… when he tells you “bailout mania” is bad news, perhaps you’ll believe the small business owner writing in today’s News & Observer:

Small-business owners learn quickly or they don’t stick around very
long. These risk-takers know that if your product or service is
inferior or noncompetitive, you do something about it, the sooner the
better.

They also force themselves to face realities when their
companies are falling short of the mark, are not profitable, have poor
business plans or are bloated with unjustifiable expense. They don’t go
on a campaign of excuse-making; instead they often make painful changes
to ensure the viability of their businesses.