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It's -- the senate could vote as early as today and the bill aimed at stopping abusive credit card industry -- practices.
That is good news for the nation's small businesses recent numbers -- nearly 60% of them.
And he's -- credit card to finance their businesses who last year despite nearly the same amount saying.
They form their interest rate to rise from credit to health care cost the US chamber of commerce is hosting -- summit this week.
Looking at the challenges facing small businesses but is enough being done to help one of the nation's -- forces and job creation.
Here is my take.
The small business community has not received any help.
In fact I think it's a disgrace are getting to that moment -- till it's small -- on -- account for the vast majority of job growth.
Why is it that we are ignoring them.
And number 38 if you look at the last jobs data report 6111000.
Private sector jobs were lost.
27 million small businesses in this country they account for 70% of the job but this country.
Of course -- anything DC private sector losses if we don't do anything to address the small business community.
I give us your thoughts for bringing your -- owning a small businesses it's still.
-- -- Of the American dream money for breakfast at foxbusiness.com.
Are -- joining me now to review.
Whether or not we're having some success or not is Jim -- in game in small business advocate radio show host and -- -- the small business network.
Greg -- former New York Jets linebacker -- now owns the promotions incorporated and company hot properties the airport parking lot business air park.
And the nightclub the savanna club and our own Fox News contributor and founder of the stock market research company Debbie thestreet.com mr.
Good morning gentlemen good yeah you got genome hot under the call -- already we haven't even started any thing.
-- right Greg let me start with you is the administration doing enough to address small business concerns.
I obviously don't think they are and and -- -- and the big problem to me is I see it is he eat it -- you're speaking in teleprompter speak.
Small business needs specific.
Answers to specific questions great coaches don't tell teams.
Generalities they speak in specifics to make them better and recover from losses that's what we -- Charles if I can -- at his side this has been in my most passionate conversation.
I'm I don't I want to the numbers -- the 750 million dollars of the 787.
Billion dollars stimulus package which were directing small businesses.
And then of the billions and trillions trillions actually -- programs at the Fed and treasury put in place.
They created a fifteen billion dollar facility for small business loans that were directed toward the FDA and yet none of them are up and fully functioning.
And it's a shame I mean first of all the SBA is a joke to be quite frank with you if you get a loan from the SBA you really don't need the money in the first place.
And then the same week that they offered up to fifteen billion.
We offered up a hundred billion to the IMF it's it's it's like the priorities are so crazy -- -- incredible.
Is that this is the populist president this is the -- this is grassroots stuff.
You know it's that you are you bad about the bench but we continue to giving taxpayer money if we just have small businesses in this country could just get the money AIG got.
You know how many jobs we can create we can redo the entire auto industry we've got the talent and -- -- -- people will have to -- to get it done.
Should you or a week you show host who talks to small business owners who are facing issues every single day.
Explain this one to me I don't understand how he's of the creators of the job growth in this country -- of the past decade.
I'm not gonna want to being left out I'm I'm completely confused about that.
Hi Alexis thanks for having me here the small business owners it which is not organized we're so busy making payroll every Friday.
And and doing what we have to do out here on main street to hold the economy together.
That we just we just not we don't get organized and and -- small business owners.
Would get organized the -- the unions -- organize the ways some of the larger organizations are are are could get get himself together is small businesses could do that.
You know what.
We -- -- world.
You know what you raised one of them -- for rip picked points I've heard anybody talk about hearing a long time -- you wanted China and go ahead we'll.
You know the FBI I don't think the SBA is that bad.
But the bureaucracy you have to go through to get an SBA loan -- I believe it's unbelievable the credit markets are terrible.
It it used to be if you had a 700 credit -- -- do anything to get money.
Now you get up over an 800 and are still denying you credit small business has no ability.
To leverage money leverage your business.
It's easier for somebody go buy a house that needs a house at forty to one when regulations were different and all of a sudden all that money goes to -- Small business is the backbone of this country and it can't get money you know -- I was reading the tea.
You have -- it's like -- go ahead indulge him.
-- -- -- -- I would agree with -- -- disagree with Charles.
The SBA does have a grip a break people down would be there next week cup so helping them celebrate small business for the small business week for the twelfth hero can't wait to get there the problem with the SBA is not in their program to their people the problem is if they don't reach enough people.
They can they don't make any direct loans they only guarantee loans and so their their facilities have to go through come through banks.
The average small business owner doesn't know how did.
Make that happen with their local bank a lot of local banks don't do business with the list BA.
That's one of -- and yet he's got to do we've got to get the SBA's programs out across the marketplace.
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