From the VOMITORIUM
It is all so much BS!
We have hear all the attacks on the Prez and his jobs agenda….all the crap about it is small business that creates all the jobs and that small business should be a priority for the Obama admin……you have heard it all…….the Dems are failing the American people by NOT emphasizing small business and the creation of jobs…..
But wait! The Repubs have a better idea right?
From the AP:
Senate Republicans in the United States blocked a bill to increase small business lending Thursday, dealing a setback to the jobs agenda of President Barack Obama.
The bill would create a $30 billion (U.S.) government fund to help community banks increase lending to small businesses, combining it with about $12 billion in tax breaks. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans to small businesses, helping loosen tight credit markets.
Then if small business is the engine of our economy, why would they block a bill to help loosen up credit for the small businesses in this country? Good question…..
Much of the bill had bipartisan support, but Senate Republican leader Mitch McConnell of Kentucky said Democrats were blocking GOP amendments.
What would those amendments be? Glad you asked……
GOP amendments included measures to beef up border security, impose a government spending cap and lower the estate tax, which is scheduled to return next year with a top rate of 55 per cent on estates larger than $1 million.
One Republican amendment would repeal a new tax reporting requirement for businesses that was included in the massive health care overhaul enacted last spring.
The amendments have NOTHING to do with small business….if the GOP is so hot for the small businessman then why would they scuttle a bill that would help the businesses and jobs? It is an easy one to answer……politics…..nothing short of politics…it is NEVER about loosening credit for small business…it is about seeing that the Dems have nothing when it comes election time…..this screwing of small business helps Repubs and does NOTHING to help the American people…..Can you see the game for what it is now?
You want an idea of how the deficit expands so rapidly? Earmarks! You know those add-ons to bills…..the pork……what does border security have to do with small business? What does a spending cap mean when you add on so much new spending?
Special interests and pure gamesmanship and small business is just a pawn in this elaborate game of politics…..
Of course it’s politics and gamesmanship… what else would you expect of politicians and bureaucrats – a complete waste of space, money and fresh air that decent people could be breathing.
However, given that the utterly crap system is all we have at present, one of the things I don’t get is the American system that allows politicians to add “amendments” to bills that are absolutely and palinly nothing whatsoever to do with the subject under discussion. It’s just DAFT! Why would that be allowed?
I DO agree that small business is ALWAYS the driving force in a free economy (which is one reason why socialists don’t like them – requires common sense to regulate them – and socialist LOVE to regulate). Why doesn’t the government cut out the middle man and lend the money DIRECT to small businesses? That’s be HUGELY productive because then the banks would have to start competing instead of having a free hand to rip-off the little guy!
the earmarks are how the guys/gals in Congress get stuff for their districts….and I agree….amendments would be okay to a point but at least let them have something to do with the bill.
Good question….they had no problem giving it to banks and autos why not do the same for small business?
very nice topic thanks alot bookmarkd!
I agree that it’s another case of GOP obstructionism, though I also think that, if they were in power, they wouldn’t be God’s gift to small businesses – that line has always been more myth than reality.
Quin,
Good point about the amendment process.
Yes, small business and the fake concern has always been a GOP talking point…..and yes, not much will change when they return to power…..they make any big business decision seem like something good for small business….seldom is.