President Obama, we need short term lending!

I watched President Obamas address to congress lastnight very closely, with optimism that we will begin our upward journey. Some things were positive, some were not. He is an encouraging figure no doubt but I keep wondering where all this bailout money is coming from?

Then I follow up with 2 more customers this morning that want GPS services for their fleet but do not have the cash flow to invest in a technology that will return savings to them. Now what is wrong with that picture?

Ask or work with enough small businesses and you will hear it from all of them. The banks are not lending. You know the $750 billion dollars that all of us taxpayers approved to bail them out so they could supposedly start lending again? Yeah those banks that President Obama knows we are all so frustrated with because they kept our bailout money for their own agenda. Why would we consider another dollar of bailout for them, the transparency of the original $750 billion has not been disclosed. He acknowledged that "he gets it" Yet he may want to bail them out even further. The solutions that are in the stimulus bill are long term in scope. But I ask myself where are the short term solutions to these lending issues? The fact remains as I speak to my clients, if the lending does not start and start soon, the results will not change. If our small business community does not have the means to invest in technology to reduce their expenses, or hire their staff back, how will they operate at all? How will they flourish?

A note to the banks- Lend that money that we gave you now, develop your own layoff agenda, thin out and stop the golden parachute dilemma. Families and small business have had to stop spending, reduce expenses, so should our bailout recipients and our Government.

Please President Obama, congress, tell me again, do you get it? The taxpayers demand a better solution, a short term solution.

Welcome to the Future
Mike