Under Obama Small Business Gets Crushed Big Business Grows & Rich Get Richer

[KissMy]

Under Obama Small Business Gets Crushed. Big Business Grows & Rich Get Richer.

Under Obama the wealth gap has widened further & faster than any time in our history.

Under Obama the IRS increased it's assaults small business owners with huge fines that are meaningless to big business.

The big banks he bailed out are screwing small business. Bank of America is demanding that small-business customers pay off their credit line balances all at once instead of making monthly payments.

Is it any wonder that small cap stocks (Russell 2000 index) lost 4% last year as large cap stocks (S&P 500 index) gained 2.1%???

Small business has always been the job creators in this country until Obama took office.

Face-it people, Obama is in bed with big business, screw everyone else!

 

[DSGE]

The banks were bailed out by Bush, not Obama.

Pathetic trolling. You fail.

 

[KissMy]

The banks were bailed out by Bush, not Obama.

Pathetic trolling. You fail.

You fail idiot. Senator Barack Obama voted for the Wall Street bailout bill that Bush signed into law. As President Obama has continued to support the Big Banks. The big banks were the largest contributors to Obama. Jon Corzine was his #1 money man.

 

[DSGE]

The banks were bailed out by Bush, not Obama.

Pathetic trolling. You fail.

You fail idiot. Senator Barack Obama voted for the Wall Street bailout bill that Bush signed into law. As President Obama has continued to support the Big Banks. The big banks were the largest contributors to Obama. Jon Corzine was his #1 money man.

Him and 73 other senators. He didn't draft and advance the fucking bill. If he hadn't voted for it it still would have passed. If there's any blame to go around it goes to Bush and Paulson.

 

[KissMy]

The banks were bailed out by Bush, not Obama.

Pathetic trolling. You fail.

You fail idiot. Senator Barack Obama voted for the Wall Street bailout bill that Bush signed into law. As President Obama has continued to support the Big Banks. The big banks were the largest contributors to Obama. Jon Corzine was his #1 money man.

Him and 73 other senators. He didn't draft and advance the fucking bill. If he hadn't voted for it it still would have passed. If there's any blame to go around it goes to Bush and Paulson.

You are clueless.

Q - Is Obama bailing out any small banks?

A - NO!

 

[DSGE]

Q - Is Obama bailing out any small banks?

A - NO!

Well he's not bailing out big banks either. The bank bailouts were ages ago. And what reason would there be to bail out small banks? The justification of the bailouts was that the banks were so big that their failure presented a systemic risk.

 

[KissMy]

The justification of the bailouts was that the banks were so big that their failure presented a systemic risk.

Systemic risk to rich people. The rest of us have accounts insured to $100k or have no money. The bailed out zombie banks are not lending to us. They are calling their loans on the small guy. Saving the big banks only saved the rich who gave money to Obama.

 

[KissMy]

Obama is screwing small business, their job creation & innovation. He is in bed with unions & the big business who employ them. He hates small business because they tend to be non union & harder for the IRS to track tax revenue.

 

[FireFly]

Big Business Obamanomics

Lets see if Obama can pile on even more small business regulations in 2012 as his big banker buddies cut their credit. It must be nice to have the government cover the big business union pensions with the PBGC while the small business man is told to sink or swim.

The numbers prove Obama is all about Big Business & their generous contributions to him, not to mention their unions generous contributions to him also.

 

[DSGE]

The justification of the bailouts was that the banks were so big that their failure presented a systemic risk.

Systemic risk to rich people. The rest of us have accounts insured to $100k or have no money.

First off, rich people don't hold most of their assets in deposits with banks. Second, they can put deposits in multiple accounts in multiple banks to get more than $100k of it insured.

The idea of systemic risk is that it's systemic. If it were confined only to rich people then it'd be... I want to say idiosyncratic risk, but that's already a thing. The point is, the justification for the bailouts was that if the biggest banks failed, financial contagion would cause other (healthy) banks to become insolvent. In which case the tax payer would be on the hook for all those accounts insured up to $100k. Whether you believe there was actually risk of that or not, small banks certainly don't pose systemic risk. That's why nobody bailed out small banks.

The bailed out zombie banks are not lending to us. They are calling their loans on the small guy.

And what? You want Obama to somehow force the banks to lend?

Saving the big banks only saved the rich who gave money to Obama.

Well it depends. If you believe the systemic risk story then it could very well have saved the tax payer money. I don't entirely believe it, but the point still stands: Bush and Paulson get credit (/blame) for the bank bailouts.

 

[DSGE]

Obama is screwing small business, their job creation & innovation.

He hates small business because they tend to be non union & harder for the IRS to track tax revenue.

You keep saying this sort of stuff. I've yet to see you produce any evidence.

 

[kiwiman127]

The justification of the bailouts was that the banks were so big that their failure presented a systemic risk.

Systemic risk to rich people. The rest of us have accounts insured to $100k or have no money.

First off, rich people don't hold most of their assets in deposits with banks. Second, they can put deposits in multiple accounts in multiple banks to get more than $100k of it insured.

The idea of systemic risk is that it's systemic. If it were confined only to rich people then it'd be... I want to say idiosyncratic risk, but that's already a thing. The point is, the justification for the bailouts was that if the biggest banks failed, financial contagion would cause other (healthy) banks to become insolvent. In which case the tax payer would be on the hook for all those accounts insured up to $100k. Whether you believe there was actually risk of that or not, small banks certainly don't pose systemic risk. That's why nobody bailed out small banks.

The bailed out zombie banks are not lending to us. They are calling their loans on the small guy.

And what? You want Obama to somehow force the banks to lend?

Saving the big banks only saved the rich who gave money to Obama.

Well it depends. If you believe the systemic risk story then it could very well have saved the tax payer money. I don't entirely believe it, but the point still stands: Bush and Paulson get credit (/blame) for the bank bailouts.

There is no question that banks are snubbing small businesses, who are the largest employing group within the business sector.

Bank loans to small business fall to 12-year low
Bottom Line - Bank loans to small business fall to 12-year low

 

[DSGE]

Systemic risk to rich people. The rest of us have accounts insured to $100k or have no money.

First off, rich people don't hold most of their assets in deposits with banks. Second, they can put deposits in multiple accounts in multiple banks to get more than $100k of it insured.

The idea of systemic risk is that it's systemic. If it were confined only to rich people then it'd be... I want to say idiosyncratic risk, but that's already a thing. The point is, the justification for the bailouts was that if the biggest banks failed, financial contagion would cause other (healthy) banks to become insolvent. In which case the tax payer would be on the hook for all those accounts insured up to $100k. Whether you believe there was actually risk of that or not, small banks certainly don't pose systemic risk. That's why nobody bailed out small banks.



And what? You want Obama to somehow force the banks to lend?

Saving the big banks only saved the rich who gave money to Obama.

Well it depends. If you believe the systemic risk story then it could very well have saved the tax payer money. I don't entirely believe it, but the point still stands: Bush and Paulson get credit (/blame) for the bank bailouts.

There is no question that banks are snubbing small businesses, who are the largest employing group within the business sector.

Bank loans to small business fall to 12-year low
Bottom Line - Bank loans to small business fall to 12-year low

Right so Obama's "anti-small business" policy is that he's not forcing big banks to lend?