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.


Mercury’s Impact on the Local Economy

A new study shows that the manufacturer has a more than $5 billion annual impact on the Fond du Lac, Wis., community.

Lippert Posts Record Q1

The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.

Rollick Reaches 100th OEM Customer Mark

Customers that use its Aimbase marketing technology represent 65 percent of U.S. marine unit sales.

Safe Harbor Adds Lauderdale Marine Center

The Florida superyacht facility was acquired in a deal worth $340 million.

Don’t Throttle Back Now

As pandemic restrictions ease, folks will be getting back to leisure activities that often compete with boating.

IBEX Announces In-Person Dates

The show returns to the Tampa Convention Center Sept. 28-30 after being held virtually last year.

Brunswick’s Aine Denari Joins CSP Board

The Center for Sportfishing Policy, a coalition of advocates for recreational fishing and boating, also announced that The Billfish Foundation is a Sustaining Member.

Malibu Reports Record Q3

The company reported a 50 percent increase in net sales and a 47.2 rise in net income for the fiscal quarter.