Welcome back to GGM News and Advice’s Monday News Roundup, where we scour the internet to find news articles and blog posts that are important to small business, sum them up, and then give them our own spin!

Another week come and gone – man, they seem to fly fast sometimes, don’t they? And what an interesting week it’s been. The white house, reeling from last Tuesday’s election of Republican Scott Brown (R-Mass), seems to be making a push to make job growth and the economy their flagship issue, instead of healthcare, and Federal Reserve chairman Ben Bernanke has found himself embattled, with dire questions looming over the possibility of his upcoming reconfirmation.

All this and more, after the break!

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Pelosi: “In its present form, without any changes, I don’t think it’s possible to pass the Senate bill in the House, I don’t see the votes for it at this time.”

Editor-in-Chief Carter Schimpff

Although many small businesses are clamoring for some sort of health reform – be it enacting the ability to buy insurance across state lines, increasing competition and reducing costs, or developing strong tort reforms – it now appears that the bloated “health reform” bill, different versions of which were passed by the house and the senate, is indefinitely stalled.

To continue, the House and the Senate must reconcile the differences between the two versions of the bill that each passed. And with the election of Senator Brown (R-Mass), the senate no longer has a so-called “supermajority” to filibuster proof their vote on a reconciled bill.

One other option is for Nancy Pelosi (D-Cal) and her House of Representatives to pass the Senate’s version of the bill sight unseen — but she has now admitted that she lacks the support within her own house of congress to pass the bill as is.

Both versions of the bill have been under fire for being bloated, overbearing, and have been supported by smoke-filled back room deals — the most egregious examples being the “Louisiana Purchase” and Ben Nelson’s (D-Neb) “Cornhusker Kickback”. Small businesses across the nation decried the bills, believing that they would cause undue fiscal stress to their already critical bottom lines.

Carter Schimpff is the Editor-in-Chief of GGM News and Advice and is a regular contributor. Responses to his articles can be left in the comments section below. All comments are moderated for spam, but comments contrary to the viewpoints of GGM articles are never censored.