These are Brian Schoenbaechler's ramblings, rants, and raves about his life trying to grow his Small Business.

Friday, December 11, 2009

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.


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