Small Business Needs to be a Priority

Lost in all the big business (AIG, autos, and banks) press is one very important announcement:

Obama announces plan to aid small businesses.

Why is this important, because small businesses account for 70% of U.S. jobs.


40 Responses to “Small Business Needs to be a Priority”

  1. 1 woltmon March 16, 2009 at 3:53 PM

    I believe that the President is making the right choice by helping small Businesses. If you look around you will see that our economy is booming with small businesses, and its importants to support the people. Like they said above, small businesses hold 70% of our jobs, that a large percent. If businesses fail, then the Unemployment rate goes up and are economy ultimatley fails.

  2. 2 Claudio Ramirez March 16, 2009 at 4:04 PM

    I would have to agree with the bases of this article for the simple fact that small busniesses account for 70% of U.S jobs, as stated. Its the back bone of our economy which also accomadates for the majority of our middle class. My mother is a small busniess owner and their experience I have seen the effects that this recession has inflicted on small business owner. The 15 billion dollar plan that the Obama Administration has imposed is only the beginning and more reform is needed.

  3. 3 NVC Storm March 16, 2009 at 6:44 PM

    The president is making a good decision for helping out the small businesses in the country. Like the statement above, small businesses account for 70% of U.S. jobs. And if our small businesses go out of business or fail, then our economy will really hit the fan. And our unemployment rate will sky rocket even higher. The 15 billion dollar plan that Obama is giving out will help out the little guys and keep this economy going.

  4. 4 Heidi11 March 16, 2009 at 10:53 PM

    I am very happy to learn that President Obama is planning to aid small businesses. With all of the “scandals” and bailouts and controversy regarding big corporations, the vital small businesses that are integral to the success of our economy are often forgotten. The small businesses are the ones that are providing the essentials for the majority of Americans; if we let the well being of these businesses fall by the wayside we would be leaving countless families behind as well.

  5. 5 Ricardo Olmos March 17, 2009 at 7:48 AM

    Many large businesses expirience conflicts with todays economy. The recession has caused them to make drastic employee lay-offs and seek government aid. It doesnt surprise me that small businesses account for 70% of U.S jobs. I think it is a great idea on the presidents behalf to assist small businesses. We need to help public small businesses so they can produce more and eventurally become more productive. As a rusult more jobs will be needed and local economies will see a positive change. Small businesses should be a priority, but were does that leave large businesses? They are the real money makers and truely influence our economy too.

  6. 6 khaled Aboudamous March 17, 2009 at 8:03 AM

    The aid of small businesses helps the economy because as mentioned in the article, 70% of jobs of employment come from thoses small businesses. This new aid is the beginning of an intelligent tansformation for the nation. In the past,the government has helped bigger and stronger corporations at times of need and not so much small businesses, so to see the tables turn is big.

  7. 7 BeuWolf March 17, 2009 at 12:58 PM

    It’s about time that somebody has decieded to help the little guy out. Especialy since that the big power player’s can’t get their stuff together. Ultimately the fact that small buisness accounts to 70% of jobs. The economy can’t afford to loss out on that percentage.

  8. 8 Ivy Quilala March 17, 2009 at 4:49 PM

    I thought it was interesting how people are encourage women to open up thier own businesses at this point in time. There is some truth in taking advantage of the falling economy to better your own self. There’s a program coming to the bay area who motivate women who have lost their jobs to become small business owners. They get help with business plans and funding resources to regain control of their lives after being laid off.

  9. 9 Dennis K March 18, 2009 at 11:20 AM

    Does that really solve the problem? Small businesses simply aren’t making money because people can’t afford to pay a little extra to buy from the little guy, and are resorting to buy from big corporation companies since they are cheaper and affordable. What I want to see is possibly money for people to purchase goods from these small businesses.

    “Seeking to ease the credit freeze for small businesses, the Obama administration will inject $15 billion into the industry, buying up securities that are linked to small-business loans.”

    This article is basically saying we will give them more credit, which puts them into more debt wouldn’t it? Not exactly helping in my perspective. What exactly are these “securities” linked to loans? I think this is worsening the situation. I would like to see a solution that actually will help, not prolong it.

  10. 10 Melissa Schmitt March 18, 2009 at 12:38 PM

    I think that it is very important for the president to focus on small businesses. The more small businesses that close will lead to more job losses more foreclosures and a worsening economy. Saving small businesses benefits the country very much and can help to get the economy back on its feet. I think that the government needs to bail out small businesses before it focuses on the big businesses because a small business can close faster or make regulations fro banks to continue lending to small businesses.

  11. 11 Samantha Madnick March 18, 2009 at 2:22 PM

    I agree with the president. I think what he is doing is good and right and in the best interest for all the people

  12. 12 nancy moussa March 18, 2009 at 3:26 PM

    Due to the face that small businesses account for 70% of our employment, I think that they are necessary. I agree with what the president is doing, helping these small businesses is what is needed. We can’t afford letting all our small companies go under.

