Are there Two Americas? In business, it sure does look like it.
John Tozzi at BusinessWeek tells of the growing disconnect between the expectations of small businesses and the expectations of their giant corporate brethren by comparing the results of surveys of the NFIB (small biz) and the Business Roundtable (big biz).
The results are fascinating and worth a look. The money quote, at the bottom of the post:
Big business expectations took a steep drive but are now recovering to near pre-crisis levels. By contrast, the majority of small business owners surveyed haven’t expected sales growth since the beginning of 2008, and they still don’t.
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I think that we can agree on this:
When big businesses become “too big to fail” and are then propped up by the government using taxpayers’ money, then small businesses lose the opportunity to become big businesses. Thus, the opportunity to compete and grow in the marketplace by more innovative businesses is lost and poor outmoded businesses and practices are perpetuated.
I agree. Did you read the Matt Taibbi thing in Rolling Stone?
Not yet, but I have been following the whole sordid process since it started. It is interesting to watch the Obomba apologists making excuses for his bought-and-paid bankster economic team.
But I am also kinda waiting and hoping that he will introducing a Wall Street reform act after HCR.
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