Posted on 10/21/2009 11:57:26 AM PDT by NormsRevenge
I do believe you are correct. Many small businesses have spent the last 18 months changing their cost structure to survive in the new economic environment. The last thing they are going to do is add cost via borrowing to hire some new people or invest in plant and equipment.
We are going to wait for the demand to appear before adding significantly to overhead and especially before borrowing.
The damage is done ... they just now figured out that small business got creamed in the last year?
Madness.
schu
Bingo.
But
But
But..
There’s still hundreds of billions to dole out .. they wouldn’t lie, would they? ;-)
the presses are working overtime.
zimbabwe , here we come.
This seems more than passingly strange to me - does he have a blank check on the stimulus funds, e.g. he can do whatever he wants to do with the funds? It seems that picking those to help out may be those with Democrat connections, sort of like a slush fund with taxpayer money.
We seem so screwed.
my my my....slashing Wall Street pay, redirecting Stimulus funds, floating a job creation tax credit....Barry has been busy sticking that moist finger in the wind today, thanks to Rasmussen....
That nails it....what's even worse is those who still have money, aren't spending it.
Anyone who isn't brain dead sees what's coming and unless you're an actor or a sports figure, you're not spending.
What do you want to bet that this isn’t what it seems? What do you want to bet that there are LOTS of strings attached?
Amen!
1) any unbiased audit will find more money going to dems
2) is the mo’ debt, new debt, or are they calling this some of the same old debt?
3) who pays for this eventually?
4) does 0 get to micromanage the businesses afterwards? answer: of course
if it’s 0, it must be bad for America somehow.
Sure. Borrowing money in this climate is suicide. Customers have no money to spend.
Just get the Hell out of the way.
Pelosi, Reid, and BHO, if you want to see job growth in the private sector, what you need to do is fundamentally change your stunningly disrespectful attitude towards business people and start to listen carefully to business people and fully consider their viewpoint. You need to drop this outrageous cap and tax plan, which is based on totally outdated and discredited science (absolutely not the best science available as the EPA said in it’s latest lies). If you want to understand the latest science and why global warming is a complete hoax pushed by supporters of global income redistribution and global government, start right here at FR by reading, respecting, and fully considering the threads under the globalwarming keyword.
I have some news for you democrat leaders: except for a few very liberal companies on the west coast, the business community now despises the democrat party and this administration and business people are going to only hire people they absolutely have to hire between now and the 2012 election, because they want high unemployment to hurt congressional democrats and BHO in the 2010 and 2012 elections. Republican business people are calm, professional people who don’t make a lot of noise. They are the backbone of this nation’s economy, and they’re very smart and certainly bright enough to figure out how to sabotage the democrats in 2010 and 2012. Unless there is a major change in attitude by the democrats and some major policy changes, business people nationwide are going to cause crushing defeats at the polls for democrats in 2010 and 2012. Mark my words, unless there is a major change in attitude and policy by democrats and the White House, you’re not going to see any significant job growth ALL the way into 2012. This will be the most jobless recovery in history by far without that major attitude adjustment and policy change.
...and if we can’t afford to cut taxes because of budget deficits, at least don’t try to RAISE taxes massively during a recession with this idiotic, treasonous cap and trade bill. See post #52.
The SBA will be funded?
... that's assuming your friendly banker is even in a lending-mood at the moment. Most are not.
I had a major customer that owed me a nice chunk of money for almost 1 year. The problem was precipitated by his line of credit getting yanked and replaced with a much smaller one at another lending institution. Said customer decided to make his smaller vendors shoulder his deficit for him.
Timmy’s not looking too happy there. He knows he’s on a sinking political ship and the captain is a hard-core socialist and income redistributionist who knows nothing about economics.
No, better never. Don’t you get it? They are buying us with our own money. It’s a cookbook!
So do we get all the money back that banks got for doing nothing?
So by now every small business that is in trouble won’t qualify for a loan from the wonderful SBA. Only healthy businesses will be able to get a loan.
Big help.
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