Are there any courageous business executives alive today?

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  1. If it hadn’t been for an experience I had recently with a very Republican bank executive, I would be able to, in an unqualified way, support the proposition that it is the President choosing to kill business in the US.

    Here is what was explained to me.

    I was in need of a loan to expand my business. We have a good record in the community, and we have collateral. However, the bank, in the name of free enterprise, has decided that the spread it can get by borrowing from the Fed at .25% and purchasing Treasuries is what it wants to do instead of creating jobs in our community.

    This bank executive told me straight out that business is business, and he is making the best decision he can relative to, well, business.

    That he is a Republican and a conservative, and that he has made this decision in opposition to the President’s desire for the banks to lend to people just like me who want to expand the economy and provide jobs is, of course, amazing.

    All I can say is labeling the President as the problem, at least in our community, in the face of this fellow’s behavior is just wrong.

    I didn’t vote for Obama, and I am no fan. However, fair is fair.

    The banks, largely controlled by Republicans, are more than happy to deny funds even to established mid-level businesses with collateral.

    I know that is not how things are supposed to work, but there it is.

    If this bank executive is talking to the President, the President is giving him an argument.

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