Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
- 48
Obama' done... here's the scorecard:
$14,000,000,000,000 debt, massive deficits, worthless $$, Obamacare, 4 wars, no foreign policy, 60,000,000 unemployed & underemployed, housing market in shitter, union payoffs, Porkulus, stagnant markets, Wall Street bailouts, Feds waging war on states that dare to enforce U.S. Immigration laws, Feds using IRS to monitor individuals buying health insurance, $4 gasoline, stagflation, etc.
Yeah, run on that record. "It's all Bush's fault" ain't cutting it except with the terminally stupid.
June 30, 2011
"Borrowing by small U.S. businesses rose at a record pace in May, data released by PayNet Inc on Thursday showed, a sign that economic growth is poised to pick up in coming months.
The index is now at its highest since July 2008, two months before the collapse of Lehman Brothers and the near derailment of the world financial system.
Borrowing by small businesses is seen as a harbinger for the broader economy because they account for as much as 80 percent of new hiring. The loans PayNet tracks are typically used to buy or update plants and equipment.
The Federal Reserve has kept rates near zero since December 2008 to try to pull the economy from the worst downturn since the 1930s.
Dallas Fed President Richard Fisher on Tuesday said he expects 4 percent growth in the second half, more than twice the 1.9 percent pace in the first quarter.
Thursday's data on small business borrowing bears up that optimistic view. Changes in the index typically signal developments in the overall economy two to five months in advance."