Thursday, May 13, 2010

Small Business

Politicians routinely fetishize the "small business owner" perhaps just slightly less than they fetishize "the troops" or "the family farmer," so it'd be nice if that love translated into policy.

Elizabeth Warren called it "infuriating" that the Troubled Asset Relief Program has not achieved its objective in funneling some of the $700 billion in appropriations to small businesses.

A report the commission released Thursday found that big-bank lending portfolios to small businesses dropped 9 percent from 2008 to 2009, more than double the 4.1 decrease of its overall lending portfolio.