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Thread: Biden: We Can't Recover All the Jobs Lost

  1. #11
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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by USA-1 View Post
    The truth is there is not enough demand to support any more small business. Small businesses have been going belly up in huge numbers not because of lack of loans but lack of demand for their products. There were too many small businesses. The market can only support so many. Throwing more money at the problem and increasing their debt load will not solve any problem. You can not blame banks for being careful since making risky loans got us in the mess in the first place. That along with too much government intervention in free markets.
    no one is advocating the government making loans to uncreditworthy applicants ... but to those who are deserving of credit based on their past financial performance
    and you are correct. this is a smaller pie, now. but the way to grow that pie is to expand the number of people who can afford to buy goods and services, and we can only do that by expanding the number of employees ... preferably in the private sector
    to do that, we must bolster small business' access to credit
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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    Re: Biden: We Can't Recover All the Jobs Lost

    Biden: We Can't Recover All the Jobs Lost
    Of course not. At no time was that ever the objective of the Obama administration.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by justabubba View Post
    no one is advocating the government making loans to uncreditworthy applicants ... but to those who are deserving of credit based on their past financial performance
    and you are correct. this is a smaller pie, now. but the way to grow that pie is to expand the number of people who can afford to buy goods and services, and we can only do that by expanding the number of employees ... preferably in the private sector
    to do that, we must bolster small business' access to credit
    There is too much manufacturing capacity, retail outlets, and service companies for the level of demand now. Companies are cutting back and downsizing. Adding more competition to the mix will only hurt those barely hanging on. Strong companies are not having problems getting money. It's new start ups and companies on the edge that aren't getting what they want and maybe that's a good thing in the long run to weed out the weak businesses and strengthen the rest. Easy credit can do more damage than good. The last ten years have proven that.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by samsmart View Post
    What barriers would they remove that disincentivize lending to small businesses?
    They could do something similar to what they did with the CRA. They could reduce limitations on leverage for loans that target small businesses. They could shift the tax incentives to make small business lending more profitable than other uses of capital.

    Not saying that any of these are necessarily good ideas, but there are plenty of ways that the gov. could do it.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by apdst View Post
    Of course not. At no time was that ever the objective of the Obama administration.
    Guess your understanding of his various speeches is radically different from most other folks understanding!

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by RightinNYC View Post
    They could do something similar to what they did with the CRA. They could reduce limitations on leverage for loans that target small businesses. They could shift the tax incentives to make small business lending more profitable than other uses of capital.

    Not saying that any of these are necessarily good ideas, but there are plenty of ways that the gov. could do it.
    I was about to say...

    A better idea would be to simplify the SBA loan process. Apparently it takes years to get a basic loan from them.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by obvious Child View Post
    I was about to say...

    A better idea would be to simplify the SBA loan process. Apparently it takes years to get a basic loan from them.
    Simplify the loan process? Good God, why do you think we're in this mess?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by USA-1 View Post
    Simplify the loan process? Good God, why do you think we're in this mess?
    "Simplify the loan process" =/= "Hand out free money to everyone"
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Biden: We Can't Recover All the Jobs Lost

    ah, and it was only a couple of months ago that he was predicing 500,000 jobs a month to be created this summer.

    being a keynesian means never having to say you're sorry.

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    Re: Biden: We Can't Recover All the Jobs Lost

    Quote Originally Posted by cpwill View Post
    being a keynesian means never having to say you're sorry.
    Hey, it worked for Reagan.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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