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You need customers with money first.
It's plain stupid to turn out product that no one can afford.
NO. We need smaller Government and abolishment of the 16th Amendment.We don't need loans....we need customers.
Actually, we do need loans.
The problem is that they are mostly bullshit, just like those "tax breaks." Why can't anyone substantiate the amount of tax breaks with actual data?
So how will this NOT create jobs?
Why do you hate Americans having jobs?
Treasury Approves $4.3 Billion for Small Business Lending Fund - Bloomberg
The Obama administration has supported 17 tax breaks providing tax relief of more than $50 billion for small businesses, Don Graves, the Treasurys assistant secretary for small business, wrote in a blog posting Sept. 2. Small businesses employ about half the workforce and account for 60 percent of gross job creation, Graves said.
Im sure the cons will hate this one for SOME reason
So what your saying is that we won the argument and you agree that tax cuts create economic growth?
Private capital will fill the void.
It isn't.
Great, then you agree with the rest of the post.
How about this...
When the economy still sucks, you go fuck yourself because we told you this was bullshit in the first place. Just like with the Stimulus, TARP and Obamacare.
TARP? What do you think would happen if all the major banks failed? You know FDIC has limited funds, right?
Ever heard of bank runs? Want to lose all your money?
Small Business Can’t Get Loans From Bailed-Out Banks - Businessweek
A record 41 percent of small business owners say they cant get adequate financing, up from 22 percent two years ago, according to a July report by the National Small Business Association, a 150,000-member advocacy group founded in 1937 that has surveyed entrepreneurs since 1992. New small-business loans fell 33 percent last year from 2008 to $191.6 billion, the lowest total since 2000, according to the Federal Financial Institutions Examination Council.
The small-business lending program was set up in September 2010 by Congress and the administration of President Barack Obama to provide low-interest capital injections to community banks that increase their lending to small businesses.
You left out this part:
Of 932 applications received, more than 40 percent “failed to meet minimum statutory or program requirements and therefore could not be approved,” the Treasury paper said. Those requirements include size of the bank and whether it had missed dividend payments.
Large banks generally don't lend to small businesses. Small banks do.
Great, then you agree with the rest of the post.
How about this...
When the economy still sucks, you go fuck yourself because we told you this was bullshit in the first place. Just like with the Stimulus, TARP and Obamacare.
TARP? What do you think would happen if all the major banks failed? You know FDIC has limited funds, right?
Ever heard of bank runs? Want to lose all your money?
Again TM, when it does not work you will simply blame the Tea Party or white people because you're a joke.
The small-business lending program was set up in September 2010 by Congress and the administration of President Barack Obama to provide low-interest capital injections to community banks that increase their lending to small businesses. The program permits them to use the new capital to refinance their Troubled Asset Relief Program debt.
please stop lying about what the article says
The small-business lending program was set up in September 2010 by Congress and the administration of President Barack Obama to provide low-interest capital injections to community banks that increase their lending to small businesses.
You left out this part:
Of 932 applications received, more than 40 percent failed to meet minimum statutory or program requirements and therefore could not be approved, the Treasury paper said. Those requirements include size of the bank and whether it had missed dividend payments.
Large banks generally don't lend to small businesses. Small banks do.
I didn't leave anything out of the copy and paste: It's there--
The entire POINT is--any bank that decides to lend to a small business will get a taxpayer cash injection that they in turn can use to refinance the toxic assets that they hold.
It's nothing more than a shell game.
Again TM, when it does not work you will simply blame the Tea Party or white people because you're a joke.
when it does work you will lose the election
Private capital will fill the void.
It isn't.
It would if it were allowed.
Let's say you, my father, and a few friends get together and buy some equity in my new start-up and extend some loans. Under the new rules this arrangement is a private equity fund and is now under SEC regulation which is cost prohibitive unless one of you is a former SEC regulator or compliance officer.
Again TM, when it does not work you will simply blame the Tea Party or white people because you're a joke.
when it does work you will lose the election
The small-business lending program was set up in September 2010 by Congress and the administration of President Barack Obama to provide low-interest capital injections to community banks that increase their lending to small businesses.
You left out this part:
Of 932 applications received, more than 40 percent failed to meet minimum statutory or program requirements and therefore could not be approved, the Treasury paper said. Those requirements include size of the bank and whether it had missed dividend payments.
Large banks generally don't lend to small businesses. Small banks do.
I didn't leave anything out of the copy and paste: It's there--
The entire POINT is--any bank that decides to lend to a small business will get a taxpayer cash injection that they in turn can use to refinance the toxic assets that they hold.
It's nothing more than a shell game.
I think things would be better by now if the Bank were allowed to fail.
Again TM, when it does not work you will simply blame the Tea Party or white people because you're a joke.
when it does work you will lose the election
/nod
Good luck T, you're going to need it. I await your thread on the economy failing 2 weeks from now and how it's all the Republicans/Tea Party and white peoples fault.
