Small Business Getting it again
Posted by Martin Harshberger on Sat, Jul 18, 2009 @ 02:58 PM
CIT is in the news the past few days. They want another bailout. Yes they already had one, but now they need another. Obama is going to get tough and not give in though. If you think that’s good news you need to understand who he’s getting tough with. Not just another big business but thousands of small businesses that rely on CIT for inventory and receivable funding. Once again small business will bear the brunt of government’s lack of awareness and understanding of real world issues. I guess the big money lobbies haven’t had time to explain this story to them.
I keep asking when are we going go finally get sick enough of government ineptitude to do something? GM was “too big to fail”, but thousands of small businesses are apparently not.Remember 80% of new jobs come from small business.
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