Government Bailout of Wall Street – Another Perspective

October 2, 2008

Most small business clients of Onsite Computer Services in New Orleans who utilize Microsoft based systems to manage their businesses voiced their opinions against the Treasury’s Wall Street bailout for the past two weeks.  Today, Onsite Computer Services encountered a client whose small business employs thirty employees.  This client, however, is vociferous in his call for government intervention in the Wall Street liquidity mess, post haste.

The reason for the client’s call for government action:  his lines of credit were just reduced and the cost of those lines of credit was increased.  To a large number of small businesses, access to lines of credit is a necessity as short-term financing smooths the cycle of expenses and revenues in business.

Many contend that as access to credit is diminished, small businesses are faced with tough decisions like reducing expenses and payrolls through layoffs.  An increase in unemployment does not help an economy on the brink of recession and no one wants a recession.  Apparently, this line of thinking is forcing staunch opponents to a Treasury bailout to rethink their opinion of government intervention.

It is sad the true cost of a bailout may never be known; however some find humor in the amount of additional pork necessary for passage of the ‘critical’ bailout legislation.  Warren Buffet thinks there is a chance the taxpayer can profit from the bailout.  Some may allege Mr. Buffet has a SLIGHT conflict of interest.  What do you think?

If you’re searching for New Orleans computer service or repair of your Microsoft based system or network, then call the Microsoft specialists at 504-469-6991. Onsite Computer Services, Inc. in New Orleans

You may also be interested in Onsite Computer’s Blog.

This New Orleans On-Site Computer Service post was provided by Eli Lucas. Eli can be reached at eli@onsitenola.com. Onsite Computer serves the Microsoft computing needs of small businesses throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Jefferson, Kenner, Westbank, French Quarter, and the Warehouse District. Please visit our website for New Orleans Computer Service.

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