Political Hippo Circle Jerk - America, farg YEAH!

[General_Failure]

1. you cant say "its the same old liberal bullshtein"  then propose incredibly liberal bullshtein as a solution

1. I can if I don't consider it incredible liberal bullshtein.

I'm gonna go kill little old ladies, since I don't consider it murder. Anyone that wants pics, speak up now.

[rjs246]

In.

[PoopyfaceMcGee]

Me three!

[ATV]

NO, I'm saying the money could have been better spent on mortagages than how it's being used now,  by being thrown into government institutions.

Alright, I know how it could have been better spent. Fathom this - What if we did things like immediately invest in upgrading our infrastructure to stimulate jobs, rebuild crumbling schools, make a huuuggee investment in green technologies and alternative energys, put the mechanisms in place to develop inter-city high speed rail, upgrade internet infrastructure throughout the country - Particularly in rural areas, Modernize our health care records and make a big downpayment towards implementing true universal health care?

Would these sorts of things be better for the country than would paying off your mortage so that you can go out and buy that jet ski you've had you eye on?

[Father Demon]

OK.  ATV is really Joe Biden.  I swear it has to be.

[shorebird]

so let me get this straight you have no idea if barrys plan will work and other than have the govt buy up all the mortgages you have offered nothing yet youre demanding that other people give you solutions?

  Another way to stimulate the economy better would be to put a part of those billions into a fund that would provide low interest loans (2-3 %) for small businesses in the private sector that would allow them to get back on thier feet or just not go out of business. That would also provide jobs.

I just don't see how taxpayers money that we don't even have being poured back into government is going to do it.

You might want to actually read my post before question them or commenting on them. Please try to keep up with the conversation if you want to be a part of it.

[ice grillin you]

stimulus package already addresses small business loans

im talking about ideas that arent included in the stimulus package that you have repeatedly bashed

[shorebird]

stimulus package already addresses small business loans

im talking about ideas that arent included in the stimulus package that you have repeatedly bashed

It does does it? How?

[ice grillin you]

It looks like the SBA loan programs so heavily weighed down from applied fees are getting help. SBA loans are desperately needed by small businesses around the country to stay afloat and reshape their business model for the coming recovery. Many local banks are not making SBA loans as they have had trouble selling them to investors on the secondary market. The economic stimulus package as proposed would begin the process of making the loans attractive again.

It appears most of the curent SBA programs for lending are addressed. There is something here for everyone as the 7a program is for working capital, while the SBA 504 is designed for fixed asset purchases like building and equipment.


We are hoping that the package also straightens out the SBA Community Express program which was a pilot program that worked very well here in North Florida. We do not see SBA Microloan activity in North Florida and it is hoped that the stimulus program makes thes small loans more accessable.
Keep checking this blog for more details or contact the Small Business Development Center at the University of North Florida at 904-620-2476.
From the U.S. Senate Committee on Small Business & Entrepreneurship:


United States Senator Mary Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, commented on the small business assistance provisions of the American Recovery and Reinvestment Act that was marked up by the Appropriations Committee today.
"The economic stimulus package includes essential provisions that will help jumpstart lending for small businesses nationwide," Sen. Landrieu said. "By reducing fees on government-backed small business loans, the bill will make new loans more affordable so small businesses can grow and succeed, creating jobs and strengthening the economy."

The stimulus bill includes $515 million to temporarily eliminate fees associated with 7(a) loans, the most common type of SBA-backed loan. Reducing lender fees will help reverse the downward trend in 7(a) lending, stimulating as much as $15 billion in small business loans. Last fiscal year, 7(a) loans decreased by more than $1.6 billion, or more than 30,000 loans. This fiscal year, 7(a) lending is already down by more than 56 percent.

The package also appropriates $100 million for the temporary waiver of fees on 504 loans, which provide long-term financing to small businesses that are expanding and need to buy equipment, facilities or other fixed assets. 504 loans are down 42 percent this fiscal year compared to this time last year. This funding is estimated to stimulate as much as $5 billion in small business loans.

The bill includes funding for the SBA's Microloan Program, which provides very small loans to qualifying small businesses. It includes $6 million for the program to handle the increase in demand from micro-businesses that have been crowded out of other financing sources as a result of the credit crisis. This funding will leverage an additional $51 million in microloans, creating or retaining an estimated 10,000 jobs. The bill also provides $24 million for complementary counseling.

To provide accountability, the package contains $10 million for the SBA Inspector General's oversight of SBA stimulus funds and $15 million for increased lender oversight.
"The small business provisions in the stimulus package are certainly steps in the right direction, but there is still much work left to be done," Sen. Landrieu said. "I am looking forward to the Small Business Committee roundtable on Thursday where we will focus on what is necessary to further stimulate growth and job creation among the nation's small businesses, the engines of our economy."

[PhillyGirl]

Why hasn't anyone killed Dick Cheney yet?

[rjs246]

Because everyone thought that he had been rendered irrelevant.

[PhillyGirl]

His mouth certainly hasn't been.

[Diomedes]

I hope he keeps it up.  The more he talks, the more trouble it makes for his party.

[PhillyGirl]

I hope he keeps it up.  The more he talks, the more trouble it makes for his party.

I know, but he gives me a farging headache.

[PoopyfaceMcGee]

Don't listen.  I saw something about him being on with Hannity and made damn sure not to read any more about it.

You should do the same, for your sanity's sake.