Credit Woes Continue -- Or is that Really Entrepreneurs' Real Liquidity Problem?

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Belmont MBA alum Joe Ormont sent along an analysis of small business lending from CFO.com.  Its conclusion:  "Despite the lip service paid to the importance of small businesses, efforts to ease their credit woes have come up short.

Although I do think credit is and will become an important small business issue, I hear very few small business owners identifying tight credit as their primary concern at the current time.  The need to cut taxes?  I hear about that every day from business owners.  That seems to clearly be their preferred method of getting money into their bank accounts to help grow their businesses.  One of the parents of a soon-to-be alum of our graduate program -- an entrepreneur himself -- cornered me last night and made me promise to talk about the need for tax cuts and tax reform.  He didn't have to twist my arm too hard on that one!

But hang on to your wallets.  None other than Alan Greenspan has set the table for even higher tax rates than Washington has already been talking about.  In testimony to the Senate Committee on Homeland Security -- oh, good...now higher taxes are part of homeland security -- he warned that bi-partisan action must be taken to stem the swelling deficits.  If you wade your way through the Greenspan-speak, you see that it means he wants higher taxes to trim the deficit and ease the credit crisis.   

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2 Comments

Having someone try to grasp that some irregular area is slightly bigger or smaller than some other irregular area is about the worst form or designer abuse I can imagine.
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Bar charts may be "boring", but they're boring because they are used (and abused) so often due to their effectiveness at conveying comparative information.

Despite to the importance of small businesses, efforts to ease their credit woes have come up short
thank post

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This page contains a single entry by Jeff Cornwall published on December 18, 2009 6:35 AM.

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