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President Obama Still Doesn't Get It, Says Small Business Advocate

August 31, 2010

A national small business advocate agrees with President Barack Obama when he said a "magic bullet" doesn't exist for solving our current economic woes. However, she is urging the president to understand why businesses are not hiring and holding back on investments. According to Small Business & Entrepreneurship Council (SBE Council) President & CEO Karen Kerrigan, perhaps if the President and his economic team get a true grasp of what's holding businesses back, the Administration would depart from its enthusiastic support of legislative and regulatory measures that are working to restrain our free enterprise system and prolong the recession. "Small business owners feel they are under siege from Washington, and at a moment in time when they are facing the most difficult period in the history of their businesses," said Kerrigan. "Unfortunately, the small business lending bill is not an ample policy solution to leverage the potential of America's small business sector." Full release.

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