Does any small business owner -- Joe the Plumber, or not -- think that the government can do anything to help them? Seriously? What are they going to do, hand you money?
Most of the damage to businesses will be done long before any programs come into effect.
Listen to John Thain, CEO of Merrill Lynch, talking about that 750 billion dollar bonus: "...at least for the next quarter, it's just going to be a cushion."
Did anyone think that wasn't going to happen?
As angry as the government bank handout made me, I figured that the overall economy needed to stabilize to do my store any good. That is, everyday people coming in and spending money because they're not afraid we are going into the Great Depression II.
Never thought they'd do anything to help me directly, and still don't think they'll do anything to help me directly, nor any of the people struggling with their house payments.
Discretionary spending is....well, discretionary. I'm seeing some of the same ups and downs that you see in the stock market. No one in the door for a couple of hours, then a rush of business...
So, I'm not expecting the candidates or the government to do much but try to stabilize the situation.
Joe the Plumber is an idiot.
6 days ago