Throwing stones at the Birth/Death rate models and assorted statistical anomalies is fair game in my book, but why no hate for our banking system?
Most small businesses don’t rely on personal capital, nor venture capital to fund them. It’s that trip to the bank for a business loan. So when you talk about uncertainty, it’s not necessarily on the part of the entrepreneurs, but on our lending institutions.
Faced with a shortfall and a bad economy, they’ve recorded tremendous profits. Lets make that clear, banks like Chase are making millions through sweetheart deals simply on access to easy capital. If you look at your credit card rates and fees for services, it becomes even more clear that the plan to replace lost revenue involves soaking it to consumers, not growing the economy.
I’m not fearful of government taking over banks, our current system can’t even get banking leaders down to Washington without someone thumbing their nose at the President. But passing over their reluctance to do perform their role in Capitalism in lieu of placing blame solely on Government seems a bit much.
