Helping the Economy By Improving Hiring
By Marc Tracy
The New York Times Op-Ed page lends its prominent space to an argument that broader policy should be geared toward enabling small businesses to start hiring again. The author, a Moody's economist, enters the small-business-jobs debate decidedly on the side of the notion that, in his words, "Small businesses are especially vital to job growth." He further argues that increased hiring will be the most efficient marker toward righting the economy as a whole (which makes sense, when you consider that the employed tend to be more apt to spend money than the un- or partially employed). So what does he favor to do this?
For one, he seems to agree with President Obama that the ceiling on Small Business Administration loans should be raised (he also advocates increasing the portion of these loans that the SBA guarantees to, in some cases, as high as 97.5%). He also wants the stimulus program's special carry back provision to be extended. We're glad these issues are now grabbing space in the Times. From its pages to legislators' eyes!
November 3, 2009 6:07 PM
del.icio.us
Digg
Sphere
Stumble
Technorati
Twitter




