Obama promised change.
It’s taking a lot longer than he thought. And the situation doesn’t seem to be improving south of the border.
As a small business that serves other local small businesses, the US economy (and this is a broad generalization isn’t it?) is sobering. Can I say, I absolutely love 60 Minutes? I hardly ever watch it on TV, but I do catch up with episodes online.
Some random information pulled from the following segment:
- Since June 2009 (the last 16 months or so) the United States has lost over 500,000 jobs
- 65% of all jobs in the United States are created by small businesses
- Bankruptcy of small businesses has tripled since the recession
- Despite record-low interest rates, banks are lending less money to the engines (small businesses) that create jobs
- Lending to small businesses declined in Q2 2010 by $13 billion (or 2%)
What can be done? Can it continue to be trusted to career politicians to figure it all out?
About the Author:
Samuel Araki is the founder of LocalTrifecta Internet Marketing. He believes SME’s need to regain control of their digital marketing - which has become a muddled landscape, filled with fast talking, budget sucking, wannabe Internet Marketing leeches. He is clear that online marketing is not an overnight process, but is a commitment to furthering an upward trending marketing channel. Follow Samuel’s musings on Twitter and Google+
