Democrats Hate Small Businesses?

[rayboyusmc]

WASHINGTON – President Barack Obama on Monday offered a fresh package of aid to small businesses — "the heart of the American economy" — in an aggressive push to get big banks that got federal bailout money to do more lending to these struggling entrepreneurs.

"You deserve a chance. America needs you to have that chance," Obama told small business owners gathered in the White House East Room as the administration detailed various steps to get credit flowing to small businesses.

With Treasury Secretary Timothy Geithner by his side, Obama said the nation has small businesses to thank for many of the new jobs, roughly 70 percent in the last decade. Geithner said as small businesses prosper, the nation does, a critical element to any economic recovery.

The White House announced a series of moves to get credit flowing to small businesses. The measures include boosting bank liquidity with up to $15 billion aimed at unfreezing the secondary credit market, reducing lending fees and increasing loan guarantees, and easing the tax burden. The administration also announced that the 21 largest banks receiving government money must report monthly on how much lending they do to small businesses.

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Meanwhile, Obama expressed fresh outrage about Wall Street behavior. He said he would try to stop insurance giant American International Group, which has benefited from more than $170 billion in federal bailout funds, from paying $165 million in executive bonuses.

"How do they justify this outrage to the taxpayers who are keeping the company afloat?" the president asked.

Obama details plan to aid small businesses

 

[sealybobo]

Yes, I remember last week a guy from the small business was crying that Obama wasn't doing enough for small business.

Well now he is.

And notice last week the haters also suggested Obama is trying to do too much.

I'm so sick of the right wing haters who hate America and want to see us fail.

 

[raceright]

Yes, I remember last week a guy from the small business was crying that Obama wasn't doing enough for small business.

Well now he is.

And notice last week the haters also suggested Obama is trying to do too much.

I'm so sick of the right wing haters who hate America and want to see us fail.

Got it wrong babe, The right Wing is America. Read the Constitution,says nothing about sharing the wealth.
Says you have the right to persue happiness--it is not a guarantee.

 

[xsited1]

$15 billion? Didn't he just sign a couple of bills for more than $1 trillion?

(Obama) said small businesses "are the heart of the American economy" and "the heart of the American dream" and the core of "America's story."

Right...

 

[Xenophon]

If BO is such a fan, why does he want to tax them into the poor house?

 

[WillowTree]

so,, the talking economists on the TV today said that adds up to about $500.00 that's five hundred,, dollars to each small business in America.. Big assed help there obamalama,, they also said small business provides about 70% of the jobs..

 

[WillowTree]

Yes, I remember last week a guy from the small business was crying that Obama wasn't doing enough for small business.

Well now he is.

And notice last week the haters also suggested Obama is trying to do too much.

I'm so sick of the right wing haters who hate America and want to see us fail.

does that remind you of anyone?? pot?

 

[mash107]

Small businesses are rather ineffcient users of capital. Most small businesses waste money through inexperience leadership, can't buy in bulk, etcetc. Large businesses, that are large only because they deliver a good product (not because they're constantly bailed out or get privileges like GM), are the most efficent users of capital.

Of course, this pales in comparison to how ineffecient the government uses capital-- $787 billion for 3 million jobs? Wow, that's only $250k per job created... I wish I was paid that much. D: Unfortunately, because of this misuse of capital, many more people are going to be laid off.

 

[rayboyusmc]

The right Wing is America.

Bullhonkey. You are a minority right now.

America is really the middle majority of people who are not extreme righties or lefties.

Only 2% of the small businesses will be hit by the 250,000 limit.