I heard about the $30 billion small business loan program on the news this morning and couldn’t help but wonder…don’t we have newfangled institutions that handle this sort of thing? What were they called again? Oh yeah, banks! Maybe the banks are too busy with CYA from the Obama administration to be able to give out any loans.

With all of the proposed taxes and regulations proposed or being dreamed up..

Does small business even want the loan? Most are contracting, not expanding. I run a very small 1 man show service business on the side to cover some of my wifes lost income as she loses customers (day care) and the businesses I service are either dropping my service (I service and sell aquariums normally found in waiting rooms) or cutting back and taking over some of the duties themselves.

Thankfully, I started (and still am) small, and have not had to borrow money to operate. However, if I was looking to expand I would NOT do it now. I am afraid of obama.

of people are learning a valuable lesson about Democrats.

And ANY federal monies will come with strings attached.

…a loan from the Chicago mob. We want to be left alone with as few government entanglements as possible.

So yeah, sure, go get an ObamaLoan and watch how quickly you are told who you must hire and who you can’t fire and so on and so on.

Anyone foolish enough to sign on with these thugs deserves to go tits up within the year.

And I wouldn’t dream of taking money from the government. Too many strings and too little control over someone like BO calling you out or calling you names. Besides, I thought the TARP money that was repaid was supposed to back into the Treasury?

I have to remember that administration sees me as a money farm. If I went to taking those TARP funds, I’m sure that Obama’s goon squad is sure to follow. If they do to us small business people the way they do to banks, I’d be very worried.

I don’t want and wouldn’t take a dime of TARP money or whatever they are calling it. But still I am getting whacked by overintrusive and confiscatory government. If it is not the IRS, it is the EEOC, or the EPA or maybe Wage and Hour or maybe the FTC.

This sorry alphabet soup of government statism is enough to make any small businessman want to hurl. Or just go Galt. For now I am running in place, waiting on November. No need to borrow or expand. . . or hire.

I don’t give a hoot about Obama’s “green shoots”. They exist only in the minds of an adminstration that can’t even count the number of jobless.

In the fall, I want to a see a U.S. map turned RED by all the congressional districts lost by the statist Democrats. Then we can begin, again, and this time with less ego and more fidelity to core beliefs.

According to the law passed to implement TARP, “all funds repaid by recipients shall be paid directly to the Treasury General Fund.”

So, dear readers, how, exactly, does the Administration get around this inconvenient truth? If they obey the law then they cannot reroute the TARP repayments to another program.

That Richard Trumka of one of the big Unioms has nen on tv and radio
here talking about it.

As others have emphatically stated, I want no part of “help” from Obama. I don’t need a loan with such heavy vigorish; I need for Obama to stop wrecking the economy so I can sell a few things.

If government wants to really help small business (and this current lying socialist crew clearly does not) then the best thing to do is to get out of the way and leave us alone.

Finally, in regard to this latest TARP shell game, Judd Gregg is my new hero. http://www.youtube.com/watch?v=j0XzrTV7Zzs

the price of this 30 billion dollar is the freedom of small business.if he gets his fangs that part of the american life.its part of a three prong attack on america.1.the government,2.big business,3. small business.the people see this,why dont congress and the senate.because of the progressives in our government.stay mad and vote them out in 2010.
3

…bu if I recall correctly, TARP money could only be used for bank bailouts. There were not a lot of controls written into the legislation, but I’m fairly certain there was a limitation put on who could receive the funds. That, for example, is why they had to run the GM bail-out through GMAC; had to make it look like it was going to a bank.

By that, money for these small businesses cannot be allowed to appear to come from the TARP program – unless they can make all of these small businesses look like banks. I guess it’s good to know that even our belovéd thugocracy knows that they cannot stretch it that far. (Yay?)

OK – any small bank worth it’s salt would refuse money from this gang – which leads me to wonder what kind of businessman or woman would step out on the plank and take the money. Will Maxine Waters be on the selection committee? Will Andy Stern’s Pals get some? And who’s watching the hen house to insure that this isn’t another backdoor fund ACORN and it’s many different branches prior to the 2010 elections?

Will there be a “qualifer” to even see if the lending institutions in questions are stable and have sound business practices so they can pay the loans back or will we just tax healthy banks more money to cover their losses?

Is this a Fannie/Freddie redux?

Since when did we the US Citizen get involved in the loan business anyway?

Our company was courted by RCB (Royal Canadian Bank) a few years ago and we made the shift. Boy am I glad we did! They are hurting and scaling back on their business loans like American Banks, but at least they can focus on their business (and ours) and not worry about the Government. I wonder how many other small business are seeing foreign banks as a reliable option since this administration seems to think they can control any and every lending institution in America. I can just see the SEIU licking it’s chops over new recruits from this Bailout scheme.

