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I Phil Flynn.
No -- banks have been slammed for not lending to small businesses but as the real problem a small businesses are choosing not to borrow.
-- -- McDonald is here with the bottom line today putting -- It is because they're choosing not to borrow and you can see the erosion and the slide here in a very important index called the Thomson -- net.
Lending index basically too small business -- could see the small business slowed down.
In the -- far right to that that graph right there.
The barring is slowing again for the fourth consecutive quarter it's at its slowest pace in two years of small businesses.
Why because US Bancorp and their survey about 32 -- offices says.
71 -- get -- 71% think that lets small businesses think.
-- we are still in a recession in the US economy and basically that's a painful.
-- find it because 70% of US job creation over the last decade.
Came from small businesses what are what are we get the QE3 there's been talk about that today again -- -- -- that -- haven't and then all of us have been important thing because that would yet again be another unorthodox move by the Federal Reserve to bolster the US economy.
And in fact Ben Bernanke has talked about the -- small businesses although he is sitting tight not making any comments about whether or not is gonna do any further purchases of things like mortgage backed securities.
But take a listen to what he said last fall about the importance of small businesses when it comes to job growth.
Need to think carefully about how in the current economic environment.
Our nation can best provide small businesses and Oxford -- With support that they need to expand job opportunities -- not place I think what's key here is that between 1980 and 2005.
Nearly all that job creation came from small businesses the United States and that's that's pretty startling findings -- this is so -- What what's behind going on behind the jobless numbers today very great point we're -- -- thank --
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