Original Article on Crains New York

Jeremy Smerd - The payroll tax cuts and hiring credits proposed by President Barack Obama in his $447 billion jobs bill Thursday might appeal to Democrats and Republicans, but businesses say Mr. Obama paid scant attention to one of their greatest concerns: a lack of access to capital.Intent on spurring job growth and saving his presidency, the president declared during his 30-minute jobs speech Thursday that everyone here knows that small businesses are where most new jobs begin.But in his Congressional address, Mr. Obama mentioned only onceand then only generallywhat his administration would do to free up capital for businesses. He said the administration, as part of the American Jobs Act, plans to cut away the red tape that prevents too m...(read more)