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ArchivesRecession Burger with Fries
January 15, 2009, 7:05 PM
What's a good business for slow times? A fast-food franchise.
TARP Funds Fail to Reach Small Businesses
January 15, 2009, 8:10 AM
The government has spent almost $1.6 trillion bailing out big financial firms, but almost none of the money is reaching community banks or small businesses.
Could There Be a Worse Time to Start a Business?
January 13, 2009, 10:20 AM
Did you start a business in 2008? If so, you’re probably cursing your luck.
Did Obama Shoot a Brick with SBA Pick?
January 08, 2009, 6:55 PM
Our president-elect is a pretty good basketball player. But some say he clanked his choice for chief of the Small Business Administration.
Get Ready for Stimulus Plan Politicking on Capitol Hill
January 08, 2009, 10:25 AM
Lawmakers reconvened this week for the 111th Congress. More than $1 trillion could be on the table when it takes up the president-elect's economic stimulus plan.
Changing Guard Bodes Well for Small Business -- So Far
January 02, 2009, 12:50 PM
The incoming Obama administration appears ready to elevate the Small Business Administration after years of neglect and crippling budget cuts.
A Legacy of Abuse Sinks a Small Business Program
December 18, 2008, 12:25 PM
As Washington scandals go, the failure of a small business program for veterans may seem minor. But it's emblematic of eight years of government mismanagement.
Putting a Human Face on the Economic Downturn
December 11, 2008, 11:25 AM
For many small business owners the recession is intensely personal and gut-wrenching. Their stories drive home the need for reforms in Washington.
Main Street Stands on a Recessionary Precipice
December 04, 2008, 10:10 AM
It's official, the U.S. is in a recession. The incoming administration must send a clear signal now that we have nothing to fear but fear itself.
GM's Survival Is Critical to Small Businesses
November 20, 2008, 11:30 AM
Some small business advocates and conservative lawmakers want all kinds of austere conditions attached to an auto industry bailout. But the bailout isn't about automakers. It's the economy, stupid.
Latest Comments in Business Intelligence posts
But, I do have a question. I originally agreed with the bailout for some of the banks, lenders, and even AIG. But seeing what they have done with the money they were given, I am highly disgusted. The government?s main purpose for giving the money was to loosen up the tight reins the banks had on lending at the time. They haven't done it. They are hording the money that was supposed to help out the economy and not just fill their bank accounts.
And as for AIG, it's not only shameful that they took their money and then had their company retreat (which they say was already planned, etc.) but then they came back and asked for more money when it became clear that another company retreat was planned. I like to think that the government money wasn't used for these trips, but one would think that since their company was in such trouble, these trips would have been cancelled long ago. In this type of situation, it looks as though they took the money and then flaunted it as though they were laughing at the American public. I know many people that had AIG as their insurer and have switched their policies.
Anyway, my question is - Where do we draw the line? Any major conglomerate can make an impact on jobs and I am all for keeping the jobs at this time, but really, where do we draw the line? Or actually, should I say, where should the Washington-ites draw the line on which companies should or should not get bailed out??
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Small business owners do not know what to do and this article just confirms that everyone must look for alternatives.
Sincerely,
Ilya Bodner
Small Business Owner
Initial Underwriting Group ...