well if he wants to fix american economy, the obvious first step would be to repeal the bush bankrupt america act of october 2005.
most small biz entrepreneurs dont succeed with their first venture, and with the bankruptcy laws the way bush made them, they are done. no second chances, the creditors just ruin their lives.so with small biz failures, there goes 65% of the jobs down the toilet because of bush bankrupt america act.

I think we would be better with no president at all than having obama.

Hillary would have been kicking ass and taking names. We would have had health insurance reform six months ago. And it wouldn't have been without a public option either. Now this bonehead idea, paying companies $5.000 to hire somebody. Round up the relatives company owners--time to cash in.

Obama isn't qualified to be president of a 4-H club.

Let's go to the big board and show me.....'Bank Bailout'!

Only 'small' banks are less likely to 'lend' our money to anyone, even if it is guaranteed
by the SBA.

More smoke and mirrors from someone who's abandoned his base and who made promise
after promise that he had no intention or ability to keep.

HOPE indeed.

better watch what you say doggie the obama ass kissers don't like that kind talk here

obama is a lying shitbag

Aren't they afraid this is one of Obama's Socialist traps?

It's not "socialism" and Obama is not calling the shots...

It's not about Small Biz it's about Small Banks - TARP II

1) When did TARP get approved by Congress to be a slush fund for POTUS?
Maybe we should restore sound monetary policy via a sound congress.

2) This TARP II is about putting greater regulation and control on small lending institutions... Read the language-

"subject to criticism for loans made"

"regulators expect institutions"

"consistent with prudent management of credit concentrations"

"Examiners will expect institutions"

"maintain adequate loan loss reserves and capital"

-
Stop making this a left right thing like the media moguls want.

Look around and see the Constitution in shreds by Patriot Act, TARP, GM/Chrysler Bankruptcy, Executive Powers War & National Emergencies and on...

Or maybe folks are OK abandoning the principles the country was founded on?

For disclosure:
"The Doctor and The Judge 2012"
For the PEOPLE not the Party!

"The proposals I've outlined are not Democratic or Republican; liberal or conservative," he argued. "They are pro-business, they are pro-growth, and they are pro-job." Actually, the proposals are Reaganomics, they haven't worked for the past thirty years and no matter how you twist them, they still won't work. Consumer demand for goods and services create jobs, not tax credits to hire workers to create goods and services to which there is no demand. In 6 months all these "new" employees will be laid off, and the tax payers will be out another wad of cash.

Admit that you are just pretending to help Joe Public before the 2010 elections. Create the illusion of hope, and then crush the spirits of your supporters once again.

I'm beginning to think that you are the American Trojan Horse, you campaigned as a democrat and once you breached the White House walls you became 100% Republican.

Obama, the Republican Trojan Horse.

These proposals, if executed as intended, will help small businesses compete against mega-business by giving them access to expansion capital. They will also help small community banks, which by and large are blameless for our current economic mess, to survive and thrive. And they will help communities to rebuild local economy.

Small businesses that have a better product or service still have a difficult time making it through the current downturn, because they do have have access to the capital that larger firms have via loans or sale of equity.

For example, I work for a small business. We know we have enough orders in the pipeline for the second half of the year to hire more people and grow. But in the meantime there is a period of 6 months when we will be financially in the red and could go out of business. A short-term loan will enable us to weather the 6 months. It will save jobs, and allow us to create more jobs. But there is not a bank small or large that will lend us this money.

With Obama's proposal, a community bank, where they know the characters of the people who run our company, and where the gov't covers them for riskier loans for small business, can lend us the money we need to develop our business and create more jobs.

Now multiply than by tens of thousands of small businesses across the US.

The bankers who created the current economic disaster have been bailed out and have used this bailout money to line the pockets of their shareholders and executives. They have not created a single job with TARP funds, unless you count preserving the jobs of those who created this mess and giving them massive bonuses. This means they will continue to be irresponsible, take the rewards when things go well, and asking for welfare checks from the government (by the trillion) to maintain their lush lifestyles when they screw up.

Obama's proposal to use TARP to help small businesses stay afloat and grow, and community banks prosper, helps those who are blameless for our economic plight and who can actually help us grow out of it.

Re the argument of consumer driven demand - it has some merit, of course, but do not forget that businesses sell to businesses, and even in these times a product or service that enables a business to run more efficiently or effectively will sell. Consumer demand is very important, but it is not everything.

Obama has made some mistakes, and has been demonized for them. He has been demonized for things which were not mistakes. And he has been demonized for the mess he inherited from Bush in the Middle East.

The right wing press has been very effective at hurting Obama's attempts at socially responsible reform for the benefit of the people.

No doubt the right wing will demonize him also for trying to support small businesses via this and other programs.

As an aside and editorial comment, the US is no longer a country governed for the people by the people. It is a country governed for the Fortune 500 and the Military, by the Fortune 500 and the Military. It is unsustainable and will end in disaster, after which those left can start again.

If we could make but one change to the constitution, I would suggest that it be an ban on corporations, or anything other than actual people, ever being allowed to claim the privileges of being a citizen or a person. This includes removing from all but individual people the privilege of funding political campaigns, in any way whatsoever, directly or indirectly.