westwood's comment history

westwood said...

I own a small business in Chattanooga with five employees. We’re often told that small businesses employ most workers and drive the economy, if that’s true then perhaps my experiences are relevant. My business isn’t directly impacted by unions or teachers or firemen. My business stopped growing when banks stopped lending. The bankers say they have the money and they would lend the money but their regulators have become so strict that it’s nearly impossible to lend. I’ve been forced to borrow from private lenders who aren’t regulated, but charge interest rates four or five times what banks would charge. So I have to limit growth, and employees, because I’m spending too much on interest.

derf32 has his grand theory and I have mine: everything in our economy is tied to the cost of fuel. Sadly, the price of fuel is now about where it was when the economy fell apart a few years ago – I think we’re in for a serious depression if we can’t regulate fuel prices. I heard that our worldwide daily fuel supply is bought and sold eight times each day by speculators. So instead of blaming the legislators for union busting, I prefer to blame the legislators for kowtowing to the free market capitalists who insist that gambling with the global fuel supply is good for society.

March 11, 2011 at 9:30 a.m.

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