Keeping An Economic Eye On The Presidential Election

STATEN ISLAND, N.Y. -- As community bankers, the professionals at Victory State Bank share in the economic concerns of business owners and consumers alike.

With a presidential election on the horizon, many of us are pondering what affect the winner may have upon the U.S. economy.

When it comes to politics, we all need to remain objective and make up our own minds. With that in mind, we are sharing the following article Entrepreneur magazine article with our blog readers:

Obama vs. Romney: A Tale of Two Economic Plans

It's the economy, stupid -- again.

The key issue in this year's presidential election -- according to the majority of Americans, most polls indicate -- is the still flagging post-recession situation in the U.S. There have been some recent high notes: the housing crisis, for instance, appears to be moderating in some parts of the U.S. But on Main Street, hard times continue to rule the day.

The economy added fewer jobs than economists expected in August, according to the latest jobs report from the Bureau of Labor Statistics. And though small-business owners reported a slight uptick in optimism in August, they were more cautious regarding expansion, according to the National Federation of Independent Business' monthly gauge of small-business trends. READ MORE …

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com . 

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