate was going to be the following month,” he said. “I knew it before anybody in the media did.”

In May 2009, however, Misch said his numbers and those coming out of Washington, D.C., began, inexplicably, to diverge, though he had not changed the way he calculated his predictions.

Misch alluded to having suspicions about reasons behind the government’s variance, but opted not to pursue them. Instead, he simply explained how his numbers paint a terrible economic picture of actual unemployment “north of 20 percent.”

“We were a multi-million-dollar-a-year business just 36 months ago,” said Misch. Now, Phoenix Research employs only five people and is now only a few months from bankruptcy, largely due to the fact that the company is handling only 150 criminal history searches — or five percent of normal — on a daily basis.

“We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama!

“As a small business owner and as veteran, I’ve never looked to the government to do anything for me; I’ve never asked the government to do anything for me,” he said, “but I can tell you this, this Congress and this administration hasn’t done a thing that can help me.

Even with the so-called “hiring incentives” in place?

Misch explained why business owners are not taking advantage of the tax credits being offered by the Obama Administration.

“They want to give me a $3,000 tax credit if I go out and buy all new computers. But why would I go out and buy all new computers when my computers work fine and I own all my own file servers, but I don’t have the business to support the expenditures in the first place.”

The same thing goes for job creation, he explained, citing the government’s offer of tax credits for companies that hire individuals who’ve been unemployed for some lengthy period of time.

“Why on earth would I fill a job that’s going to cost me $25,000 a year minimum to get a $6,000 tax credit and have a person sitting around with nothing to do because we don’t have the business? It doesn’t make any sense!

“It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game,” he said. “There’s no incentive for small businesses to hire.”

Of course, the Obama Administration would accuse Misch and Brown of being greedy. But nothing could be further from reality.

“My business partner and I have cut our salaries six times during the last 18 months,” Misch said.

Cross-posted 4/17/10 at BigGovernment.com.

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Tags: · bankruptcy, Barack Obama, bill brown, Bush, Business Owner Says Economy Not Turning Around, cincinnati, Clinton, Congress, criminal records checks, cut taxes, cut taxes across the board, Economy, economy not turning around, employment, employment screening, employment screening companies, hiring incentive, mt orab, Obama, obama administration, ohio, phoenix research, phoenix research inc, president barack obama, rick misch, saved and created jobs, small businesses, tax credit, taxes, unemployment rate, venture capital, we are being killed under obama, we made money under bush, we made money under clinton

7 responses so far [5; 1 » Financial News Update – 04/15/10 NoisyRoom.net: There are two ways to conquer and enslave a nation. One is by the sword, the other is by debt. John Adams // Apr 15, 2010 at 1:25 pm

[...] Business Owner Says Economy Not Turning Around [...] 2 Jim Smith // Apr 17, 2010 at 2:02 am

I am sorry but not buying. Obama stepped into a GOP recession. Firms of course were doing great when there was a bubble, but the bubble burst while Bush was still in office. It was Bush that started the bailout. So now all of the blame goes to Obama because he inherited the GOP mess? Obama has pulled off an economic miracle; taking an economy that was ready to fall off the cliff thanks to the GOP and getting us back form the brink. Sure, the “good old days” have not come back, but the bubble was never real—it was Wall Street manipulating and everyone using their homes as an ATM. Obama is trying to build real wealth and create another American century, based upon US leadership in energy and educating and controlling health costs. Those are the things that will make America competitive against the rest of the world. Its time to realize it was the GOP that is largely responsible for the current deficit. Obama has lowered taxes for millions, and yet the GOP and tea baggers have the nerve to accuse the DEMS of being the tax and spend party. I guess if you tell lie often enough, you can get some people to belive it. 3 jlibertas // Apr 18, 2010 at 3:39 am

Jim Smith= Ignorant communist, a hater of the United States, a traitor. Go back to the Motherland, Komrade, and take your Kenyan-born muslim affirmative action president with you 4 Theresa Misch Adkins // May 3, 2010 at 9:51 am

Great article Rick! 5 Ben Doverick // May 4, 2010 at 10:04 pm

What a steaming pile. Google this guy’s name. He’s all over websites promoting the neocon orthodoxy. And he’s ugly looking to boot. 6 Ben Doverick // May 4, 2010 at 10:09 pm

What’s he need the gun for? Is that how he reduced his staff from 9 to 5? 7 yukon // May 11, 2010 at 10:00 pm

“Why on earth would I fill a job that’s going to cost me $25,000 ”

That’s what a good paying job looks like in Ohio? Leave a Comment

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#1. To: war the dicksucker, All (#0)

Reporter to Gibbs:

"What is the President's response to the TOTAL rejection by the House Democratic Caucus of his Tax Deal Package?"


"What are you talking about?


"Turn on your TV."

LaughFuckingRiot. TV don't know shite. Humpty Dumpty fell off the wall.


mcgowanjm  posted on  2010-12-12   9:25:32 ET  Reply   Trace   Private Reply  

#2. To: All (#1)

Best MSM question today:

"Why aren't there Any Christmas Movies this year?"

"Cause no one's in the mood for Christmas!!!!"

Hollywood knows. So does the Imperial City.

mcgowanjm  posted on  2010-12-12   9:28:09 ET  Reply   Trace   Private Reply  

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