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Bernie Marcus, Co-Founder of Home Depot Interview - Minces No Words, Takes No Prisoners

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Real Estate Agent with Retired

Bernie Marcus, one of the founders of Home Depot is featured in an interview from one of the reporters of a local Atlanta TV station. He is not kind to this administration, nor to Bush, with his analysis and insight into how small business owners are being hurt. He points out that Home Depot could not have been created under this administration. He makes suggestions on what and how to fix things.

When asked about the current package design to help samll business he is quick to point out that it is a feel good piece of legislation that will probably fail. While large companies like GE/GM/etc could benefit small businesses won't, from things like a single year acclerated investment depreciation. If a small business does not know what liabilities will be facing it that business will be less likely to invest in capital improvements. Larger companies, such as GM do not have the same concerns.

He also points out that while a small business owner may make over $250,000 one year, that during the previous, or the next, they may lose money. And that difference between the taxes that they will pay under the higher tax structure might make the difference.

I was somewhat surprised to see this interview on the late news as it was very critical of the administration. I commend Channel 11 for being balanced and airing an opposite view from what many of their stories are.

The full interview is over 18 minutes long but worth listening to:

A shorter, 3 min 22 second excerpt was what was aired on the news program last evening, over 10% of the broadcast news time.

Comments (8)

Kenneth Cole
Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com... - Staten Island, NY
NYS Licensed Real Estate Salesperson

Fantastic information.  Thanks.  I sent this to our local good guy running for congress against a Cap & Trade guy.

Sep 24, 2010 12:22 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Mike...Thanks for sharing.  I had not heard this before.  I saved it and need to listen again.

Sep 24, 2010 01:42 PM
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

I met Bernie a number of years ago.  The guy is obviously pretty smart. 

Sep 24, 2010 04:12 PM
Mike Saunders
Retired - Athens, GA

Kenneth - hope he checks it out

William - he is a smart businessman

Lane - have not had the opportunity but certainly hope that I get to meet him some day

Sep 25, 2010 02:46 AM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

He was on CNBC last week and he minced no words there either.  He started from the bottom and worked up and understands what some administration policies do to the "little" guy.

Sep 25, 2010 01:22 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Congratulations this post is now featured in the Silent Majority Group of Active Rain.

Sep 26, 2010 07:41 AM
Mike Saunders
Retired - Athens, GA

Jay - and he brings out the point that almost no one in the administration has any real world buisiness experience

Nick - thanks

Sep 26, 2010 09:15 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

No one in Obama's White House has every held a job greater than community service - hope and change without experience 

Sep 27, 2010 02:00 AM