Obama and his liberal comrades in Congress had no rest until they passed the $30 billion small business loan bill. That may sound all well and good like the regime is focused on getting the economy going again.
But, the dirty little secret is that small businessmen are not looking for loans. They are too terrified by the president's threats of income tax hikes, mandated health insurance, increased energy prices, and all the nasty added regulation coming from the White House. With such a depressing scenario and such a crappy economy, who in their right mind wants to take on added debt?
Read from Weasel Zippers:
Another Fail? Obama’s Small Biz Lending Program – Nobody Wants Any Part Of It.
"We don’t want your stinkin’ loans.
Recent survey shows that 91% of small business owners say all their credit needs are being met. They need customers!
(My Way) — 'President Barack Obama’s $30 billion small community business lending program faces one big challenge: many of the community banks and businesses it’s supposed to help don’t want it.
The lending program is part of a bill that passed the House of Representatives on Thursday and now awaits the president’s signature. The legislation contains a mix of tax cuts and credits aimed at helping small businesses. The centerpiece of the bill is an effort to make billions of dollars available to community banks for loans to small businesses. It seems like a simple effort to unclog a credit pipeline that has been blocked since the financial meltdown two years ago. But interviews with seven community bankers, as well as small business owners, show a reluctance to participate.
“People in my constituency can’t get credit, and this will get money out to small businesses, who are the engine of job creation for this country,” said Republican Sen. George LeMieux of Florida, who co-authored the amendment that created the lending program.
Bank executives say their customers don’t want loans, even at low interest rates, because the sluggish economy has chilled expansion plans. Some say the federal money isn’t worth it because they fear it will come with too much regulatory oversight.
“We have taken a strategic decision not to have our primary regulator, the government, also be a partner in our bank,” said William Chase Jr., CEO of Triumph Bank in Memphis.'
Read the rest here."
Oh well, if they don't want Obama's loans, he can add the money to his Democratic slush fund.
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Øbama again Omits ‘Creator’ When Speaking of ‘Inalienable Rights’ Cited in Declaration of Independence.
Just seven days after he sparked controversy by omitting the word “Creator” when he closely paraphrased the passage from the Declaration of Independence that says all men “are endowed by their Creator with certain inalienable rights,” President Barack Øbama again omitted the Creator when speaking about the “inalienable rights” that “everybody is endowed with.”
http://www.cnsnews.com/news/article/75843
This could mean either:
1) Øbama's teleprompters are in the shop for repairs
2) A Harvard Grad that never read the Constitution or the Declaration of Independence
3) He’s a Communists that believes that all rights are granted by the state
4) He’s a muslim who believe that Allah created the sun, the moon, and the planets, each with their own individual courses or orbits as stated in the Qur’an.
If you’re an American, one has to wonder why he would leave that out.
The ignorant Independents and Christians that bought the Christian lie and voted for his bumper sticker slogan of "hope & change" are responsible all this mess.
I'll gladly take the "blame", AnonyMouse. It still is much better than the alternative that was offered, hands down!
DiogenASS: he's better than the alternative by your standards as a communists or muslim?
Because surely an American would choose to vote for another American, would they not?
Sorry, AnonyMouse, but Obama is an American. I know you feel differently, but you have no basis for that feeling, other than your own personal brand of being loathsome.
Until you realize that liberals can be and are Americans too, you're bound to be a bitter old man.
Until you realize that most Americans don't see it your way, you'll be an ole idiot liberal.
DiogenASS: As long as the left is using Stalin and Mao as a template to transform America, they will never become anything more then 15 minutes of fame and power.
You guys just don't get it.
You can continue to insist that liberals are Socialists/Marxists/Communists, even when they're not.
Shouting it at the top of your lungs, incessantly, doesn't make it so. It just makes you look more stupid... if that's even possible at this point.
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