The Fed And Treasury Are Doing Everything They Can To Hurt Small Businesses: Steve Forbes

Steve Forbes calls out the Federal Reserve and the Treasury Department's policies that are hurting small businesses.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
account.forbes...
Stay Connected
Forbes on Facebook: forbes
Forbes Video on Twitter: / forbes
Forbes Video on Instagram: / forbes
More From Forbes: forbes.com

[@cjmuniz12]

And wrecking the middle class!

[@RoscoPColtrane17]

That’s the plan

[@frankblangeard8865]

The middle class can buy U.S. Treasuries and get the 5% interest rate which is still historically low.

[@RoscoPColtrane17]

@@frankblangeard8865 To keep up with inflation that’s over 5%, no thanks. Better to let this nation fall apart, pick up the pieces, and start a new one with what’s left over.

[@frankblangeard8865]

@@RoscoPColtrane17 According to the government the inflation rate is currently only 3.5%. They would not lie to us. Would they?

[@cjmuniz12]

@@RoscoPColtrane17The Marxists running it into the ground think they will be in charge on the other side, I wouldn’t bet money on it

[@raytipton5195]

This lady couldn't add 2 + 2. Mind-blowing.

[@craiggoldstein5699]

Yellen, Powell and the puppeteers need to lose their jobs.

[@bob733333]

You misspelled "heads".

[@ThePoehladian]

​@@bob733333 100%

[@bobwhite2]

I think they are following order to keep their jobs. Basically bought out.

[@ThePoehladian]

@@bob733333 100%

[@ThePoehladian]

🎯

[@Mark-g4z2s]

Shouldn't janet yellen be an old folk home??

[@GScully42]

Along with most of the so called leaders

[@dfrozendog3849]

To simplify, the government is not the answer it is the problem.

[@brent4073]

The government did not understand this comment and instead is going to print another trillion dollars to help you into not commenting again...

[@bob733333]

Private companies pretending to be government is not good either.

[@tomkeyser8384]

As they blame large corporations for everything. They'll do everything in their power to support them

[@brianb6957]

Corporations are not angelic institutions. After all, they are in it for profit.

[@tomkeyser8384]

@@brianb6957 neither is the government. Especially now.

[@brianb6957]

@@tomkeyser8384 Agreed.

[@kunghsu1]

You know why they find a lawyer to be chair now.

[@MrBryanschafer]

Thank God you are sharing the truth with voters who need this!

[@AngeloCaruso-et5gm]

My disability is ssu its 943.00 a month wanna tell me where i can live 😞 cheapest rent i can find is 1200 plus gas electric 260.00 maybe more a month

[@smokeytheanimal3662]

We need the Five Hundred Doller Bill to be put into circulation as it would save space in wall safes.

[@charchark365]

2A exists for these reasons exactly.....

[@ThePoehladian]

Still the old creatures sit there being listened to. 🙄

[@mrright1068]

What is the remedy for the middle class? Is it moving abroad to get away from this criminal mismanagement?

[@MrRourk]

Have been for years

[@Cassander314]

Such a soothing voice

[@nbanolfkid]

I always enjoy your insights Steve. What is wrong with the government?

[@CraigCharley]

The Fed didn't merger oil companies for no competitive prices in America and stock market exchange

[@louistan7560]

They are doing an excellent job for the rest of the world. The implosion of the US$ and the recognition that US Treasury Bills and US investments are not politically rIsk-free.

[@johndreger2193]

It seems yellen is too old to remember we do have calculators

[@FKCENSORSHIP]

$20 an hour min wage! We lost our jobs to robots and kiosks! We demand $50 an hour! Ok, goodbye all small business. Why can't I find a job? 🤦‍♂️

[@jimmyhvy2277]

Small Businesses Don't Pay Kick Backs , To the WEF Quisling Politicians !

[@Stephen-zq2wf]

The Regulatory "I'll Help You Hug" from Big Business is a BoaConstrictor of Death

[@Jimwenten]

In the real-world people work for big companies to learn the business processes and steal big business customers. Many people don't shop at the big box stores. While working for a big company they do quiet quitting. The objective is to promote small business. Government won't put in any regulations to stop this mindset

[@Insertednmatrix]

Are they using these tactics forcing small businesses to the level of extinction?

[@brucecampbell6578]

Centralized corporate control is easier to govern and manage. This assault on Mom and Pop operations has been going on for decades. It was ratcheted up during the plandemic. The bureaucracy obviously distains mavericks.

[@bob733333]

Competition is a sin. --John D. Rockerfeller.

[@frankblangeard8865]

I am getting over 5% from Treasury Bills. Looking forward to higher rates soon!

[@waywardgeologist2520]

Sounds like small business need to restructure in order to avoid short-term loans.

[@franktuccillo6097]

$500 bill isn’t enough. We have to go back to the $1000 bill.

[@tomhamilton9140]

Biden's America 🤐

[@realDonaldMcElvy]

If the FED lowers interest rates before 2025, even just a fake out 25 to 75 basis points or something, the economy will crash. But they should lower rates by March unless the economy is still in a recession.

