As a business man I have to keep a record of my spending and balance it against my income each month. If my income goes down I have to do the same with my expenditures. Over the last year we have had to reduce our expenditures by over 40% as our sales have fallen off at least that amount. For the first time in years we showed a serious loss on our books for the year, even with the reduced overhead. The reason I’m telling you this is because I’m trying to understand how the government justifies these bank bailouts. We have always been a successful enterprise over the years and with one bad year we are considered a bad loan risk. The same banks have been bailed out turned us down when we needed a small loan for operating capital. We were able to obtain it privately, but does that mean they operate on different principles than us small businesses? The government piles money on them and they use it for bonuses and buying debentures rather than loaning it out to us poor bad risk companies who are the backbone of the employment force in this country. They keep claiming the Small Business Administration is primed and ready to help out but when you talk to the banks that have to actually make the loans it’s a different story. A great example is GMAC, they formed a new bank called Ally, you probably have seen the massive amount they are spending on TV. They are on their third bailout of over 5.5 Billion each, you might ask any GM dealer how it’s working out for them.

As I write this article the Stock market has dropped below 9800 almost below 9700. The Obama administration still claims the recession is over and that they saved 640,000 jobs. I would love to see where these jobs are and talk to the people who have them. Every month We get reports of additional job losses and every month they candy coat the reports. I’m tired Of the BS provided by this or any administration, all I want is to see the results of the billions of our tax
dollars that have wasted on a tremendous amount of pork, that they call
stimulation. The only jobs that I have seen stimulated are the ones in
Washington D.C. and on Wall Street.

I may sound bitter to some and aggravated to others, the truth is I’m just like the rest of the small business people in America, mostly we’re disgusted with the direction this country is headed. For you who believe that this is a positive direction I ask that you put your name down here with a statement of your
beliefs and we will revisit this article in a few months and see who’s right or wrong. As you know I put my name on this blog, I don’t hide behind a phony
cutesy computer handle. It’s time to stand tall in your beliefs as I try to do
in each and every article and lets make this an understanding between us. It
could be the beginning of a consensus of opinions that could lead us out of this mess.