Obama = only good at giving speeches
10 whole billion given to unlock credit markets for SB. Wonderful. Out of the 800B allocated to stimulate the economy. Awesome.
This administration is DETERMINED to start a class war of epic scale. Everything is derived from a class figure.
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Under the new program, SBA will guarantee as much as 90 percent of loans, up from 85 percent for those under $150,000 and 75 percent for larger ones, the person said.
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No "real" small business has operating costs per month (including salary) that fall under 100-150K. * Real defined as one that provides health care, 401K and has a median salary of $40K and more than a handful of employees
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The Small Business Administration typically guarantees $20 billion a year in loans, though new lending is on track to fall below $10 billion this year, the people said, citing the administration’s data.
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..so your solution is to offer what use to exist? Awesomeness
Problem is, average person who loves American Idol has no concern about this. The Kool-Aid is still prevalent and chilled. Only Obama can have a 60+% approval rating while 55+% disagree with his efforts on the economy.
And what is this:
http://money.cnn.com/2009/03/16/news...ion=2009031609
Fed to buy T-Bills, isn't that like buying your own product to uptick your sales...hmm..didn't Enron do that??
Or check this out:
U.S. Rep. Barney Frank, D-Mass., is calling for AIG executives to lose their jobs over plans for massive bonsues. (AP Photo) - pot calling kettle black. Frank is the same person that headed up oversight of Fannie/Freddie...he didn't lose his job