What Would I do If President Obama Knocked on My Door?

Sometimes I imagine President Obama knocking on my door and asking me…”Hey Jackie, you meet an interesting part of our demographics and would like your opinion on how to fix this unemployment problem”

Let’s see:

• I am South American (Hispanics are the fastest growing sector of our population)
• I am female (more women are starting businesses than men)
• I am an entrepreneur (small businesses provide the largest number of employment)
• I am highly educated (more and more women are graduating from college)
• I am a single mom (phew, thank goodness this trend is going down!)

So, to continue the story of my wild imagination, I would tell President Obama:

1. First get rid of banks. They are nothing more than self-serving institutions only looking out for themselves. As long as small businesses have to depend on them to create employment…this country is doomed.
2. Give lending powers to the SBA and allow them to lend directly to small businesses.
3. Do not use credit rating or asset pledge to lend. Instead use employment conditions. In other words, for every $50k of lending a small business needs, they would have to hire one American employee.
4. To avoid misuse, the SBA would link directly to the small business’ on-demand access to key metrics/analytics performance tracking systems, such as COGNOS Express. This business intelligence system would track the performance of both, your business and the employee. If the employee does not perform, then you are allowed to trade the employee for another one…as long as you provide 1 employment for every $50k of lending.
5. To make it even safer that you are not hiring your “cousin” just to prove employment. You would have to tie your analytics systems to your financial statements, which in turn would be tied to your tax returns…no funky business here.
6. Everything would have to be transparent. You want the money, you can have the money, but on your end you would have to:
   a) provide employment
   b) perform!

Now, think of the benefits of doing this. We would:

• Provide lending to small businesses
• Create employment
• Create an entire new booming field in the business intelligence industry
• Eliminate doomed institutions such as our inefficient banks
• Create high performing small businesses and lower their demise statistics

…how simple is that Mr. President? Just do the math…how many jobs would the bank’s bail out money had generated, had you used this simple system to fund small businesses?

Oh, and by the way, in case you are interested on knocking on my door to hear about my imaginative ideas, please do not hesitate to contact me.

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