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OpEdNews Op Eds    H2'ed 2/16/10

Small Business: Too-Big-To-Fail

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Small Business America cannot compete on an even playing field with banking institutions that are given blank checks to suck wealth out of the system and lobby against any possible reform. Unfortunately the bailout was handled without lending or compensation restrictions from the start-leaving too little too late in the form of meaningless threats and clawbacks. No time to cry over spilt geld however. Rather, we must get the economic engine running again-by supporting its vulnerable workforce.

Democracy is about equal opportunity. We have abandoned our most cherished values to become a survival-of-the-luckiest economy. We must turn that inequity around and support the rock that big banks are built on-depositors and taxpayers. Translation: The Working Public.

We can't lend directly to small business, you say? It would be unthinkable? As Joseph Stiglitz points out- capitalism in America was irrevocably changed with the bank bailout. The old rules no longer apply.

Too much money, you say? We can't afford it? Princeton professor and economist Paul Krugman claims to stop spending would be "pure disaster."

I seem to remember somewhere a guarantee by our forefathers to "life, liberty, and the pursuit of happiness." Fighting with a bailout-out bank, capitalized with your taxpayer money, to give your business credit and stop foreclosure on your home is futile and unfair. It is more than unfair; it is undemocratic.

We are all born equal under the law; it is high time America's economic system reflects that God-given right. Because after all, the nation's largest employer is simply Too-Big-To-Fail.


Write to the President: Small Business Direct Lending Now.

To Contact Your Representative

To Contact Your Senator

* Dow Jones Market Watch
*Additional Source: Bloomberg Radio, December 18, 2009,
Live Interview, Credit Analyst: David Goldman

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Monika Mitchell is the Chief Executive Officer of Good-b (Good Business International)a leading new media company xcelerating the movement for better business for a better world.
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