by fisherman, Window Shopper
- Created: July 28, 2010, 7:55 am
I think America needs to get moving as quickly as possible with re-establishing its manufacturing sector. I also think this needs to be done with new technologies, (green and otherwise) and ideas instead of promoting the 'too big to fail' 1900's industrialized companies.
One way that I think this can be done on an accelerated track is to make loans to VIABLE companies with low interest and moratoriums on payments for the first year or two. I say this because in the manufacturing industries, time is almost as important as capital. What ever you produce takes time, to market it takes time, accounts receivables takes time.
Instead of bail outs etc., I think this would be a possible answer to increasing small businesses in the U.S. Once the business starts making money, maybe a sliding scale on repayment of loans would be in order. I just know business as usual is not working and we must be more creative in structuring financial instruments for the edification of small businesses.
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