THE PRESIDENT: The small businesses I talk to --- and I've been talking to a lot of them as I've been traveling around the country over the last several months -- their biggest problem is right now they can't get credit out of their banks so they're uncertain about that. And they're still uncertain about orders -- do they just have enough customers to justify them doing more.
It's looking better at this point. But that's not the rationale for people saying, I'm not hiring. Let me put it this way. Most small businesses right now, if they've got enough customers to make a profit and they can get the bank loans required to boost their payroll, boost their inventory, and sell to those customers, they will do so. Okay? From here.
I've made a couple of posts about it. This moron president thinks that loans are profit. He thinks about the economy in terms of how well the banks are doing. Match that with how he's handled the investment industry and you find that he can't think past debt. To Obama, as long as you have cash to spend, regardless if it's from taking on debt, you are profitable.
If you have time, you can build a business without loans. I have. It took twelve years. Profits from the first product paid for the development of the second, whose profits paid for captital equipment, and so on. GROWING a business past a sole proprietor point may well take loans. But we will talk about that and consider it after the next two elections. I would love to hire people, but it's not on the table till these filthy scum are flushed.