09-01-2012, 12:11 AM
Swampy: "The stock market says little about what is happening to small businesses. Mom and pop's with less than 50 employees can't borrow money to expand, replace old equipment or invest in new technologies, give employees raises, or hire new labor. That is the "back there" you need to be talking about.
And you haven't even touched on how inflation has eaten into the value of invested dollars."
You know, you are right. I didn't think of that.
How much HAS inflation eaten into the investment dollar between January 2009 and last night? Link?
Mom and Pop can't borrow money? From who?
The Government or a Commercial Bank?
I know that Government lending is something you are steadfastly against, so I can only assume you mean no loans from Commercial Banks. So then, in fact, you have a beef with the Banks, not Barack. FYI - present Federal Fund Rate is .25%. Look again. Not 25%, but one quarter of one percent. You'd think a Bank could seed Mom and Pop with a loan when the Bank already pays essentially nothing to get money from the Fed.
And Mom and Pop have 50 employees, so they are a small business? Really? Would you please provide a LINK to the SBA that defines a small business as "49 or less employees". Here's a hint.
Bechtel Corporation.
52,000 employees.
Total revenues for 2011, $32.9 BILLION.
According to the Small Business Administration, they qualify as a small business.
Looks like Mom and Pop have some stiff competition for their small business. No wonder they're screwed.
And you haven't even touched on how inflation has eaten into the value of invested dollars."
You know, you are right. I didn't think of that.
How much HAS inflation eaten into the investment dollar between January 2009 and last night? Link?
Mom and Pop can't borrow money? From who?
The Government or a Commercial Bank?
I know that Government lending is something you are steadfastly against, so I can only assume you mean no loans from Commercial Banks. So then, in fact, you have a beef with the Banks, not Barack. FYI - present Federal Fund Rate is .25%. Look again. Not 25%, but one quarter of one percent. You'd think a Bank could seed Mom and Pop with a loan when the Bank already pays essentially nothing to get money from the Fed.
And Mom and Pop have 50 employees, so they are a small business? Really? Would you please provide a LINK to the SBA that defines a small business as "49 or less employees". Here's a hint.
Bechtel Corporation.
52,000 employees.
Total revenues for 2011, $32.9 BILLION.
According to the Small Business Administration, they qualify as a small business.
Looks like Mom and Pop have some stiff competition for their small business. No wonder they're screwed.