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How will President Obama affect Business?


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Will the election of President Obama have a positive or negative affect on business?

 

I don't think he knows...nor does anyone else.

 

In a way it's an unfair question since the mess is massive and unfixable. It took decades to create it and it can't be put together now. It has to crash, and it will (what we have seen so far is not the big crash...instead this is just the pre game show).

 

The question is really how bad and how soon. Will it be bad or horribly bad? Odds are that he will make it far worse by repeating the same policies, just at a more intense level, that have taken us to where we are.

 

Massive spending, borrowing and printing of money at a rate never seen before. The dollar will eventually crash and extreme inflation will follow.

 

Shops will be increasing prices frequently, possibly daily. This is going to be a wild ride.

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People say Obama has leadership quailities that can ignite the ecomomy. Is this a factor in our recovery? Or are we too far down the slippery slope?

 

I think he can affect things, so he is a factor to a point.

 

But, no one can fix the mess due to its depth and size. It will need to crash first, then it can be rebuilt. The window for fixing it has long since passed.

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I think he can affect things, so he is a factor to a point.

 

But, no one can fix the mess due to its depth and size. It will need to crash first, then it can be rebuilt. The window for fixing it has long since passed.

 

 

The president is only as good as the people that he surrounds himself with. Take a look at the past few days and the coming days for appointments. The market rallied after finding out news of who is going to be a part of his administration.

 

This mess is too big for one man to fix. The problem was created in years and they want to fix it in a month.

 

It's like an old lady who goes to a cosmetics counter to get some wrinkle cream, and finds out that the wrinkles are still there. Well...she worked many years to get to those wrinkles, I don't think a little cream will make them disappear...same with this bailout bologna!

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  • Have you checked out Joe's Latest Blog?

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      I recently spoke with a friend of mine who owns a large general repair shop in the Midwest. His father founded the business in 1975. He was telling me that although he’s busy, he’s also very frustrated. When I probed him more about his frustrations, he said that it’s hard to find qualified technicians. My friend employs four technicians and is looking to hire two more. I then asked him, “How long does a technician last working for you.” He looked puzzled and replied, “I never really thought about that, but I can tell that except for one tech, most technicians don’t last working for me longer than a few years.”
      Judging from personal experience as a shop owner and from what I know about the auto repair industry, I can tell you that other than a few exceptions, the turnover rate for technicians in our industry is too high. This makes me think, do we have a technician shortage or a retention problem? Have we done the best we can over the decades to provide great pay plans, benefits packages, great work environments, and the right culture to ensure that the techs we have stay with us?
      Finding and hiring qualified automotive technicians is not a new phenomenon. This problem has been around for as long as I can remember. While we do need to attract people to our industry and provide the necessary training and mentorship, we also need to focus on retention. Having a revolving door and needing to hire techs every few years or so costs your company money. Big money! And that revolving door may be a sign of an even bigger issue: poor leadership, and poor employee management skills.
      Here’s one more thing to consider, for the most part, technicians don’t leave one job to start a new career, they leave one shop as a technician to become a technician at another shop. The reasons why they leave can be debated, but there is one fact that we cannot deny, people don’t quit the company they work for, they usually leave because of the boss or manager they work for.
      Put yourselves in the shoes of your employees. Do you have a workplace that communicates, “We appreciate you and want you to stay!”
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