Small Business Bailout?

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Contributing Business Writer

Collette McKenna Parker

October 7, 2008

This morning, small business-owner “Eric” posted a comment on Monday’s Independent Street blog about the Wall Street bailout.

He writes: “All of this makes me sick…I have a small business that employs 10 people making 45 to 70k. I could really use a low interest rate loan and additional credit to consolidate a little debt and grow. If it were available, we could add two or three more people in 2009. Imagine the number of jobs small business could be create.”
 
Was the bailout the best solution? Will small businesses need additional help?
 
The blog that got Eric so fired up, Kelly Spors’ “Do Small Businesses Need Their Own Relief Fund?”, can be found here,

In it, she discusses Sen. Chuck Schumer’s recommendation that the Bush Administration set up a special temporary loan fund for small businesses.
 
What do you think?

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