Looking Back, February

NAGGL Wins First and Biggest Battle
"Spray[ing] a faint mist of subsidized credit into the weakest and most prosaic nooks and crannies of the nation's $4 trillion economy."

The SBA has had its enemies, but perhaps none so bent on destroying it as President Reagan's Budget Director David Stockman, who in 1985 shared the above opinion of its usefulness for American entrepreneurs and the economy as a whole.