Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSmall Business Owners Talk About Shutdown Impact: ‘This Is Unforgivable’
http://thinkprogress.org/economy/2013/10/08/2751901/small-business-owners-shutdown/Small Business Owners Talk About Shutdown Impact: This Is Unforgivable
By Bryce Covert on October 8, 2013 at 3:11 pm
When government operations came to a grinding halt last Tuesday after Congress was unable to pass a funding extension, the impact wasnt just felt by federal employees who were furloughed or agencies that had to close their doors. Many small businesses have experienced a blow across the country. For one thing, loans from the Small Business Association cant be approved without federal workers on the job, and the backlog once the government does re-open could be six weeks or longer. But many also count federal agencies as the majority of their clients and have had contracts stopped dead in their tracks. Others who dont even work directly for the government have seen the uncertainty over the budget battles translate into a drop in sales and customers.
LaJuanna Russell is the founder and president of Business Management Associates, Inc., which is a human capital management and business process management consultancy that primarily works with federal clients. She had already had a painful year thanks to sequestration, she told ThinkProgress. Sequestration was a major hit in the beginning of the year. Her federal clients werent sure what their budgets would be and reduced spending, scaling back and even cutting some of her contracts.
snip//
Her message for Congress? They should be furloughed, they should not be paid, they should lose their health insurance. She added, This is unforgivable.
Even those small businesses that dont work directly for the federal government will be hurt too. Mike Brey is the owner of Hobby Works, a retail chain with five locations in Maryland and Virginia and 50 employees. Sequestration and talk of the shutdown have been impacting us for a long time, he said in an interview. Uncertainty among consumers, particularly federal employees who are heavily concentrated where he operates, has depressed consumption. Weve had a whole year of government workers not being really sure what the future holds and Congress has just made it worse, he added.
snip//
For Congress to play these games, honestly, I find really frustrating, he said. Congress talked us out of an economic recovery. With {the shutdown} and the debt ceiling, theyre not satisfied with talking us out of a recovery. They want to talk us back into recession.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 781 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (14)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Small Business Owners Talk About Shutdown Impact: ‘This Is Unforgivable’ (Original Post)
babylonsister
Oct 2013
OP
How many of these small business owners voted for teabagger representatives and senators?
kestrel91316
Oct 2013
#3
DJ13
(23,671 posts)1. They want to talk us back into recession
More like a global depression.
Hayabusa
(2,135 posts)2. There is a former shopping center in my hometown
that is now home to mainly government buildings, though there are a few retail stores in it still. The USDA has a large office in it. In that mall is a branch of a local chain of submarine sandwich eatery. On the first day of the shutdown, with the USDA offices in the mall closed, that eatery lost half of their business.
kestrel91316
(51,666 posts)3. How many of these small business owners voted for teabagger representatives and senators?
Just curious. And they are probably the ones screaming loudest.
When you vote to end teh eeeeevil gubmint, that vote has consequences.
Scuba
(53,475 posts)4. No problem, the Koch Brothers don't need any loans.