Small Business = Durable Economy
The last two "jobless" recoveries... it took 11 months for job growth to turn positive in the wake of...
the 1990/91 recession and an interminable 19 months for payrolls to become positive on net after the 2001 recession.
Small business expansion is being hampered by constrained access to financing. Grants, loans and bailouts are going almost exclusively to the big guys.
The financial houses being bailed out are hoarding the money, rather than lending and spurring growth.
Firms of less than 500 employees account for some 50.2% of total payroll employment.
Pressure on small businesses needs to ease for a more durable economic recovery.
We keep banging this drum... no durable economic recovery until 6 million outsourced jobs are repatriated.
It took 25 years of financial deregulation, globalization and outsourcing to labor at the margin to decimate and emasculate our durable economic base.
This emasculation was bipartisan, and led by an army of lobbyists that our whores on the hill still pander to, witness the latest round of banking bailouts.
We no longer manufacture anything, so we have a non durable service based economy which is comprised of tourism, hospitality, food service and 1/6 health care.
Thats right, 1/6 of our economy is based on health care of which 35% goes to middlemen or health care management firms.
In other words, the sicker the population, and less health care insurance regulation, the greater the profit.
Our non durable economy is dependent on the generosity of foreigners willing to lend us money for our profligate spending habits.
Now is the time for small business and government to swell their employment ranks with durable infrastructure build out projects.
Keep the money local for small business (utilize small local companies) and employees (hire local people at prevailing wage).
In order to save taxpayer money, State, County and City governments need to abandon "at risk" managers and take projects on internally.
Hire managers proven competent in infrastructure buildouts and value engineering. Then staff up with local people and do the work in house.
This will keep local people employed at a decent wage for some time to come.
This is not the time to outsource to outsiders, large companies or foreigners.
Worse yet privatizing vital resources or assets to "for profit" entities would be the Coup de Grace.
Doing so would further cripple the remnants of our durable economic base and make any recovery improbable.
the 1990/91 recession and an interminable 19 months for payrolls to become positive on net after the 2001 recession.
Small business expansion is being hampered by constrained access to financing. Grants, loans and bailouts are going almost exclusively to the big guys.
The financial houses being bailed out are hoarding the money, rather than lending and spurring growth.
Firms of less than 500 employees account for some 50.2% of total payroll employment.
Pressure on small businesses needs to ease for a more durable economic recovery.
We keep banging this drum... no durable economic recovery until 6 million outsourced jobs are repatriated.
It took 25 years of financial deregulation, globalization and outsourcing to labor at the margin to decimate and emasculate our durable economic base.
This emasculation was bipartisan, and led by an army of lobbyists that our whores on the hill still pander to, witness the latest round of banking bailouts.
We no longer manufacture anything, so we have a non durable service based economy which is comprised of tourism, hospitality, food service and 1/6 health care.
Thats right, 1/6 of our economy is based on health care of which 35% goes to middlemen or health care management firms.
In other words, the sicker the population, and less health care insurance regulation, the greater the profit.
Our non durable economy is dependent on the generosity of foreigners willing to lend us money for our profligate spending habits.
Now is the time for small business and government to swell their employment ranks with durable infrastructure build out projects.
Keep the money local for small business (utilize small local companies) and employees (hire local people at prevailing wage).
In order to save taxpayer money, State, County and City governments need to abandon "at risk" managers and take projects on internally.
Hire managers proven competent in infrastructure buildouts and value engineering. Then staff up with local people and do the work in house.
This will keep local people employed at a decent wage for some time to come.
This is not the time to outsource to outsiders, large companies or foreigners.
Worse yet privatizing vital resources or assets to "for profit" entities would be the Coup de Grace.
Doing so would further cripple the remnants of our durable economic base and make any recovery improbable.
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