Financial Information
Small Business Loans Aim for Job Growth
small business loans
President Barack Obama is hoping that a new program to extend billion to small banks in an effort to increase lending to small business will help spur job creation. (Feb. 2)
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#2 written by TibetanIdol 1 year ago
@DarthKazi OBAMA FATAL WOUND: THE BIBLE !
Spread worldwide the Worst-Case scenario
Revelation’s Chapter 13: Verse 3, “and I saw one of his heads as if it had been slain, and his fatal wound was healed, and the whole earth was amazed and followed the beast”
Obama has 7 creeds/heads (Islam, Communism etc…) of which one, Christianity, was fatally “wounded” when SATANICAL 666 was drawn and shared front pages’ news with his victory headlines, thus cursing and revealing him as evil
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#3 written by VictoryCough 1 year ago
This is what creates malinvestments! During a recession, people are more cautious and wouldn’t want to go into business! They are smart! Opening a business equates to going into debt! Most restaurants don’t start seeing profit for 5-10 years!
But when there is easy money out there, people take risks they normally wouldn’t. Sure we may see small business pop up and think that means its a recovery. See if those are still open in 5 years!
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#4 written by jerdeb4evr 1 year ago
Another stupid plan by an out-of-touch Bureaucratic machine. First, general economic growth will generate capital with which small business can grow, without the debt to the Federal Government. Second, as in most Government endeavors this will be rife with fraud. Shysters will start a business, borrow all available funds then disappear without ever paying back a dime. It happens every time the government gets involved. Third, continued……..
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#5 written by jerdeb4evr 1 year ago
Third, the very best, most efficient means of small business growth is to let them hang onto their money. If the Chicago conman wants to stimulate jobs and economic growth give the small business their own money back.
It it should be a crime for the government to force a business to pay them money, then the Government turn around and loan it back at a profit. Extortion, RICO, -
#7 written by ib2fast 1 year ago
That dog don’t hunt. The only solution is to QUIT borrowing and spending to fund BIG Government, QUIT playing the Shell Games (like WE will Tax YOU so WE can give YOUR Money to Small Banks AND YOU get to Pay US and THEM Back). These are Tax Schemes!
DOWNSIZE Government, CUT the red tape, REDUCE Taxes, get out of the way, UPDATE your Resume and GET A JOB to help support REQUIRED Government.
How many Taxpayers does it take to support 1 Government Employee?
It’s Simple; Downsize or Go Broke! -
#9 written by BertGriffin88 1 year ago
Karen,
the crooked Banks refuse to do their job.The crooked Banks broke the economy. The crooked Banks stole the money. The crooked Banks took taxpayers’ bailout & gave themselves hugh bonuses.Why aren’t these crooked Bank CEOs imprisoned, fined, & their crooked banks broken up because they’re too big to fail? Where’s the regulation that going to keep these crooked banks & their crooked bankers from continuously screwing the American people?Once again Obama & his team fixes a Bush&Dick problem. -
#11 written by Vitaminous 1 year ago
@BertGriffin88: because it’s not the ‘crooked banks’ that bailed themselves out but your crooked politicians. You’re falling into their PR bullshit by supporting additional restraints and taxes that will benefit them by hurting their competition (you know, the ones that DIDN’T take bailout money because they didn’t give out bad loans – yeah, they’re affected by those measures too!).
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#14 written by YouSmellLikePOOO 1 year ago
Seriously, Americans will become poorer because obama’s reckless fiscal and monetary policies are devaluing the USD resulting in higher taxes and inflation.
Anyone with basic knowledge of economics knows that higher taxes and inflation are the main reasons why people get poorer. And, at this moment obama controls both.
The cost of living will go up and people will be forced to rely on govn’t. If you control the economy you control the people.
Think about it
Fact: obama is the modern hitler.
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#18 written by MrStonemike 1 year ago
Obama is totally inept,he’s stumbling around trying to mislead America by mentioning a few conservative economic moves.
The bottom line is that gov’t needs to get out of the way and cut regulations,with just a few actions we could see America
boom and at the same time become independent of the middle east. The fantasy of a “green economy”without
hydrocarbons will relegate the American lifestyle to third
world status! -
#19 written by MrStonemike 1 year ago
No one despises the Bush screwups more than I do,however,
come back to reality,democrats controlled congress in Bush
last term. Barney Frank,Chris Dodd and others in congress
enriched themselves while demanding people be given loans
that they had no way of paying back.Obama is not smart enough to fix any problem. -
#21 written by quizerry 1 year ago
Better to ask how come the Government and congress didn’t rein in their bad business practices when the the regulations were in place to do so. Why didn’t the Government let them fail? Fannie and Freddie the two government backed morgage companies sub prime lending to unqualified buyers was encouraged by congress. Frank and Dodd lied when they claimed F&F were sound. These Banks knew if they failed the Government would back them. GET THE GOV OUT OF BANKING and this won’t happen.
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#22 written by quizerry 1 year ago
Also you have to understand not all Banks that got TARP money were in trouble. The Gov. forced good Banks to take TARP money in order to try to hide which banks were in trouble. The Good banks have paid the money back plus millions in interest to get out from Gov strings. So those good banks were penalized for the troubled banks bad business practices. Because the good banks had a interest debt to pay for money they didn’t want they have had to slow thier lending.
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#23 written by quizerry 1 year ago
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