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Author Topic: Congress sends small business aid bill to Obama  (Read 2274 times)

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Offline Chris_

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Congress sends small business aid bill to Obama
« on: September 23, 2010, 08:34:43 PM »

Congress gave final approval to legislation aimed at boosting lending to small businesses in what is likely to be the Democrats final jobs bill before the Nov. 2 elections.

Republicans objected to provisions creating a $30 billion program in which the Treasury Department would buy preferred shares in community banks, with participants paying the government dividends on a scale depending on how much they increase lending. They said the plan amounted to little more than a smaller version of the Troubled Asset Relief Program.

Economist Alan Blinder, a former Federal Reserve vice chairman, said many small businesses have had extreme difficulty getting loans, though he said poor sales remain their biggest problem.


From The Detroit News: http://www.detnews.com/article/20100923/BIZ/9230476/1001#ixzz10PGqNqZE
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Offline NHSparky

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Re: Congress sends small business aid bill to Obama
« Reply #1 on: September 23, 2010, 08:54:24 PM »
"Jobs" bill?  Or just another union/gub'mint employee payoff?
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Offline Karin

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Re: Congress sends small business aid bill to Obama
« Reply #2 on: September 24, 2010, 07:22:36 AM »
Stupid.  What small businesses need is consumer confidence to prompt someone to come in and buy, and relative certainty in what the future holds for them. 

I don't intend to add any debt to my business, not one penny. 

So now when we all call up CC, the first thing we have to look at is this witch and those rugrats?  I feel like taking that gavel and bonking her over the head with it. 
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Offline Mugsaway

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Re: Congress sends small business aid bill to Obama
« Reply #3 on: September 24, 2010, 07:53:29 AM »
For some reason that picture turns my stomach...
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Offline thundley4

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Re: Congress sends small business aid bill to Obama
« Reply #4 on: September 24, 2010, 08:22:02 AM »
Quote from: Karin on September 24, 2010, 07:22:36 AM
Stupid.  What small businesses need is consumer confidence to prompt someone to come in and buy, and relative certainty in what the future holds for them. 

I don't intend to add any debt to my business, not one penny. 

So now when we all call up CC, the first thing we have to look at is this witch and those rugrats?  I feel like taking that gavel and bonking her over the head with it. 

I think two of those kids are named Hansel and Gretel, the others must be their friends.
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Offline JohnnyReb

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Re: Congress sends small business aid bill to Obama
« Reply #5 on: September 24, 2010, 08:27:49 AM »
Quote from: thundley4 on September 24, 2010, 08:22:02 AM
I think two of those kids are named Hansel and Gretel, the others must be their friends.

You know why she's smiling....she's telling the kids, "I'm going to put enough titties on the government sow that we all will have one to suck on."
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Offline true_blood

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Re: Congress sends small business aid bill to Obama
« Reply #6 on: September 24, 2010, 09:43:59 AM »
Oh good! ::) Spending more money that we as a nation don't have. And, I bet this "jobs bill" doesn't do jack crap for the jobs picture. :hammer:
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Offline VelvetElvis

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Re: Congress sends small business aid bill to Obama
« Reply #7 on: September 24, 2010, 09:47:54 AM »
That picture of Nanzi with those kids gives me the creeps.
It reminds me of Saddam patting the heads of the children (potential hostages) in the runup to the Gulf War.
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Offline Wretched Excess

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Re: Congress sends small business aid bill to Obama
« Reply #8 on: September 25, 2010, 12:12:53 AM »
their "jobs bill" equates to raising taxes, and then deciding who gets their money back.
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Offline Lacarnut

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Re: Congress sends small business aid bill to Obama
« Reply #9 on: September 25, 2010, 12:33:09 AM »
Most of the banks especially the ones that are not in dire straits will not touch this money with a 10 foot pole because they saw what the Feds did to the big banks under TARP. They do not want some moron from the Federal Government telling them how to run their business. Also, not knowing from what day to the next what the rules and regulations are will turn most bankers off.
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Offline Wretched Excess

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Re: Congress sends small business aid bill to Obama
« Reply #10 on: September 25, 2010, 12:36:19 AM »
Quote from: Lacarnut on September 25, 2010, 12:33:09 AM
Most of the banks especially the ones that are not in dire straits will not touch this money with a 10 foot pole because they saw what the Feds did to the big banks under TARP. They do not want some moron from the Federal Government telling them how to run their business. Also, not knowing from what day to the next what the rules and regulations are will turn most bankers off.

the WE prediction is that we will win the house (and perhaps the senate), after which the unemployment rate will fall through a hole . . .
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