Small businesses DON'T WANT TO BORROW MONEY. Is this a difficult concept for you to understand?
The mid-year economic report released on Wednesday by the National Small Business Association disagrees with you:
NSBA has been asking small-business owners if their business had been impacted by the credit crunch since early 2008. In February 2008, 55 percent responded that it had. In August 2008 that number jumped to 67 percent, and continued to rise to 69 percent in December 2008 and hit a high of 80 percent in July 2009. Despite a slight easing in December 2009 down to 78 percent, the number today is back up at its highest point. Eighty percentfour out of fiveof small business owners report that their company has been impacted by the credit crunch.
The availability of capital is a critical component to business growth and job creation for small businesses. Since 1993, when NSBA began asking these questions, there has been a direct correlation between access to capital and job growthwhen capital flows more freely, small businesses add new jobs.
Among small-business owners for whom capital availability has been a problem, 44 percent state that they have been unable to grow or expand the business, and 20 percent state that they have been forced to reduce their number of employees. Perhaps even more worrisome is the growth in small businesses that report they are unable to increase inventory to meet demandup from seven percent in December 2009 to 12 percent today. This means that, although growth opportunities exist for these businesses, they are being held back by a lack of capital.
It's pretty obvious that conservative lenders are holding back hoping to hurt Obama.
They had an orgy of deregulation under the Republicans and were able to squeeze trillions out of the American Middle Class. They think if they can get Republicans back into to office, they can "finish the job".
They don't seem to understand a strong and financially sound Middle Class is "good for business". All they know is "Get it while you can".
You are a blind partisan, "deeno".