That’s the title of a book… and the way I feel after hitting the AM dial today.
Rush Limbaugh was braying about how Obama is killing the entrepreneurial spirit. Well, as an entrepreneur, I heartily disagree. None of the entrepreneurs I know were struck with a stupid stick two years ago. None of the entrepreneurs I know quit having good ideas two years ago. No, what happened was this. The banks cut our $50,000 credit limits to $1,000. We can not sell our real estate holdings to self finance, because the mortgage companies are suddenly requiring 30% down payments. Obama did not show up at my house and tell me to cut back on my entrepreneurial activities…
I couldn’t stop having good ideas if I wanted to. The problem is, the business infrastructure in this country (I’m talking to you, Wall Street) has taken their toys and gone home. No financing, no lending, no new business start-ups.
No Rush, Obama has not killed the entrepreneurial spirit in this country. That spirit will never die, you couldn’t kill it by sitting on it… No Rush, Wall Street’s tight-fisted overreaction to systemic stress has slowed the pace of small business expansion and new business start-ups. Please get your shit straight.
I apologize, now back to our regularly scheduled tidbits…