Obama Offers Help for Small Businesses
Link to article in NY Times
The President has done very little for Small Business which creates the majority of the jobs in this country. The problem is small businesses can not get bank loans, Mr. Obama proposed to eliminate fees and increase government guarantees in 2010 for loans from the Small Business Administration. He said the Treasury would step up loans to small businesses from the bank bailout fund, the Troubled Asset Relief Program.
However, this will not address the problem of the banks not giving the loans. His efforts are half-hearted at best.
The President has done very little for Small Business which creates the majority of the jobs in this country. The problem is small businesses can not get bank loans, Mr. Obama proposed to eliminate fees and increase government guarantees in 2010 for loans from the Small Business Administration. He said the Treasury would step up loans to small businesses from the bank bailout fund, the Troubled Asset Relief Program.
However, this will not address the problem of the banks not giving the loans. His efforts are half-hearted at best.
posted by Brian at 12:49 PM
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