Half Right

A govt official came to Seattle to promotoe internaytional trade and had this to say:


The American economy is supported by businesses of all sizes.  Economic progress in our new, interdependent world begins with ideas and innovation often in small and medium-sized businesses. Yet ask any small business owner and they will tell you that access to credit is the single most difficult barrier to launching the next successful company.
The story of trade, then, can continue with entrepreneurs who take their ideas to a bank willing to give them a chance.  We need new companies to succeed, especially in light of productivity gains in so many sectors during the last few decades.
We need our local and regional banks across the country empowering our entrepreneurs, and the President has charged the Export Promotion Cabinet to work with the Small Business Administration and the Export-Import Bank and the resources of the Department of Commerce to make credit and resources more readily available.

Of course that is nonsense.  One needs savings, not credit.  It is time to cut back on these govt agencies.

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