Thursday, October 2, 2008

Small Businesses Have Harder Times Getting Loans

http://www.nytimes.com/2008/10/02/business/smallbusiness/02sbiz.html?_r=1&sq=business&st=cse&adxnnl=1&oref=slogin&scp=33&adxnnlx=1224628504-hJbfBQnVLa653/I4loki1g)
Some small companies say they are no longer able to get loans from newly cautious banks as credit tightens across the country, and even those who do qualify are increasingly reluctant to borrow and expand, fearful of overextending themselves in the midst of the financial crisis.

My Response: The bailout plan has not only effected the firms that will benefit from it, but also the small businesses that make up the majority of our economy. I believe that government need to focus on helping the small businesses rather than these larger one, because they don't effect our economy as much as the smaller firms. If the government put the same amount of effort into helping smaller businesses, we might have been able to overcome this recession.

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