The data is in, Romney/Obamacare and the Fed QE program is destroying USA paychecks and businesses. Expect more of the same. See Mish for the details...
or here...
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or here...
Feel free to forward this by email to three of your friends.
4 comments:
The article talks about a "credit crunch" for small businesses. But, as a small start-up business, we really do not have to depend on credit or loans? Small business startups shouldn't have much trouble when we rely on small, frequent orders with orders in hand (?) - so as long as the wealthy customers we serve in the high-end specialty stores are still buying the unique products that we have to offer?
As a small business owner continually developing unique products, shouldn't we be in a better position to weather economic downturns?
John,
Can you clarify what you mean by "Export more of the same"?
Boy, did I have to think that one through... it was a typo, which I've corrected... "Expect more of the same" economic policies. They will not change course until there is blood in the streets, and if they do change course, well, there will be blood is the streets. They went way too far with the 2008 bailouts...
And right, as a start-up we are immune, but our customers are getting hammered because every day the banks are open they are yet again bailed out. These policies are killing the USA economy.
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