Below is an interesting interview CNN Money posted with Steve Odland, CEO of Office Depot. The video is short, a tad over 4 minutes, and focuses on small businesses and their success in the recession. As small business owners are the majority of Office Depot’s customers, Steve Odland expresses strong opinions.

Odland argues that small businesses are not receiving traditional capital from the government, which is making it difficult for those interested to create small businesses. As such businesses are known for job creation, he believes it’s not happening due to the lack of capital as most small business owner’s are taking out a second mortgage instead of obtaining a loan from the SBA.

Odland states that unemployment will get worse before it gets better, and that we’re in for the long haul in the United States. Watch below. Do you agree with what he’s saying? Or do you believe that this week’s announcements from the Obama administration will answer Odland’s arguments?

Tags: Small Business

Categories: News