America's Small Businesses Get the Shaft AGAIN

How the Stimulus Bill Won't Stimulate Job Growth, But What Can Boldly Be Done Next

As important as the new American Recovery and Reinvestment Act (ARRA) of 2009 is to helping us get back to some sense of "normalcy" as a country, the sector that regularly produces between 60% and 80% of all new jobs in America will only marginally benefit. I'm talking about America's small business owners and entrepreneurs. They're the real losers from the recently passed stimulus bill, and it's unfortunate for our economy. Sure, there were some tweaks to the existing SBA loan programs (which I've been advocating for nearly 7 years), but these changes will only produce slight improvements to the small business lending arena to get valuable capital flowing again. I view the ARRA as Phase I – essentially a finger in the dyke of economic decline and stagnation – but much more is needed.

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