This popped up on my FB page today........
Needless to say.....the guy is a complete moron. Every business I have opened on my own I have done it myself....PERIOD. I have never taken a Loan out or anything....all of it has been out of my own pocket.....and my own time. (60-80 hour a week reference in the article)
Currently with these Banking Regulations in place with the Dodd/Frank Reform.....Yes, the Government will have a deep hand in your business if you are approved for an SBA Loan. I just spoke with my Bank, and another Bank, last week applying for a Low Doc SBA Loan to purchase more inventory for my store to fill my new place I'm moving into this week. (going from 2200 sq ft to almost 6000 sq ft) Was only applying for a simple $35K loan over a 7 year time period. (about the same as a truck payment) After reading all the regulations that were going to be forced upon me by accepting this simple loan, my brother and I both told the Banks to basically stick it up their dotdotdots......
As with all the businesses I started on my own......I am self funding this expansion also.
Obawa can shove his opinion straight up his dotdotdot too..........................
Like it or not, our private sector has always operated with at least some indirect government help. And it’s perfectly legitimate for the president to point that out. ..