Crying BabyPardon The VAR Guy for wiping a way a few tears left over from the weekend. Hundreds of folks flamed his tongue-in-cheek suggestion that Microsoft should pay for the $700 Billion Wall Street bailout.

Fact is, The VAR Guy is co-owner of a small business, and he’s been seeking some solid information about what the bailout package means to entrepreneurs like him. Finally, The VAR Guy found some helpful hints when he read this blog entry from Sparkplug CEO, a great blog for small business entrepreneurs.

5 Comments on “What the $700 Billion Bailout Means to Small Business”

  1. John Maszka Says:
    October 6th, 2008 at 3:29 pm

    This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? We could do twice as much good for the economy by giving half as much money directly to hardworking American taxpayers. A bird in the hand is worth two in the bush administration.

  2. Mike Says:
    October 6th, 2008 at 4:10 pm

    Bingo John. However, they did give money to American taxpayers (well, kind of), in their first round of multi-billion dollar “stimulus” packages, but it didn’t work. Neither will this one. When you want to get out of a hole, the first thing to do is stop digging, but what do we get? A $700 billion bailout from a government $9 trillion in debt. Makes perfect sense to me.

    The Keynesian blunders of the last century are finally catching up with us. It’s going to be bad for everyone, and small businesses (getting smaller by the day) will be no exception.

  3. aikiwolfie Says:
    October 8th, 2008 at 3:36 pm

    Didn’t the US have a budget surplus before Clinton was impeached? How did it get to $9 trillion in debt?

    Anyway at this point all our governments are doing is damage control. Capitalism has always depended credit to function because you need to spend money to make money. When there’s no credit capitalist economies just stop dead. And that is what has happened. Nobody is lending so nobody can spend which means everything stagnates very quickly.

    Governments shoring up banks won’t make them lend to each other. It’ll just keep them ticking over. Our modern economy can’t function properly without the banking system. So if it’s screwed, we’re all screwed.

    One things for sure. We better see some banking bigwigs hung out to dry for this. They caused this mess we’re fixing. They were in charge of the institutions spending our money.

  4. James Says:
    October 9th, 2008 at 12:09 am

    If you want to understand the bailout and how it will help the economy, watch this very informative interview with Warren Buffett-

    http://video.google.com/videoplay?docid=4537231419795681197

    I don’t agree with Buffett on some of his political philosphy, but his economics sense is about the best in the world!

  5. Wendy Piersall Says:
    October 13th, 2008 at 9:56 pm

    I got flamed for my tongue in cheek suggestion that big oil pay for the bailout with their oil windfall profits. ;)

    Thanks for the link love!

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