More Fighting Over Regs and Small Biz

Feb 21st, 2011 | By Dawn Rivers | Category: Podcasts

In almost all his budget proposals, President George W. Bush did his best to kill funding for domestic microfinance and everything attached to it.

The fact that he didn’t succeed was probably one of the most consistently bipartisan things that happened in a Washington that had been taken over by rabid partisanship.

Looking back, it was quite remarkable, really.

I won’t argue with the principle that belt-tightening is a very much needed thing but it’s interesting that he should choose to tightening the federal government’s belt on the backs of the low-income entrepreneur.

That seems wildly inappropriate. In fact, it seems like something President Bush would have done.

Microloan has a lot of friends on Capitol Hill and, specifically, on the Senate Small Business Committee. It might even have some friends left on the House Small Business Committee.

Given the history, it will be interesting to see what happens here.

Besides that and this week’s lead story, we have a brief check-in with the economy and the curious way the unemployment rate has fallen when job creation remains startlingly low.

And, of course, this week’s Policy Matter’s column — all about adjusting expectations.

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