Comments on: Obama’s $30 Billion Small Business Plan – More Money Isn’t needed

By: Gary

Gary — Mon, 08 Feb 2010 21:23:48 +0000

Ron where do you find the time? As usual you are on it.

By: Clint

Clint — Mon, 08 Feb 2010 03:49:04 +0000

Ron,

Good article. Another interesting point is that the banks are currently borrowing from the Fed at historically low rates and can make great returns by putting the money in short-term investments rather than lending the money. As a result, they don’t have much incentive to make loans right now.

By: Kevin fullerton

Kevin fullerton — Sat, 06 Feb 2010 15:45:48 +0000

Interesting perspective on the current banking environment. Being that small business owner who chose to only borrow sparingly to get started and always not wanting to be in debt took my 20 year note and paid off in less than 5. Later did have to go to the bank again for a house did the same 20 for less than 5 again. But that said a few months ago I choose to pursue the clunker cars and after approaching several dealers 9 decide to go with me and being in a bit of a rural area i not only had the cost of the 590 cars but the added expense of hauling that many in a very short time. We also bought another used loader and 2004 Big Mac Crusher. My Local bank has been very good to me and anytime before when i thought i might need to set up a loan it was portrayed as just come in and sign the papers, until now. When i approached the bank this last time the atmosphere was much more subdued even somewhat like, hey if you can do it on your own probably be better, not that my local bank and friends did not want to but it seemed as someone did have a hold on them. I ended up not needing the extra bank money and they most likely would have worked with me.I think like many things before we get back to common ground the pendulum must swing way to far both ways and we in business should conduct ourselves as best we can and in the circumstances we do have control over to be able to duck and not get knocked out until we can go back to doing business on both sides and making a profit.

I usually always read your stuff thanks for taking the time to write it.

A goverment who can provide you with all that you want is the same one who can take all that you have. Thomas Jefferson

By: Kristy

Kristy — Sat, 06 Feb 2010 03:31:39 +0000

Right on, as usual.

By: Audie

Audie — Fri, 05 Feb 2010 22:29:45 +0000

great perspective. I always learn something from you.

By: JR

JR — Fri, 05 Feb 2010 20:36:35 +0000

Having my Mother run a Federal Credit Union, I have had experience with examiners. They are just like mathmaticians and can only see black and white. There are no variables, only rigid facts. They are not foresighted people who want to see the good or best interests, they are in the business of finding only the negative. It’s a mentality that should be changed to allow capitalism to flourish again.

By: Eldon

Eldon — Fri, 05 Feb 2010 20:23:23 +0000

Right on!! I Agree.

By: ojohnny

ojohnny — Fri, 05 Feb 2010 19:18:26 +0000

See where Congress passed a two billion dollar bill to relieve bankers’ mistakes. You can always count on us helping those who have lost part of their fortune, but our whole history records nary a case where the loan was for the man who had absolutely nothing. Our theory is to help only those who can get along, even if they don’t get a loan.

-Will Rogers, January 22, 1932

Seems the only thing that changes is the number of billions.

By: Joe

Joe — Fri, 05 Feb 2010 19:07:38 +0000

The big government types believe their intervention is all that will help. In the words of Thomas Paine, “Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one.

By: John Sears

John Sears — Fri, 05 Feb 2010 19:06:28 +0000

Good paper….I agree.
I heard the other day that not one person in the Obama admin. comes from the private sector and they’re telling us how to write a P&L statement…..go figure!