November 22, 2016
The Republicans, including Donald Trump, have repeatedly complained that provisions of Dodd-Frank have cut off small business access to credit. David Greene picked up the charge in an interview with Barney Frank on Morning Edition. He repeatedly asked Frank if the Republican complaints about the law were correct.
While Frank responded by challenging Greene to name the provisions that were responsible for cutting off credit, there actually is a simpler response. Credit to small businesses has not been cut off, or at least if it has, small businesses don’t seem to have noticed. The monthly survey of small businesses conducted by the National Federation of Independent Business shows that they feel credit has almost never been more easily available.
In other words, the Republicans have made up a nonsense claim about the economy, and Greene has chosen to re-enforce rather than checking its validity.
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