[@GODLUAT]

well said. thanks for helping us understand

[@GODLUAT]

would be easier to understand if it was spoken in easier everyday language to grasp

[@Martin-og9zg]

Politicians all have sold out to corporations which is part of why social security and Medicare are going away....force small businesses to close so everyone has to invest in Blackrock etc, which is also part of why the American Dream (owning a home or business) is rapidly being crushed.

[@keithayre6793]

wouldn't it be great if one could print up currency 💵, in ones kitchen then lend it out 2the government with interest, 2be repaid by future taxpayers, folks 😁

[@GScully42]

The corporations own the politicians which is something that starts with an F and ends in M

[@NancyK-cu6xj]

I live in a small village, pop 4K. We have a few empty store fronts in town. The area is rural and Republican. In one of the store fronts are signs plastered, several, Joe Biden. Its like screaming "IF YOU RENT ME YOU'RE GUARANTEED TO GO OUT OF BUSINESS". Why would someone do that?

[@terryparish7133]

Many people fell they are purposefully doing this to our economy, but others fell they are stupid either way it's inescapable escapable!

[@MrCarrillo26]

True they’re incompetent

[@Rustea314]

Never worry about people; just take care of the companies. Railroad companies, banks, and truck drivers should all write their own regulations. 😅😢😢😢

[@rodhonco5681]

Government comes first. If there is anything left over, that will go to the Private Sector.

[@uturniaphobic]

Someone should tell them there at the Treasury and the Fed that they officially ran out of other people's money some thirty-five trillion dollars ago.

[@paulalietke888]

Deregulation been saying for years. Restrictions hurt not help.

[@Wesmancan]

I had great years under trump in my small business. Obiden won and I found a decent job and took it before he was sworn in. That’s was a great move. Yes my job is depression proof.

[@smujer1]

So our govt didn't cause enough mom and pop businesses to go out of business during cov-id?

[@jimmyhvy2277]

Throw Another Trillion at it !

[@johnd.5601]

No story is needed. It's boldly obvious! If you get in an accident in America or make any mistakes or get divorced. Your financial life and your social life are over! You will never recover. America is extremely oppressive and has crushed me for being skilled at something they worked to lower quality standards. This country has become increasingly run by bureaucrats pushing hard on affirmative action. Pushing quality down! Pushing out the highest skilled workers because of the color of their skin. I've been told so many times that I couldn't be on a job because I'm white. Now I'm disabled and life in America is impossible! I don't get disability because I'm a white guy. Nobody wants to hear that story! They want to believe it's not true.

[@brucecampbell6578]

Most tradesmen have prospered and continue to prosper if they are worth their salt. Sounds more like you operated in the bureaucracy. I love to hear stories of white guys crying about the ill effects of discrimination. I wonder what your story would be had you been born black? Think it would have been easier do you?

[@somuchfortalent]

You don't get disability because you're not disabled and capable of working.

[@ThePoehladian]

I feel you but NPC's won't.

[@AngeloCaruso-et5gm]

You all keep talking about the middle class 😂 the lower class disabled ssi seniors and minimum wage workers aren't even existing were all living in cars outside and cant buy food or medicine. Facing homelessness can't afford electricity or gas can't shower . Were in big trouble .

[@ThePoehladian]

T - 24 !

[@bob733333]

But but but but but but China...

[@bobwhite2]

Why?

[@zatoichiblindswordsman4683]

Now this is dumb and dumber

[@JCal-h9q]

Shit up s r eve look At small farms in MICHIGAN

[@GogglesPisano13]

Small business owners overwhelmingly vote Republican. That's all you need to know why they're being targeted.

[@nyleslehnen4751]

Bingo

[@cassmarkonthemove]

Just plain wrong!

[@garybray3614]

There will be only one business. World Economic Forum

[@san3570]

But they said Joe Biden is the best president we can find to save our country. Oh, her name is Pelosi.😅

[@alextube2551]

more self harming?

[@brianb6957]

Duh

[@tapptom]

“Inflation is only transitory” Stupid yellin! Or lying!

[@defrank1870]

So this IS the same Forbes. Wow. Bro, you need to run again, as a MAGA republican.

[@samiralyateem6050]

Tf is this?

[@somuchfortalent]

What's the benefit of small businesses? They have less products that cost more and pay employees less. Unless they're offering boutique/handmade/homemade goods, I don't see the point.

[@bob733333]

Ya, who cares if all big corporate products are poisonous? We're saving a couple bucks!! Yay!!

[@f.r.e.e.]

🆓😎💸 ✌️👔📰

[@craigenputtock]

Steve, stop reading from a script and just try to do your best extemporaneously.

[@charlene714]

Not listening to your gibberish.

[@tommas2674]

WHO CARES ABOUT SWEAT SHOPS. WE did away with those Decades ago, and the despots could not take it THUS REGULATIONS to send out OUR INDUSTRIES N MFG of economies of scale in quality and price, GOOD JOBS FOR FELLOW AMERICANS, security to a voice in the world, PRODUCT, CORPORATES AND POLITICANS THAT COMPETED FOR Us! FED UP WITH THE/THIS DISTRACTION he is pushing too.