Yesterday’s report that Sea Tow recorded a 19 percent increase in marine assistance calls during the July 4 holiday gets a big bravo! Oh, not because boaters had any problems out there, but because they were out there at all.

It’s good news when lots of people are using their boats. Because there’s no question the more people use their boats, the better the chance their desire for that new boat may be re-ignited. And, while we’ve spent a lot of time these last couple of years lamenting the impact the “credit crunch” has had on our dealerships and customers, the truth is what’s really needed to get our industry going again is boaters getting fired up to move up.

“There’s no problem a good sale won’t cure” is an old expression. It’s still true. So, when we talk about “economic stimulus plans” these days, we should clearly be targeting consumer spending. But, that’s not happening. Washington continues to miss it and, therein, rests a critical part of our problem. Both Congress and the Obama administration have been great at lip service about helping small businesses and providing SBA loan money. Puleeze . . . as if that were a magic answer.

What did we get from the last $730 billion stimulus? For about $79 billion, we got a couple of broken down car makers (with lots of UAW employees) and some freakin’ bridges and roads somewhere! Meanwhile, those who allegedly represent us failed to recognize it’s the nation’s small businesses that provide more than 60 percent of private sector jobs. People with jobs make money. People with money buy boats. So, they think making $30 billion available for SBA loans will miraculously turn all our small businesses around . . . why, they’ll borrow this money and begin hiring employees again! It’s time these politicians got back from Oz to Kansas to become reality-based again, if they ever were.

The fact is small businesses, like boat dealerships, will expand and hire people only when sales, not loans, justify the need. That’s pretty business-school-basic, isn’t it? So how does Washington conclude that a lack of loans is the reason there’s no hiring going on? The truth is SBA loans can, at best, be a short-term fix to keep things going until sales increase. That’s fine -- boating supports that. But, we also recognize it’s not the key to solving the economic problems. Clearly, public policy needs to provide real stimulus by including provisions that substantially reduce taxes for consumers. In fact, consumers will face a big tax increase looming ahead next year if certain tax reductions are left by Congress to expire.

Moreover, consumer tax reductions should be coupled with proposals like the temporary elimination of payroll taxes for small businesses and major tax credits for hiring. Until that happens, consumers will continue to hold back their spending, sales will not increase and small businesses will not hire again. It’s time Washington moved ahead, and with urgency.


‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Held This Weekend

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.

NMMA Announces Hall of Fame Inductees

Regulator Marine’s Joan Maxwell and Bill Watters of Syntec Industries will be honored at IBEX.

Brunswick Acquires SemahTronix

The supplier of wiring harnesses and other electrical assemblies will be part of Brunswick’s growing Advanced Systems Group.