Why There Are No Jobs In America

Newsletter | Nov. 18, 2010 | Porter Stansberry

[mississippi red-neck]

In my sixty-five years I have worked for a couple of large corporations and members of my family has had and some still have small businesses.

I don't where you get your information from unless it is from tax lawyer for big business but it is garbage.

Anyone who would invest his time,health,and money to start or stay in something as risky and stressful as running a business with no hope of greater than 3.5% return is either lying about his return or a complete and utter idiot, and so is anyone who would invest in or loan money to such.

I know what businesses where getting and what the business plans expected when you presented one to a financial institution while you where applying for a loans in the fifties and sixties.

Maybe now that so many of the corporate world is corrupt and on welfare they no longer have to prove they can or even intend to make a profit or even start or build a business.

Maybe they just present a plan and the banks don't really care about the loan qualifications or the character of the one applying since the taxpayer will saddled with any short falls and the bank or their management will suffer any consequences for their bad decisions.

[econjack]

Everyone submits a business plan with the expectation of huge profits. Indeed, my guess is that no one seeks a business loan submitting a plan that shows a long run loss. However, it rarely turns out that way. Nine out of ten restaurants, for example, fails in the first year. Take the winners and losers and you end yup with a 3.5% average profit rate. Look it up...