Small Business? You Don’t Deserve a Bailout!

As a small business, you are small enough to fail and too small for a bailout. Although both parties have voted so far for trillions of dollars to save big banks and some big corporations, Senate Republicans are now calling the proposed $30 billion credit and tax break bill for small businesses a bailout, and as such want to block it.

This in spite of the fact that there seems to be universal agreement that it is the small business (under 50 employees) that is responsible for over half the new jobs in any economy, booming or busting. And there seems to be plenty of data suggesting that in previous busts, small employers were the ones who helped pull the economy back out of the bust.

Pro-Business Republicans Against Small Business?

So the question is, “Why are supposedly pro-business Republican Senators trying to stop the passage of this bill?” They say we have to curb spending and that the deficit is too high. The Democrats say that it is to deny the Democrats “success” in job creation leading up to mid-term elections in November.

NY Times Article – Who’s Right?

A recent article in the NY Times summarized the two points of view, and leaves those of us who have small businesses to wonder where the truth really lies.

From the Democrats:

Senator Mary L. Landrien, Democrat of Louisiana and chairwoman of the small-business committee, who is a main author of the legislation, said the Senate Republican leader, Mitch McConnell of Kentucky, seemed intent on denying Mr. Obama and the Democrats a chance to pump up the economy ahead of the midterm elections.

“I think Senator McConnell knows and believes this bill could actually create millions of jobs and doesn’t want to give the president and Democrats credit for doing what we do, which is standing up for the middle class,” Ms. Landrieu said.

From the Republicans:

The most prominent potential Republican supporter of the bill, Senator Olympia J. Snowe of Maine and the senior Republican on the small-business committee, said Wednesday that she firmly opposed the $30 billion program because it echoed the huge bailout of Wall Street, the Troubled Asset Relief Program, which has become a political liability for lawmakers who supported it even though many economists say it was a success.

“It has all the quality and features of the TARP program,” Ms. Snowe said in an interview outside the Senate chamber. “I think we’ve been down that road.”

So, there you have it. The Bush Administration began TARP and the Obama administration continued it. The big banks loved it, but since the American people got wise to who benefited, any similar measure is a political liability, at least to the Republicans. So after the “too big to fail” businesses walked away with trillions of dollars of benefits, you and I are now a political liability.

Small Business Person – You Are On Your Own!

Get found in the huge world wide web

• Brand your business so that it stands out amongst the rest

• Build trust and loyalty with your site visitors

• Keep the visitors once they have found you

• Turn the visitor into a customer

• Keep the customers coming back over and over again.

What Does a Small Business Need to Do?

You need to get people to your website, need to engage them well, get them to stay, and get them to buy. Then, you need to keep in touch with them so that they don’t forget you the next time they want to buy again.
We offer your small business a free website analysis to get you started on the path to your own Bailout!