Why my business backs Occupy Seattle

[Yo_Mama_Been_Loggin]

I’m a small business owner. I work hard. I take risks. I create jobs. And I’m part of the 99 percent.

Widespread outrage over growing income inequality and a political system that puts the financial interests of Wall Street banks, large corporations and the wealthiest 1 percent of Americans ahead of the needs of middle-class and poor people has sparked protests around the country – a burgeoning “99 percent Movement.”

-snip-

This month, as part of national Bank Transfer Day, I moved our business accounts from Bank of America Corp. and JPMorgan Chase & Co both a practical business decision and a broader political statement.

The same Wall Street banks responsible for collapsing our economy are sitting on taxpayer financed bailout money rather than reinvesting in loans to small businesses to fuel job growth, even while continuing to engage in risky behavior and paying massive bonuses to executives.

When I applied for a small line of credit from Chase last year, I was turned down within 12 hours, with no explanation, despite good credit and a profitable business earning more than $2 million in revenue.

If elected leaders are serious about supporting small businesses and fixing the economy, it’s time to change the terms of our political debate.

Small businesses don’t need more tax giveaways for the rich. We don’t need more money spent on bank bailouts, subsidies for oil companies, corporate agribusiness, and the wars. We need money reinvested in American infrastructure, education, health care, and people.

http://www.bizjournals.com/seattle/blog/2011/11/why-my-business-backs-occupy-seattle.html?ed=2011-11-14&s=article_du&ana=e_du_pub&page=all

[CaliforniaPeggy]

1. Recommended.

[gateley]

2. The 5 Point (on the top of Queen Anne) is a great restaurant

and has been part of the neighborhood since I can remember. I'll make it a point to get there more than once every few years, and will pass this along.

I will be delighted to discover Big Mario's Pizza!

Thank you for posting this!