"Bailout" news may not be good for bootstrappers

Filed in archive Bootstrapper News by Shawn Hessinger on October 2, 2008

Photo courtesy of iStockphoto, Lilli Day

As a revised version of Monday's failed Wall Street "bailout" legislation passes the Senate and is now being evaluated by members in the House here in the U.S., it's time again for reflection.

I've posted before about my doubts that a credit crunch really represents the end of the world for small business, especially bootstrapping entrepreneurs.

Is there anyone else out there who finds it difficult to swallow that without a $700 billion rescue package banks will stop loaning money (what's their business again?) and car manufacturers and realtors will refuse to sell cars and homes respectively?

Here's an alternate perspective on the whole Wall Street rescue thing from Skinner Layne at "Common Sense and Common Virtue". Enjoy!

Related Entries:

Bootstrap seminar planned for rural entrepreneurs - 29 April 2008
"Good" economic news: glass empty or half-full? - 12 May 2008
Bootstrap makes Oxford dictionary listing - 02 July 2008
Forget the credit crunch: bootstrap your business - 27 September 2008

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