Online Forum on Small Business: President Obama on Loans
President Obama joins Chairman of the Council of Economic Advisers Austan Goolsbee to answer your questions from WhiteHouse.gov as he participates in the Winning the Future Forum on Small Business in Cleveland, OH. In this segment, the President responds to a question from James in Addison, Texas: “With the virtual death of local banking, it’s next to impossible today to get bank loans for anything other than fixed assets. For working capital, speculative funding, for others, entrepreneurs must look to save capital, family, friends, or even a first customer. Traditional financing sources only help the more traditional forms of business. Innovators must look elsewhere. We’re locked in this and we were wondering what your view is.”
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Small businesses are supposed to start through savings and investment from other savers.
Savings is what drives productive investment.
@BabybooR33 He’s not an actor, he’s a University of Chicago professor earning way less than he should for his educational level.
Skip to 2:25
This is the problem with Obysmal Dumbocrats, growing the government is always the answer, more legislation is always the answer.
In reality it’s all about more power/control to the Dumbocrats. Never about the people.
@Agile3040 Do the math. Obviously if I’m against growing the government and legislation, then I’m for shrinking the powers of the government and legislation.
the guy next to obama is like … yea .. yea.. bullshit, yea.. yea .. lol
he is a bad actor, CIA should hire someone more convincing
@bsharker Stop whining and complaining and try to bring some solutions to the table.
@Agile3040 The government has grown substantially under Obmmer, oh look, higher unemployment, dozens of unapproved czars, hurting businesses, choking economy, education in the toilet. Great example.
@bsharker You sound almost paranoid.
“Growing the Government” = more jobs and healthy local economies.
@AbeChang2 oh jeez… spare me lol & plz wake-up