Bush cut small business loans

What a dick.This program was one of the greatest creator of jobs for but buck.Talk about blind siding the sma.I wonder how this will play out.It probly wont get legs.


http://www.miami.com/mld/miamiherald/business/national/8212213.htm

Mar. 17 - Local small business and entrepreneurial advocates expressed shock Wednesday that the Bush administration proposed eliminating a popular Small Business Administration access-to-capital loan program for people starting or expanding small businesses.

The administration has proposed cutting the 7(a) loan program designed for businesses with less than $15 million in annual receipts and fewer than 500 employees.

"I didn't know this was happening," said Gene Arnold, director of the Small Business Development Center at Lamar University.

I have heard that over and over and this is sort of silly to cut the program they need to do that.

...never stopped them before.

You have to have been turned down by banks at least three times to qualify for SBA loans anyway, but this is awful.

Is there nothing these oligarchs are ashamed of?

Want Government money, let them poney up the millions that big corporations do. If they don't have millions to donate, than screw them.

Bryant
Check it out --> http://politicalcomment.blogspot.com

now he chops um down like a sapling. What a dude.

If he does it is only as a warning that he's about to bend you over.

:hi: :hi:
lol that is way too true!!!
oh shit bush just mentioned me ... someone grab me some anal eaze

Welcome to DU!! :toast:

Welcome to the New Capitalism, which is neither.

"the entrepreneurial spirit" of America

as if bushco sees 'small business' as anything but something to be squashed and destroyed by his corporate cronies.

:puke:

in the next "Capitol Report" newsletter I get from the NFIB (National Federation for Independent Business). I joined this huge organization because it supposedly helps the self-employed, but it's always trumpeting some republican program as pro-business and bashing any democrat rep as pro-union, anti free trade, pro tax, the usual. I'm printing this article out for my NFIB counter-scrapbook.

My ex-employer (the one I was so happy to get laid off from) is an NFIB member. Their magazine, Your Business, is a freeper's wet dream. It's good bathroom reading, though, because it's just so funny to think that someone believes opposing every tax and every regulation is all one needs do to support small business.

They also kinda cover over things. I remember they did a story on technology once, and one of the people interviewed was Martin Mayorga. Martin Mayorga was described as a "coffee merchant." Umm...coffee is one of Martin Mayorga's side businesses. Martin Mayorga is primarily a cigar merchant, but the word "cigar" never appeared once in the story.

lots of my fellow merchants were members and the NFIB people that come around to sign up business owners were talking up the issue of health care. A big beef with the NFIB is the cost of health care and the idea was a big lobbying group could maybe produce some results. At the time it sounded good, but, a year later when I mentioned universal health care to the NFIB rep, all he saw was higher taxes and gov't regulation, then his head popped.

My husband and I are (very) small business people and we get an offer of credit almost every day from one bank or another. Rates are so low that banks are bombarding people like us with credit.

Nothing is going to stop us from trying to make a living outside of the sick and corrupt corporate world.

...because the wife and I are looking to franchise, and the doom and gloom talk here was getting me worried.

my son's future father in law is a repuke and votes that way because of HIS SMALL BUSINESS. i wonder what he's going to do now!?