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Feb
11

Fisher blames Ohio recession on Small Business Administration

Lt. Gov. Lee Fisher (D-OH), candidate for Senate
Image by niq77174 via Flickr

That’s right, folks. Former Ohio Jobs Czar, and now US Senate candidate, Lee Fisher put his brain trust together to get to the bottom of the economic problems of Ohio and this is what he came up with:

One of the Democratic candidates for U.S. Senate said regulations and big banking corporations have hurt small Ohio businesses in a small study he released Wednesday.

Lt. Gov. Lee Fisher, who is seeking the seat of retiring Sen. George Voinovich, R-Ohio, compared two types of small business loan dollars from 2006 to 2009 throughout Ohio. The study suggested loans to small businesses in Ohio dropped 34 percent from 2006 to 2009.

Wow. Thanks for that fascinating bit of information, Lee. That is a real eye openner!

Sarcasm aside, this seems like rather small potatoes doesn’t it?  SBA loans? Of course, he blames Portman who is once again the “architect” of this whole failed policy. But this is low level wonk type stuff not something that is going to alter the tone or trajectory of the campaign in the least.

I don’t know if Fisher has noticed but unemployment is at 10% and poised to stay there for years. The state budget is in shambles and the national debt is reaching numbers must people have never used before. Government loans to small businesses is very far down the list of things most voters care about. And even if they did this small bore study is practically useless without a lot more context and data. Maybe some grad student can write a paper on it.

In the meantime, Fisher supports President Obama and his quest to spend more money than any government has in the history of the universe and pass job killing legislation like Cap and Trade and the Federal takeover of healthcare.

SBA loans, Jiminy Cricket …

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