Results 1 to 7 of 7

Thread: The real punk on small business

  1. #1
    Silverbird's Avatar
    Silverbird is offline Planet TSP Reputation: 1099
    Likes received: 0
    Likes given: 0
    AutoTracker

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default The real punk on small business

    US small businesses lose out over loan rate
    Financial Times

    US small businesses are having to pay more to borrow relative to the Federal Reserve’s benchmark rate than at any time in at least a quarter of a century, according to official data from the central bank.

    http://www.ft.com/cms/s/0/d956ba70-8...44feab49a.html
    [assuming they get a loan!]
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python


  2.  
  3. #2
    Frixxxx's Avatar
    Frixxxx is offline Moderator Reputation: 6768
    Likes received: 1030
    Likes given: 1547
    AutoTracker

    Join Date
    Feb 2007
    Location
    Suffolk, VA
    Posts
    5,932

    Default Re: The real punk on small business

    Quote Originally Posted by Silverbird View Post
    US small businesses lose out over loan rate
    Financial Times

    US small businesses are having to pay more to borrow relative to the Federal Reserve’s benchmark rate than at any time in at least a quarter of a century, according to official data from the central bank.

    http://www.ft.com/cms/s/0/d956ba70-8...44feab49a.html
    [assuming they get a loan!]
    And the administration is still not doing much to listen to Bernanke and the rest of the world about this.

    Amazing when small business employs 80% of the workforce and we can't "stimulate" their growth......
    In terms of trading: I don't have to be right everytime, I just don't want to be wrong everytime
    Tracker = 100%-C ::::Real World = 100% -C 10/28/2014

  4.  
  5. #3
    nnuut's Avatar
    nnuut is offline Moderator | TSP Legend Reputation: 7310
    Likes received: 1857
    Likes given: 1341
    AutoTracker

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    33,045

    Default Re: The real punk on small business

    Quote Originally Posted by Frixxxx View Post
    And the administration is still not doing much to listen to Bernanke and the rest of the world about this.

    Amazing when small business employs 80% of the workforce and we can't "stimulate" their growth......
    It's all part of the PLAN!!
    Links Crude Settle $76.51 11-21-2014
    +$.66 Gain

    Elections Have Consequences

  6.  
  7. #4
    Silverbird's Avatar
    Silverbird is offline Planet TSP Reputation: 1099
    Likes received: 0
    Likes given: 0
    AutoTracker

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default Re: The real punk on small business

    The Administration tried to get funding for small business loan guarantees through Congress. It got punked as "spending", even though there were proposals for how it could be paid for. The SBA out of money for this very popular program.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

  8.  
  9. #5
    nnuut's Avatar
    nnuut is offline Moderator | TSP Legend Reputation: 7310
    Likes received: 1857
    Likes given: 1341
    AutoTracker

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    33,045

    Default Re: The real punk on small business

    That should have been passed a year and a half ago, evidentially they have no intention of helping SMALL business the way they should, CUT TAXES, NOPE they raise them, and Stupid health care will put many out of business, I don't see anything being done.
    Links Crude Settle $76.51 11-21-2014
    +$.66 Gain

    Elections Have Consequences

  10.  
  11. #6
    Silverbird's Avatar
    Silverbird is offline Planet TSP Reputation: 1099
    Likes received: 0
    Likes given: 0
    AutoTracker

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default Re: The real punk on small business

    It was passed a year and a half ago, it needed to be re-funded. It died instead.

    Business taxes on employees should be cut (why do businesses get taxed to hire people?). But those are different from Individual tax rate cuts, which mostly helps only on the consumption side and does not encourage hiring. (only the few and the brave are self-employed and I think they get other breaks - I'm not a specialist in business taxation however)

    Our health care system is punked, personally I think it's because for some reason it is based on a health insurance systems that businesses are supposed to pay for. I think the idea of health care insurance is crazy, car insurance is for not getting into an accident and health care insurance is for something you have to spend money on which makes absolutely no sense.

    I'm not for nationalized health care. However, all the other countries in the world have a nationalized system and therefore can refuse to pay more than their negotiated top price for any medical product or service. U.S. consumers and industry (through their share of health insurance costs) therefore gets to pay for the extra costs those prices don't cover, and frankly health insurance means another middleman. There has to be a third answer here.
    Last edited by Silverbird; 07-12-2010 at 03:36 PM.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

  12.  
  13. #7
    Bquat's Avatar
    Bquat is offline TSP Elite Reputation: 2959
    Likes received: 870
    Likes given: 495
    AutoTracker

    Join Date
    Jan 2011
    Location
    El Paso Texas
    Posts
    6,586

    Default Re: The real punk on small business

    Hears a shot to help small business.

    The New Hire Act for 2011

    Under this act the minimun wage will be cut $2.00 for new hirers hired in 2011, will go to $1.00 less at 6 months after hire and to minimum wage at one year after hiring date. One stipulation is that an existing employee can't be replaced by a new hire rate. If he is fired one of the new hirers will take his place at minimum wage to offset any monitary gain by the company. This will keep companies from firing employees to get cheaper employees. When the original amount of employees are at minimum wage or higher, then you can hire more new hires at the new rate. This rate may also be extended to a collage kid summer hire system. Where college kids can be hired at the lower rate between May and August and on September 1st they go to minimun wage part time when school starts. They need to make funds for school in the summer.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations. 11/21/14 COB 50C 50S

  14.  

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C fund)
[Chart]
Dow Completion (S fund)
[Chart]
EFA (I fund)
[Chart]
Bonds (F fund)
[Chart]