Right on Dr. Price! and Judd Gregg too.

The Obama administration is all about PR. The carrot of small business loans and tax credits is a joke. The loan program is not even legal under TARP as Senator Gregg pointed out unless Congress authorizes it in a new piece of legislation.

Mr. Obama is a disgrace to the Office he holds. He is killing America and its economy despite the PR to the contrary. He demonizes successful businesses large and small and seeks to gut them with mandate laden proposals like healthcare, cap and tax, card check, tax policy and stealth rule making and regulation. Then he sits back and wonders why there are no jobs? Incredible. He props up and bails out businesses that should be left to fail. He plays class warfare card pitting groups of Americans against each other. For example – Wall Street v. Main Street, labor unions against business, those making less than $250k against those making more than $250k. He even plays the race card (beer summit) and dispatches his political operatives to do the same. Don’t forget the goon Chicago politics intimidating members of Congress (“don’t think we’re not keeping score here”), the Supreme Court (SOTU) among others. He talks to us like we are children that just don’t understand what is good for us. It is PATHETIC!

One more news flash – Businesses don’t hire because of government bribes like tax credits and loan programs. Special programs/favors may buy you votes from senators from Louisiana and Nebraska but it don’t work like that in the business world. Businesses hire because they need someone to do actual work to support the businesses purpose of making a profit. Uh-oh, I said profit. Businesses live by budgets, something Mr. Obama apparently does not understand given his budget proposal earlier this week with trillion plus dollar deficits.

Thankfully, America is figuring or has figured out who Mr. Obama really is. Let’s all get behind good conservative candidates for elected offices from local municipal dog catcher to senator so we can take back this country from Mr. Obama and his liberal cronies. If there is an office that does not have a conservative running, strongly consider stepping up and running yourself. We must take back our country and then be vigilant in guarding it from liberals like Mr. Obama forever!

no no no that’s not what the law says. But what the heck I guess the law only matters when it’s a Democrat who wants to enforce it.

The days of walking all over the law and spending like a blue-light special are about to come to an end. The in-fighting of Democrats and the GOP having 41 votes may just actually turn things around,slowly.

I would never do business with the Government. When I had my limo company, I was asked to bid on the Medicaid contract and refused to do so because the government is too much trouble to do business with–the rules and regulation and forms and crapola make it untenable to deal with. This is why doctors are refusing Medicare and Medicaid patients–it’s not just about the low pay rate.

Didn’t they tell us they have no idea how to track gubment stimulus? They rely on those who received funds to report them?

I saw a report of a freakin puppeteer here in MN got stimulus money.

Money confiscated by gubment is never temporary, reminds me of hotel California: you can check out any time you like but you can never leave.

We get lip service from gubment as every program turns into permanent entitlements and revolving slush funds.

Another Obama plan that dooms its participants to slavery.

This thing is poisoned from the top down. No bank board of directors who wants their bank to succeed will touch this money. No business man who has been successful will take this kind of money.

People involving themselves in this are drowning, and think they’re grabbing a lifeline. Once aboard the boat, the shackles are fastened. And when the boat goes down, shackles don’t float.

Year 2000 we had a 200B surplus. Year 2008 we had a 11 trillion deficit. We had a Republican majority and president for almost all of the 8 years. They did’nt veto or block one spending bill until Obama came along then they found “Jesus” and blocked all they could. They approved a tax “relief” that cost 3 trillion lost revenue. The middle class lost $2000 in yearly income and the top 5% of income folks gained greater then 10 % wealth.
The present “deficit” is 10 trillion dollars from the 2000-2008 group and 1 trillion for Obama. Over 50% of the Obamas is due to decreased taxes (economy and the Bush tax cuts) and the need to pump money into the emergency conditions. Just what was the 700B stimulus?(Contrasted to the Bush-Paulson TARP to the banks).200B for middle class tax cuts,200B for extending unemployment benefits,200B for keeping the state teachers and firemen and police etc. working and services. What part do you not like?
The banks are not lending and business are laying off workers and cutting back. The Private sector is hiding out and holding their money. The only money available is from Government. Tax cuts for unemployed folks and businesses with no income are not going to add much. The tax collections are 1.1 T private,296B corporate,935 B Social security. Cutting taxes 10% (highly unlikely) gives about 300B to the country. However,this increases the deficit another 300B per year. It has been shown that these tax savings go to saving programs and do not stimulate the economy. (Review the Reagan “Trickle down” results).
You should be very suspicious of all the simple quick answers the politicians will give out. There are no quick simple fixes folks. Like it or not we will need to reduce spending (this will mean defense,wars,and medicare) and we will need more revenue. If we were a family it would mean cutting back on food,transportation,rent,clothing etc. And getting an extra job. This article implies cutting back on new clothes and otherwise don’t change a thing will answer the family budget. Oh Yeah?