October 20, 2011

Lending or not lending - that is the question?

Many people blame the current high US unemployment rate on the banks and say that the banks are not lending enough money to small businesses - and if the small business do not have enough money, they can not hire new employees. But is this true?
Bernie Marcus - the co-founder of Home Depot - says it is not true. He argues that small businesses do not hire new employees because they do not trust in the future of the US economy. Small businesses are scared that President Obama and the rest of the government are thinking short-term and not long-term.