An observation on "job creators" fallacy [View All]

[s-cubed]

In the late 80's early 90's I worked for a large corporation. One of the interesting things I learned was that they were not interested in any business plan that was not a sure thing for at least $20 million/year. I suspect the same mentality holds today. And I suspect the same mentality holds at the big banks who aren't interested in loaning to small fry. They're rather finance a merger than reduces competition and jobs.

Now contrast that with Joe or Joan Blow who has an idea that might make a good business. He or she doesn't have such a barrier to starting a business. My father, who eventually had a company hiring 50 workers, wanted to work for himself and feed his family, not become a multimillionaire.

My guess is that the Move your Money campaign will do a lot to help the little businesses who need to manage their cash flow and invest in their tiny businesses.

What do you think?