There was no commercial paper for the regular operations of businesses.
Paulson was Iago to Bush.
Despite emergency stimulus measures, small business lending continues to fall.
:::::::;
That is because no one wants ANYTHING to do with socialism and its ugly consequences. No confidence. People are scared and they do not want to lend money or borrow it. And for good reasons.
Money is being diverted to the public sector by Obama policies.
I am a self employed investment and insurance guy.
I often go into debt, on an advertising campaign, with confidence that I can pay off the debt in short order, when the sales come in.
I am not so confident.
So, I do not borrow much.
So, the advertisers do without my money.
Who can predict what will happen? Why should I invest in a future that I can not predict within a reasonable margin of error?
anyone that thinks obama cares about small business
has not been paying attention.
It was my understanding that SBA loans were primarily focused on small businesses that hired employees, rather than providing funds for sole-propreitor businesses. So, this is a focused part of the market, not the entire small business market.
Government “stimulus,” cap-and-trade, etc... is all money for big business.
You can really only stimulate small-business by lowering income and capital gains taxes.
Obama to Fannie, Freddie, Acorn, AFL-CIO: Wallet is open.
Obama to small business: Drop Dead.
A buddy of mine works for a large communications and wireless company and he said that they had an emergency round of lay-offs due to a spike in small business failure.
They didn’t lose the accounts to competitors. He said they disappeared.
The folks that got canned were all experienced men and pigmentally challenged. I guess that there will be no filing of grievances for discrimination.
The next round is coming up in November.
2. Many small businesses are discretionary spending, like restaurants.
3. Obama's health care costs on small business is looming, but unknown.
4. Tax increases are looming, but unknowm yet.
There is tremendous over capacity anyway, so there is no need to invest or expand yet.
Obama’s fault.