Contentious Budget Plan May Help Micros [7:09m]: Play Now | Play in Popup | Download

I’m beginning to think that what Congressional Democrats are doing these days is essentially paving the way for the inauguration of what they are certain will be a Democrat as president in January 2009.

That and they seem determined (sort of) to re-introduce President Bush to the concept of checks and balances.

Yes, I am expecting lots of budget fights this year, just like we had last year. And I’m also expecting those Congressional Democrats to be just fine with repeated continuing resolutions toward the end of the year, with the tacit understanding that if President Bush won’t sign their appropriations bills, possibly the newcomer will — always depending, of course, on who actually wins in November.

As usual, I’m missing the recessed lawmakers … little darlings that they are. These commercial interruptions in one of my favorite ongoing forms of entertainment (i.e., politics) make me sad, and they make it tough to find stories to write about, too.

But never mind. They’ll be back soon enough.

Meanwhile, I’ve noted previously that microbusinesses appear to be a bit countercyclical when it comes to the business cycle. More evidence to that effect in this week’s news. Plus, the SBA Office of Advocacy released its annual report on institutional lending to small businesses last month.

For more information:

House Budget Resolution (H. Con. Res. 312) (THOMAS)
Senate Budget Resolution (S. Con. Res. 70) (THOMAS)
National Federation of Independent Business
The Conference Board
SBA Office of Advocacy

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