What a Great Idea

In yesterdays Wall Street Journal there was an article by Michael Milken.
He commented that bank loans for businesses are safer than home loans. This makes sense.
Think about how this country would flourish if 30 year loans were made to businesses.

It is obvious that Government because of the way it regulates banks has no clue that business success is a long term proposition. Businesses are under constant pressure to roll notes, scrap for cash flow, try to get extensions etc. If they cannot, they fire employees and many fail.

If businesses could count on the cash they need to develop over the time they require, their owners and managers could devote their time to being creative and building the business rather than worrying about money, paying taxes and complying with destructive regulations.

Building a business and hiring people is what a healthy economy is all about.

Hopefully,relief is on the way. Twenty four day until the election.