  13. 13 Sherri Brown t/th Econ 101 March 18, 2009 at 4:47 PM

    Small bussiness our what supports our economy and helps people with less education to be able to work in a lower pace job. The huge corporations is what are over done that is why most of them are going into bankruptcy.The president is finally putting a plan into action that will help our economy from going into more of a debt crisis and unemployment.

  14. 14 Keith C March 18, 2009 at 9:23 PM

    This was a very good move on the presidents part in my opinion. If we can trust the statistic that small businesses account for 70% of US jobs, then this is obviously a CRITICAL step in an economic recovery. Especially so, as unemployment continues to rise – this may very well end up helping to save peoples jobs; before they get laid off due to a company not being able to make payroll expenses. Let’s hope that this credit can make its way to the little guy fast.

  15. 15 quiche March 18, 2009 at 10:52 PM

    These small businesses are moderately the ones benefiting the economy to grow essentially because it helps consumers and employee wages to increase. Moreover, small business accounts 70% of our employment if what our president is doing (helping the small business and the 15 billion dollar plan) can stimulate the growth of our economy. Many multi-million companies have failed bankruptcy through this recession and we can’t let the small companies plummet.

  16. 16 Frank March 18, 2009 at 11:05 PM

    Im glad to see that small businesses are being helped out because its very important to our economy as a whole. It accounts for 70% of our jobs so its vital. Also im glad to see that its small businesses being helped out and not big companies because of how corrupt the heads of the big companies are.

  17. 17 O'King Kole March 19, 2009 at 12:04 AM

    I second that thought of President Obama supporting many of the small business to help keep them on their feet. Furthermore, the more business that stay a float will help increase the amount of jobs available. The only issue that i see is with all these different bail outs happening to help the economy, it looks like we will be constantly trying to pay off the national dept for several years and generations to come.

  18. 18 Gaby Corona March 19, 2009 at 9:58 AM

    Small businesses are an important role in our economy, due to the fact that they take care of 70% of employed people. Obama is doing a great job, but he will have to keep it up in order to maintain all the small companies in shape. Usually the big businesses are the ones that we pay more attention too, but the small business are the ones that take care for most of the middle class.

  19. 19 Michael Huddleston March 19, 2009 at 3:34 PM

    I’m hoping that this plan works to raise employment among the small business sector becuase I know a lot of local small businesses are considering downsizing until buyers feel safe spending more money.

  20. 20 dionicio arechiga March 19, 2009 at 9:25 PM

    I think this good because if small business employs 70 percent of workers then this will get the weal spinning again and hopefully increase spending.

  21. 21 quique March 19, 2009 at 11:03 PM

    I believe that the presidents plan to help the small buisinesses is a great idea because they do take up alot of the jobs in this country. plus the small buisiness shows that everyone can thrive off a merica if they take their chance. everyone has a chance.

  22. 22 Brandon Ruegsegger Macro ECON (M,W,F) March 24, 2009 at 9:24 AM

    Finally, a bailout for a little guy. It’s about time we stop pouring money into the mega corporations and start helping out small business. It seems as though small businesses will be more frugal in using extra government help to thaw the credit lines (instead of flying to Washington in private jets- asking for billions in bailout). As stated before, small business is in fact the bedrock of the U.S. economy: creating jobs for the lower and middle classes. Incidentally, creating jobs will stimulate the economy and temporarily avoid the short term trade-off between inflation and unemployment- thus, creating more national output.

  23. 23 Tanisha Econ101/Tuesdays March 25, 2009 at 1:53 PM

    I think it is a great idea to help small businesses. If you look around, that’s pretty much all you see. A lot of these small businesses hold jobs. So, if the small business fails, then so do jobs, and then our economy. So, go Obama!

  24. 24 Linda Villasenor March 31, 2009 at 6:21 PM

    I think it is a very good idea to help the small businesses because there a many in the United state which means that there are many people who are employed in small businesses. Also, small businesses such as restaurants don’t require workers to have a college degree so unskilled workers really depend on these types of businesses to hire them. Hopefully what Obama plans to do will decrease the unemployment rate.

  25. 25 Ally S. March 31, 2009 at 6:43 PM

    I like that President Obama is paying particular attention to small businesses. During the summer I worked at a local Yoga studio, which was privately held. This small business was just one of many that were in the neighbor in which I worked. Among the studio, were other such business’s, like Laundromats, family restaurants, and coffee shops. Ordinarily, seeing that business’s such as these account for 70& of U.S. jobs was surprising to me. However, after acknowledging just how many small business’s they’re really are, it was easy to believe that this percentage was true and also, just how important Obamas plan is for business’s and the economy alike.

  26. 26 Leonardo Sanchez ECON 101 April 29, 2009 at 2:43 PM

    Yes i agree that we need to support small busniess because they hold in there hands 70% of our employment. With the future laws

    that Obama can pass there is hope for our economy will rise but yet again smell business can only do so much we need the will

    power of other companies to amintain the workers they have by not firing them but by tranfering them to other businesses that

    might need them. Obama is in the right track to fix our economy even if takes one company at a time.

