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Sunday, April 17, 2011

postheadericon Why credit access is critical to the economic recovery


Most Americans understand that small businesses â€" not massive corporations â€" generate most new U.S. jobs. And when these enterprises hurt, they likewise lose jobs in similar proportions.

As influential financial analyst Meredith Whitney observed last May, "Small businesses created 64 percent of new jobs over the past 15 years, but they have cut five million jobs since the onset of this credit crisis. Large businesses, by comparison, have shed three million jobs in the past two years." 

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