I here over and over, we need the banks to loosen up financing, so small businesses
can cover their payroll, buy equipment, pay their bills. I swear I am going to pull
my hair out if I hear this bullshit line again.
If you can't cover your payroll, then you might need to let go of
some of your employees.
Seriously, borrowing to expand, or purchase new equipment, sure, that makes
sense. But why are you in business, with employees, if you can't even cover
This example is greatly over used, and frankly a load of bullshit. I know many, many, small
businesses, and not one of them borrows money to cover payroll. Maybe they need to
talk to some real small businesses, and not spread manure every where about how all
small businesses need that credit, and that is why the banks got billions of dollars
to give/lend to the small business community.
In 30 years I have financed trucks, equipment, a building. but never the payroll.
If we didn't have the money to pay someone, then we did the work ourselves.
Acting like credit is the supreme most important thing to stimulate the economy,
is really not true.
Hey, I got an idea. How about we sum-zero every fucking credit card, and start
over. Let the banks just write that shit down. I mean my company has lost
money the last 3 years, but I am not asking for loans or government bailouts.
Hell no. If I can't even cover my payroll, then I won't continue to be in
business. It is a simple little thing called, CASH FlOW. You know, have
enough coming in to cover what is going out. God, you don't have to
be a licensed CPA to know that.
And the line, it is all just too complicated for us peons to understand.
Right, well give me a shot. I know where the missing 78 billion went
from the TARP money. Into many well heeled/connected pockets.
I had a talk on friday with my local H-Vac guy. That fucking heat pump
is always conking out on me. He happened to be one of the owners,
I have used him for years for all my heating and cooling needs.
I asked him how it was going, his business. He told me he
used to have 30 employees, and now he had 10.
Then I told him how I had half the people I had since Sept 11, 2001
happened. He was like "Yeah, remember I was at your building the
day that happened, on the roof."
"Thats right, I forgot, you were there, we watched it all unfold
on a little 9 inch black and white TV we kept in our office
for weather updates."
It was then that I recalled us all standing around transfixed, standing
there watching the 1st tower go down.
And I said "Did the building just collapse?"
Shit, sorry off subject. The point is, most small business's just cut back,
if the business isn't there, then they let employee's go. It is the first
place to take a hit, not out of mean spirited malice towards the
worker. It just makes sense, if you have less volume of business,
then you need less bodies to do the work.
But the building, or equipment, phone bills, insurance are constants. But even
there cut backs can be made. I reduced my phones from 4 to 3. I cut the
dumpster pick-up to every other week. I cut the grass every 3 weeks instead
of every 2 weeks. It isn't just borrow, borrow, borrow, really, this is really
all about keeping the financial industry alive. Who really does provide
the most important things we need, it is not the financial industry.
It is the service and trade, and retail. When the rich bankers yard needs
mowing, does he do it himself. Of course not, or what if he has a plumbing
problem, either in his house or body, or how about fixing a tree that
falls on his house or who made the suit he wears, the food in his pantry, who
grew it, delivered it, how about the electricity running in his mansion. Yeah,
what would the world be like with just banker's, hmmmmm.
Roll up your sleeves and fix that toliet Big Bank CEO.
End of Rant, I think, yeah, that's all I got for today. One more thing to the
big guys in Washington STOP GIVING THE BANKS OUR MONEY!