Category: Small Business

OPERATION CHOKE POINT: THE GOVERNMENT’S COVERT WAR ON SMALL BUSINESS


But a growing number of business owners believe they know why they’re being cut off from the financial system. It’s Operation Choke Point, ostensibly an attempt to crack down on fraudulent businesses, but in reality a dragnet that has ensnared innocent entrepreneurs unfairly classified as “high-risk” players.

Earlier this year, FDIC chairman Martin Gruenberg told Congress that Choke Point was over, but many business owners believe the FDIC and DOJ has passed enforcement duties along to a newly created independent agency: the Consumer Financial Protection Bureau (CFPB), the brainchild of progressive senator Elizabeth Warren (D-Mass.). The CFPB operates under the guidance of the Federal Reserve and doesn’t rely on Congress for funding, which critics say allow it to operate without any meaningful checks on its power.

http://www.infowars.com/operation-choke-point-the-governments-covert-war-on-small-business/

Clinton Backs Massive Wage Hike that Threatens Small Business


Hillary Clinton

“Governor Cuomo, by executive fiat, just set the precedent that if you spend millions of dollars organizing made-for-TV protests then he’ll reward you with a whooping wage hike,” Pratte said. “Unfortunately for the SEIU, the new $15 dollar-an-hour new dues-paying members that they so desperately seek will probably end up being replaced by self-ordering kiosks.”

Surveys of local businesses have pointed toward job losses, hiring freezes, and higher prices as owners struggle to pay wages that are more than twice as high as the $7.25 federal minimum. The Employment Policies Institute, a free market think tank, surveyed nearly 1,000 franchise operations in the state in the weeks leading up to the wage board’s recommendation and found that about 20 percent of them would “very likely” shut down with the massive wage hike.

http://freebeacon.com/issues/clinton-backs-massive-wage-hike-that-threatens-small-business/