  27. 27 Emily Bonzi May 4, 2009 at 8:59 PM

    Small businesses should be a priority. I worked a small coffee shop in Antioch that was doing very well until the economy got bad and then 3 of the 5 employees had to be let go. That business is still struggling to remain afloat and if the economy does not get better soon, I fear that they will not be able to remain open, especially with Starbucks three streets down. Small businesses have a much smaller net to catch them when times get rough. The recession caused a percentage of Starbucks to close to cut losses, but the coffee shop I worked at did not have the luxury. Once this one closes, they are done for.

  28. 28 Luis A. May 5, 2009 at 5:55 PM

    i believe that the president is doing a great job in helping small business. small business help our economy and stop big corporations from becoming a monopoly. if small business disappeared, the big companies will say what the price should be and the people wouldn’t have control over that.

  29. 29 Tom Jones May 11, 2009 at 10:46 AM

    Helping out the small business’ sounds like it can help this economy flourish. In a small company if we go into a recession they have to cut back on employees but in a big business they let some go but not all such as gettin ride of 3 people from a small business is probably half of the employees. With the help for the small business’ hopfully more jobs will open up in the small business world to help out unemployment

  30. 30 phanh May 11, 2009 at 11:13 AM

    i like small business so i think its a great thing that we are support the small business and to continue to do so

  31. 31 Audrey Hepburn May 11, 2009 at 4:42 PM

    It is great President is helping small businesses. Although there are many big businesses, they are really struggling because the big businesses are taking all their customers. Many small businesses are having trouble paying employees the amount they need to live on. It is easier for people to work at a big business and get paid well than for someone to work at several small businesses. The President will really help all the small business and they will be very grateful for it.

  32. 32 Genine Lobo May 12, 2009 at 1:36 PM

    Small businesses are very important in our economy and for those who own these businesses. It is great that President Obama is helping these small businesses. Small businesses fight through extreme amounts of competition with large businesses and other small businesses. These small businesses are very important in communities because they give jobs to those in the community. It is great that Obama is not only helping big corporations but also the middle class people working in small businesses.

  33. 33 tlr7 May 15, 2009 at 1:15 PM

    As unemployment is so high, we need to figure out how to keep big businesses going, but also and almost more importantly are the small business. If we want to help control the unemployment, small business is where we need to start, considering it does account for 70% of the work force. It is also much harder for these smaller businesses to get through this recession then the big ones. President Obama I believe is making a smart decision by helping out these smaller businesses.

  34. 34 Jerry Ellison May 16, 2009 at 1:54 PM

    I think that is a great idea on Obama’s part. I feel like it will definately help the suffering unemployment rate if we help out small businesses who are finding it hard to make ends meet. Its good not only from an economic standpoint, but from a sentimental one as well. I’ve seen way too many old neighborhood business shut down recently because of the recession. These are the places that make home feel like home.

  35. 35 jenna s May 17, 2009 at 12:25 PM

    I do think that the government should help out small businesses. A lot of sole-proprietorship’s are going out of business because no one is spending money. Unlike the other large corporations, these small businesses don’t have the capital to cushion their businesses through recessions. These small businesses account for a majority of all the businesses in the world. It is only fair the government help out these businesses if they are going to bail out the larger ones.

  36. 36 Nikolas Bunton May 18, 2009 at 12:28 AM

    In a time when all you hear on the news is about how the big businesses in America are failing and need bailouts, and whether or not to give them those bailouts, it makes you wonder not only what how our nation’s small businesses are doing, but what our government is doing to help them through this time of economic crisis. When 70% of American business are classified as small, it seems odd that we aren’t paying more attention to the little guys that make up the whole.

  37. 37 Stephen Cassinelli May 19, 2009 at 9:48 PM

    I do think that what the Obama administration is doing is good for both the economy as well for many people who keep struggling to find jobs. With a large 70 percent of American businesses being classified as “small”, means that if we let these businesses get into trouble the unemployment rate would skyrocket and we would be even further away from getting out of this recession.

  38. 38 Mva89 May 20, 2009 at 8:11 PM

    I think it is definitely right to help small businesses. Like the post said, it accounts for a whole 70% percent of US jobs! that is A LOT. if we are going to help the unemployment rate, we have to help the small businesses, they are struggling more than the big ones through this recession. If the small businesses fail, our unemployment rate will skyrocket and our economy will be in big trouble.

  39. 39 Carl Hernandez May 25, 2009 at 3:45 PM

    I’m guessing that most small businesses are actually middle class people. I’m also going to guess that most of the lending decreases are directed at people who don’t qualify, mostly the lower and middle class. My point is that the lower and middle class need to be “recapitalized” NOT the banks!

  40. 40 quique May 26, 2009 at 11:04 PM

    I believe that we need to make small buisiness a priority. my dad owns his own buisiness and it helps alot of people he gives jobs to me and my freinds and it is a very good experience to get the working part of life.

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