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Monday, 17 November 2008 |
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What do you think the SBA could do for small businesses if it had $25 billion to work with?
That's how much the government loaned to the Big Three automakers — General Motors, Chrysler and Ford.
Presumably, it didn't work. They are back at the trough, looking for another $50 billion bailout and rumor has it that the incoming Obama Administration is inclined to give it to them.
The U.S. economy used to be famous for something called creative destruction. That's the process by which large marketplace incumbents that failed to adjust to changes in said marketplace eventually disappeared, to be replaced by a new set of businesses that eventually grew to become our current large marketplace incumbents.
But it's pretty hard for those feisty little upstarts to start up and get anywhere if the government steps in and refuses to let creative destruction clear the underbrush.
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Baucus Health Care Plan Still A Loser |
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Monday, 17 November 2008 |
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Conventional wisdom reigns in this reform plan that still saddles consumers with health insurance instead of helping them pay for health care.
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Small Firms Remain Important Innovators |
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Monday, 17 November 2008 |
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Policy makers looking for ways to stimulate the economy should not forget that the important innovations come from the smaller technology firms.
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