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HARTWELL: Obama aborted the recovery

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posted on Jul, 12 2010 @ 01:11 PM
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The credit markets available to small business owners have all but dried up completely. Small businesses, just like big businesses, require loans to grow and hire new employees. However, unlike their medium and large counterparts, small businesses are still crippled by the frozen credit markets available to them. This is why Sam's Club is now offering small business loans to its members. Sam's Club for cryin out loud.

The banks have gotten their Obama dollars but they are just not lending it back out to those in the small business community due to the higher risks that they represent.

The govt. is throwing money at the banks through the new SBA program. But, they cannot force the banks to take the risks associated with actually issuing the loands to those in need and small businesses are still being denied SBA loans. These include loans to existing businesses that just need capital and those looking to start new businesses.

Unfortunately, with each and every loan that a SB owner applies for and is denied, their credit score drops making it even more difficult to get a loan.




posted on Jul, 12 2010 @ 06:22 PM
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Originally posted by whatukno
FOX News and Neo Cons do in fact try and create this fear that the sky is falling and if small businesses do anything to help the economy they will go under.


Reporting facts is not the same a 'making up' stories to "try and create this fear." Your only response is to just ignore the facts and fault the messengers. Sorry if Obama's failures are too hard for you to accept, but sometimes you have to face reality.


What good does adding "2 new employees apiece" do for a business with no new customers, falling sales, and higher expenses staring them in the face?


Because 2 new employees a piece then would be 2 new people earning a paycheck that could go out and spend that money at other businesses who also hired 2 new employees who would be earning a paycheck and would spend that at other businesses etc etc.


And the business gets the capital to hire them from where? You cannot hire if you do not have the income, or a reasonable expectation of it, to do so.

Your "answer" is pure fantasy.

You completely overlook the economic realities!

Again: How does a business with no new customers, falling sales, and higher expenses hire new employees, expand the business or otherwise add to his bottom line?


Is it really that hard of a concept?


It would appear so for you as you fail to address the LACK of business in the first place.


New employees = new consumers.


Nol That's exactly ass-backwards. Your failure to grasp this reveals your inability to address economics and economic reform.

jw

[edit on 12-7-2010 by jdub297]



posted on Jul, 12 2010 @ 10:22 PM
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reply to post by jdub297
 


Yes Sir and this new IRS mandate from what I hear out of the OBama administration. Well not help small business owners either.
[EW YORK (CNNMoney.com) -- With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law's sweeping demands into actual rules for taxpayers.

The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships, according to a report released this week by National Taxpayer Advocate Nina Olson.] end quote

I don't know but is this part for the new VAT (value added tax) right after the election in Novenber 2010 by Obama's Independent Committee.



posted on Jul, 14 2010 @ 08:14 AM
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Originally posted by whatukno
... FOX News and Neo Cons do in fact try and create this fear that the sky is falling and if small businesses do anything to help the economy they will go under.


Maybe you should include NPR in your list of fearmongers. Their story today on small business says EXACTLY what I've posted:
without new business, and in the face of tax and regulatory uncertainty fostered by Barack Obama, business owners CANNOT AFFORD TO HIRE ANYONE.

Listen to the story:

In past economic recoveries, small businesses generated much of the job growth. But this time around, hiring at small firms is lagging. What does that means for the recovery?
Sluggish Hiring in Small Businesses Causes Worry

You really do not want to accept the fact that Obama's policies are ruinous; their disastrous results need no 'hype' from the MSM or anywhere else. False hopes or claims of bloggers won't change that.

deny ignorance

jw



posted on Jul, 14 2010 @ 08:17 AM
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FEAR NOT - as soon as Republicans regain control in 2010 and 2012 the media will once again begin the war drums on economy, unemployment, the homeless (Remember them?), Iraq war, the environment, etc.

Then we'll get to hear about how it's cowardly to blame the previous administration (right now it's ALLTHERAGE).



posted on Jul, 14 2010 @ 11:17 AM
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reply to post by whatukno
 

FOX News and Neo Cons do in fact try and create this fear that the sky is falling and if small businesses do anything to help the economy they will go under.


And, if NPR isn't enough to dispel your notions that right-wing press has 'made this all up,' perhaps you'll consider what Congress' and Obama's TARP overseer says:

Elizabeth Warren, who leads the congressional panel overseeing the Troubled Asset Relief Program, said U.S. taxpayer bailouts helped Wall Street and not small banks.

TARP “worked really well for the Wall Street banks, but it didn’t work well for the rest of the banks in the system,” Warren said today ....”
Bailouts Failed to Aid Small U.S. Banks, Warren Says

So if local and regional banks can't lend, where do small businesspeople get their capital to hire new workers?

Ever apply for a loan; have to provide a business plan and proof of future earnings? Small businesses CAN'T!

Not because of bad press, not because of fearmongering, but because of bad policy and ruinous results.

Face it, Barack Obama is beholden to his big-money corporate contributors like BP (a foreign corporation he reviled in the SotU), Goldman-Sachs, and the labor unions who provide him cash and votes. He cares NOTHING about private-sector jobs and small businesses.

deny ignorance

jw



posted on Jul, 14 2010 @ 11:24 AM
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reply to post by whatukno
 


Actually No. Show of hands, Who is sick of YOU and you formulaeic replies extoling the virtures of a consistently failed philosophy?
Dont you have somebody to envy, oppress, steal from, execute, bury and them blame someone else? Quit stalin, you want a pol pot in every kitchen, doncha? THis way you'd be lenin your own lusts credibility.



posted on Jul, 14 2010 @ 07:23 PM
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Originally posted by mordant1
reply to post by whatukno
 


Actually No. Show of hands, Who is sick of YOU and you formulaeic replies extoling the virtures of a consistently failed philosophy?
Dont you have somebody to envy, oppress, steal from, execute, bury and them blame someone else? Quit stalin, you want a pol pot in every kitchen, doncha? THis way you'd be lenin your own lusts credibility.


mordant1,

What You Said


Yes, whatukno still believe in Hope and Change and Transparent Government. Yes, Obama's Government is Very Transparent, you can see it moving to wards Socialism.

Some people had and have that Tingle Running Up Their Leg and They Faint For Their Savior and Believe his wife for the first time in America is proud of her country, She is still a Racist and she's not proud to be an American and never has been proud, she believes everything about America Rev. Wright Screamed.
So YES, some people are upset that many peoples eyes are opening to the Evil of this person.

[edit on 14-7-2010 by guohua]




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