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By admin, Section Of Public Concern: Open Forum
By championing small business, the Democrats could pull some votes away from the Republican Party.
My recommendation is the following three, but perhaps some other people could think up some additional ideas.
A majority of small businesses fail in the first year or two because their sales
don't rise fast enough to pay their expenses. For that reason, the loan program would make it easy for new small manufacturing businesses
to get through the first few years. The loans would be zero-interest loans, and the repayment rate would be 10% of receipts, whether
receipts were large or small. Notice that a number of these new small manufacturing businesses would grow into larger companies, providing
many new manufacturing jobs.
People would be chosen to receive the loans in a fair way that would appeal to many lower and middle class families, so gain some votes there. The loan recipients selected each year would be those who obtained the highest scores on a business test. However, failing would be no problem because people could take the test once a year for as long as they liked. Thus, people who failed could do some additional study. The test would be based on a reading list of a couple of dozen college level textbooks. The testing would select people who were willing to work hard, which is important in someone starting their own business. To get the highest score on a test would require a lot of work studying. If the average loan were $500,000, a program which provided 100 billion dollars per year in
loans would create 200,000 new small manufacturing exporting businesses per year. That would quickly put a dent in the massive
trade deficit which will destroy the American economy in about ten years if nothing is done. That is less than a modest war and
occupation would cost, and the collapse of the American economy is a much more serious danger than any group of terrorists.
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