And he's exactly right about this:
We're not seeing credit flow down to entrepreneurs, innovators and workers that will grow the economy and shape it for the 21st century," he said. "To me that has to be a linchpin of any economic policy that goes forward.
Since CIT collapsed, it's even more difficult for small to medium sized firms to get short term collateralized loans based on (proven) invoices.
We supposedly saved the big banks to keep lines of credit flowing. But that hasn't happened. While larger firms can use the commercial paper or bond markets, small-medium firms still have no place to turn for credit lines... other than maybe a local/small regional bank (and they're not always helpful either).
I've never heard of this guy. But it would be a breath of fresh air to have a candidate (on either side) that's not full of hyperbole and extremist foolishness. Don't tell a (small) business owner that you're on his side just because you're in favor of keeping his taxes at x% instead of y%, when he can't get short term loans on his invoices so as to keep his business going! If you don't have any profits, you don't have to worry about taxes in the first place!!!
