With some well know beltway spin, Mr. Obama somehow
determined that the purchase of this building saved 10 jobs and will soon
create another 10 jobs.I’d love to know
how that actually saved jobs and how it will somehow create 10 more…?
The macro economic impact will be significant in the short
term as it is very likely businesses will hoard cash and reduce investment
plans in the near term, which will not help our economy.
So, perhaps even a better question
would revolve around “economic indicators” that we can plainly see which will
indicate the recession is over from a practical, not technical, perspective.
Like most
industries, the business loan alternative industry has continued to mature and
offer different financing potions that are less expensive and have different
requirements for the borrower.
If you have every looked for working
capital or a small business loan for your business, you know how
frustrating the process is. Today is even more difficult.
So, the SBA can’t afford to make these small business loans, the
banks do not want to make the loans, it is not a solution for the
business owner’s problem or a solution to the recession. So, why
develop and promote the ARC program?