It is undisputed that the majority of job growth comes from small businesses.
Logically, one would think that the best strategy in the current economic environment would be to help the small business owner.
However, the TARP bailout funds have been lavished upon major banks, who used the money to improve their balance sheets and pay bonuses to top executives.
But nothing is going into the market to stimulate lending.
I am seeing small business owners having their lines of credit pulled for no reason other than the bank wanted the capital back. It made no sense because these business owners had no defaults on their loans and their payments were timely.
The government’s plan to raise taxes will be a stake in the heart of small businesses. If you are a small business owner, or are employed by a small business owner or just want to see the economy improve, you need to read this analysis available at WSJ.com.
When my dentist will pay a greater percentage of income tax than Google, there is something breathtakingly stupid occurring.
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