This issue needs a strong political voice on Obama's Team
I would add to your comments that it is my observation that the most efficient users of capital are small/microbusiness. You put $17.4 billion in the hands of small entreprenuers and they will create jobs, innovation and new industries will be created. They have not learned how to waste capital trying to save last centuries industries and they can put that capital to work NOW.
The pipeline of projects are already there ready to go. The SBA and the SBIC lenders already have thousands of applications in the queue that are going to waste. Many of them have requests for additional capital from existing loans that they could approve, probably saving more than a few home mortgages. Raise their lending limits, cap their rates, increase the amount of leverage they are allowed, fast track the application approvals and REQUIRE they put the whole amount to work by March 31st.
I have never seen an application for capital that did not include money for hiring people. This could be done very quickly with immediate impact.
Let's find a political voice for this, please.
Tom Marsh
of CA
@
Dec 21, 2008 12:20:34 PM
job creation
I couldn't agree more: and beyond microbusiness as going concerns, is the necessary development of new businesses from the knowledge resources of the recently unemployed/underemployed. This entrepreneurial effort must be supported and nurtured by several sectors: the workers themselves; the government; and corporations, who will benefit from the use of generated knowledge capital.
-Ian Miller
http://accordadvisorygroup.blogspot.com
Ian Miller
of NY
@
Dec 01, 2008 18:56:18 PM
Good point, Leo, about mobile homes. They are the future antidote to homelessness worldwide. And there is NO reason for these to be a toll used to scam people via the financing.
of
@
Nov 26, 2008 09:57:50 AM
The smaller elements of society yearn to be heard!!!
I am in agreement with the above evaulation of jobs being produced by the smaller entities and deserve at least as much attention to the bail-out efforts as larger attention getters, but also in the housing sector, I "Presume" there is a larger populace (at least down south here) of our nation residing in modular and mobile homes. IF NOT FOR THE MOBILEHOME INDUSTRY, THERE WOULD BE THOUSANDS OF INADAQUATE "SHACKS" USED AS RESIDENCES. I DONT HEAR ANYTHING ABOUT ANY EFFORT TO RENEW ANY MORTAGES FOR THEM. MOST OF THEIR MORTAGE INTEREST`S ARE RIDUCLEOUS, (MINE IS DOWN FROM 13% TO 10.99%). THE POOR OF THIS NATION HAVE BEEN DECEPTIVALY TAKEN ADVANTAGE OF FOR A VERY LONG TIME.(My apologies for the switch to all capital letters, but maybe that was done supernaturally to shed a greater interest on this factor). If you have any influence up there, how about spotlighting our thoughts and efforts down here. It`s our "BAIL-OUT" too!!! Thank You---Leo.
Leo Harrison
of GA
@
Nov 26, 2008 09:31:32 AM
www.usnews.com/smallbizcenter
The December 1-8, 2008 issue of U.S. News identified an article "Best Small Businesses to Start" which could be accessed on line. I attempted several times to locate the article with no success. Where is it? Thanks,
Tom Marsh of CA @ Dec 21, 2008 12:20:34 PM
Ian Miller of NY @ Dec 01, 2008 18:56:18 PM
of @ Nov 26, 2008 09:57:50 AM
Leo Harrison of GA @ Nov 26, 2008 09:31:32 AM
Andy Chaloux of TN @ Nov 25, 2008 18:35:22 PM
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