Obama is pressuring banks to lend money to failing businesses. This is of course a waste of taxpayers money. A failing business does not need a loan, it needs customers. If it gets customers, it does not need a loan. If it cannot get customers, it does not need a loan. This may soound simplistic, but the people going out of business modeled their biz on a false complexity. Probably every failing failing small business could be saved if the owner were just to get back to basics.
Wednesday, December 23, 2009
Subscribe to:
Posts (Atom)