Congress fails small business to the tune of $100 million every day

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  • My2Cents Taylorsville, UT
    Oct. 12, 2013 2:31 a.m.

    Apparently these small business are not very successful and are failure prone to begin with. Business should be operating on its own profits and if they aren't making a profit and floating on debt and borrowing then they don't belong in business. These business are not business to trust and should shut down and stop bankrupting this country with loans they don't intend to pay.

    These are the pork and fat we have to stop government from floating as economic dead weight. Why should the taxpayers and government fund failed business who are mismanaging with fraudulent borrowing?

    Getting an SBA loan for operating capital is a mismanaged business and they should not receive SBA loans to avoid bankruptcy. An SBA loan to a failed business is pocket money for the owner to stash offshore in private cash accounts so funding them is fraud.

  • Gr8Dane Tremonton, UT
    Oct. 11, 2013 6:46 p.m.

    Misleading Headline Alert!! "Congress Fails Small Business?" Really?

    How about Barack Obama (aka, "The President") Fails Small Business? His policies have put a lot of small businesses out of business, and Obamacare will nail the coffin lid shut for a lot of them.

    It's astounding how many forget that the President is a key player here. He's part of the 3-legged stool. It's not a 2-legged stool! Obama has to sign or agree to any "deal" and his refusal to negotiate, in league with Harry Reid and Nancy Pelosi, are every bit as much to blame as Republicans are for the shutdown and current mess!

  • The Jimmer Okemos, MI
    Oct. 11, 2013 5:46 p.m.

    Good to hear. Maybe those small business owners can learn not to be dependent on government.

  • Ty Kiisel Salt Lake City, UT
    Oct. 11, 2013 4:46 p.m.

    Fan Base,
    The SBA does not provide loans to small business, the private sector does. The small business underwrites or guaranteed about $30 billion last year. Unfortunately private investors and lenders aren't very interested in lending to Main Street. Although the SBA is not the primary source of funding for small business, it's an important source for many. It might be interesting to hear from some of the small business owners who have benefited from the SBA guarantee program that so many folks like to malign. You might be surprised at how many of the businesses you and I are familiar with have benefited from the program.

    Thanks for reading.

  • worf Mcallen, TX
    Oct. 11, 2013 3:54 p.m.

    You can't have people, or businesses being successful, if government is to have a socialistic rule.

    See what's happening? Obamacare, etc?

  • Sasha Pachev Provo, UT
    Oct. 11, 2013 3:00 p.m.

    Why does a small business owner need a loan from the government? We have banks and private investors. And what about the good old idea of self-bootstrap? Start small with something that can be moderately profitable, if the seed is good it will grow and provide a revenue stream that will allow to expand. Perhaps it is a good thing that the government is shut down. Makes us think about how to solve problems without it.

  • Fan Base Salt Lake City, UT
    Oct. 11, 2013 2:57 p.m.

    Or would it be better if that $100M per day were kept in the private sector? Chances are that private investors and lenders would be better at predicting the success of a business than does a public employee who has no personal stake.