This clip from a 2009 Fox News Sunday with Chris Wallace show outlines the issues facing small businesses still today. Small businesses were hurt disproportionately in this economic crisis. Housing has hurt not only homeowners but small business people too as those businesses relied on their homes for cash from home equity lines of credit and re-fi’s. Due to the credit crunch, small businesses have few sources of liquidity. Almost every recession has ended when small businesses begin hiring. Net job creation happens in the small business sector. For this to happen, these businesses need the liquidity to grow and the confidence to implement.
— Steve Odland