The Last, Best Hope for Small Businesses: Their Customers

Government and Economy Last Best Hope for Small Businesses: Their Customers The Obama Administration's economic stimulus plan doesn't have much that might directly benefit small businesses. Economists, however, see salvation for those companies closer to home with their own customers. Gregg Withdraws From Commerce Secretary Nomination Senator Gregg made a statement regarding his withdrawal from consideration as U.S. Commerce Secretary, stating that he found “irresolvable conflicts” on policy between himself and the president. Stimul... [Read Full Article]

Gregg Nominated for Commerce as Bank Loans Remain Elusive

Government and Economy Gregg Nominated for Commerce President Obama has nominated Republican Judd Gregg to be Commerce secretary, a bipartisan gesture that the President insisted was necessary with such a troubled economy. Banks Failing to Lend Despite BailoutsThe federal government has invested nearly $200 billion in the US banking industry to spur new lending to consumers and businesses. So far, three months in, it has been a failure. Your Tax Dollars at Work: Wells Fargo's Vegas Casino JunketsWells Fargo & Co., which received $25 billion in taxpayer bailout money, has plans for a series of corporate junkets to Las Vegas casinos this month. Once a leader in subpr... [Read Full Article]