Sunday, February 13, 2011
State of Michigans empty gesture to small business owners?
The state of Michigan just received millions of dollars in federal aid to help small business in Michigan. What it about? The aid is for small business loans. What is the scam? In order to qualify for this "small business loan" you have to be able to have capital in the amount of 10x the amount of the loan requested. So if I wanted a small business loan funded by the govt. for 10,000 I would have to have 100,000 to back it up. Why would I be trying to get a loan if I had an extra 100,000 laying around. Its just one more tactic of manipulation. All a voter will see is the headline of "michigan funds new small business loans to stimulate the economy" and will feel all warm inside that our state is back on the right track. But will never read the fine print and understand that small business owners will never get this money because large corporations are the only ones to have the capital to get these loans. So in short business as usual. Destroy the middle class.