One of the key issues that will drive the speed of economic recovery is what's going to happen to SMB's?

Regardless of what you've been told, large businesses and the government do not employ most of the people in this country.  Roughly 80% of the jobs come from small and medium businesses.

That makes them rather important.

However, the response of budget-strapped cities and states so far has been to increase junk fees and taxes on businesses.  It is, after all, less noticeable to the voters--and many people have a hard time connecting to the dots from higher business taxes to being unemployed.

This is called cutting off your nose to spit your face.

The SMB space is the one remaining shining star of hope in the economy.  It is limping along and still has a little bit of capacity to buy things, particularly economically priced things.

However, the knee-jerk reaction of bureaucracy is to stay bloated at all costs, and this tendency is setting up an epic war between common sense and bloated entitlement mindsets.

Stay tuned...